BSP data showed that OFW cash remittances reached $3.12 billion in September from $3.01 billion in the same month last year. This brought the nine-month total to $26.03 billion: a 3.2 percent increase from $25.23 billion in the same period of 2024. Read more »
Google Pay is now officially available in the Philippines, enabling users to make fast, contactless payments with NFC-enabled Android smartphones. Read more »
Online gambling sites are shifting to new platforms in the Philippines as operators adapt to tighter government regulations despite efforts by the BSP and e-wallet providers to curb access. Read more »
GCash users who enjoy playing games through GLife will need to cash out soon. The mobile wallet announced that it will suspend access to gaming on the platform starting Saturday, August 16, at exactly 8 p.m., in line with a new order from the Bangko Sentral ng Pilipinas (BSP). Read more »
The Philippines is celebrating a major achievement in currency innovation as its First Philippine Polymer Banknote Series (FPPBS) was named “Best New Banknote or Banknote Series” by the International Association of Currency Affairs (IACA). Read more »
The Philippines has made significant strides in enhancing its anti-money laundering (AML) and counter-terrorism financing (CFT) efforts, earning recognition from both the International Monetary Fund (IMF) and the Financial Action Task Force (FATF). Read more »
