HSBC business customers can now send up to ₱500,000 per InstaPay transaction, giving companies more flexibility for payroll, supplier payments, and other business transfers.
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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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UNO Digital Bank has completed account corrections and fund reversals for affected InstaPay transactions, while InstaPay and PESONet services remain temporarily paused.
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The Manila Tech Summit 2026 puts the Philippines at the center of ASEAN efforts to build a more connected, secure, and accessible digital economy.
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BPI was named to the Best Workplaces in the Philippines 2026 list, a recognition that highlights how its people-first culture could influence the service cardholders receive.
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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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BSP Circular No. 1238 introduces new pricing rules for electronic fund transfers and requires zero fees for payments received by qualifying micro-merchants.
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Metrobank will introduce a 5% Quasi-Cash fee on Maya Cash In and Add Money transactions and increase its PayNow processing fee starting August 15, 2026.
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BSP Circular No. 1213 requires banks to replace SMS and email OTPs for high-risk transactions with stronger authentication methods such as biometrics and device-based verification.
2 min read