THE Bangko Sentral ng Pilipinas (BSP) warned holders of automated teller machine (ATM) cards not to pawn their cards, as it may result in problems. "This scheme may lead to financial troubles for ...

The BSP said there are over eight million credit cards issued ... The new rules also require collection agents to observe “good faith” in demanding payments from card holders, saying that they shall ...

BSP Deputy Governor Nestor Espenilla told the ... “We believe it would be better for card holders if the market and competition among banks and card issuers would determine rates,” he said.

Credit card firms are extracting some P24 billion a month in charges from the more or less 5.7 million card holders across the Philippines, enabling them to earn more money than any other financial ...

BSP Deputy Governor Chuchi Fonacier has asked ... Some initiatives include the development of measures to protect credit card holders and merchants, conduct of information campaigns about the ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has granted Zed Financial PH Inc., a credit-led neobank, a certificate of authority to operate as a standalone credit card issuer.

Credit-card holders are urged to maintain a good credit ... Data from Bangko Sentral ng Pilipinas (BSP) shows that the banking sector’s allowance for bad debts stood at P322.09 billion as ...

MANILA, Philippines — The Banko Sentral ng Pilipinas (BSP) has denied allegations that it entered into a subcontract with AllCard, Inc., the terminated national ID card supplier. “The BSP did ...

To help ease the debt burden of credit card holders, the Bangko Sentral ng Pilipinas and the ... get back on track towards responsible use of credit. "With the help of BSP, CCAP, and BDO Unibank, the ...

BSP Assistant Governor Restituto Cruz said it ... saying that an ATM card can not be considered a “good collateral” as a card holder can anytime declare that a card has been lost and a ...

The policy initiative — made possible by BSP’s supervisory authority over ... the issuance will enable credit card holders to settle financial transactions under more affordable pricing ...