The BSP expects August inflation to reach 5.5% to 6.5%, with food, fuel, and weather-related supply disruptions likely to keep household budgets under pressure.
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More than 1,000 Southern Leyte students joined a financial literacy initiative that also helped 528 students open transaction accounts with formal financial institutions.
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PERA contributors can now use qualifying time deposits as retirement investments, adding another lower-risk option alongside funds, stocks, REITs, and government securities.
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InstaPay and PESONet transactions reached ₱19.16 trillion in the first seven months of 2026 as digital transfers surged amid lower bank fees.
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Digital payments accounted for 64.7% of retail transactions by volume in 2025, marking a major shift in how Filipinos pay for everyday goods and services.
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The BSP says lower digital transfer fees could encourage financial inclusion, while other barriers such as connectivity, maintaining balances, and financial literacy also need to be addressed.
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The BSP is considering four new digital banking licenses, potentially giving Filipino savers more choices, stronger rates, lower fees, and better digital banking features.
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BSP-supervised banks and payment providers are phasing out SMS and email OTPs for high-risk transactions by June 30, 2026, replacing them with stronger authentication methods.
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InstaPay and PESONet transactions reached a combined ₱10.388 trillion in the first four months of 2026 as digital payments continued to surge across the Philippines.
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BSP-licensed digital banks are expanding rapidly, but depositors should know the ₱1 million PDIC insurance limit and stick to the six officially licensed digital banks.
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The BSP is warning Filipinos about Quishing, a scam that uses fake QR codes to steal banking credentials, e-wallet information, and personal data.
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If you have been scammed, acting quickly and reporting to the right bank, government agency, and law enforcement office can improve your chances of protecting your accounts and recovering funds.
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