MANILA, Philippines — Banks and financial institutions are being encouraged by the Bangko Sentral ng Pilipinas (BSP) to be environment friendly by reducing, reusing and recycling credit cards.

THE Credit Card Association of the Philippines (CCAP) said the decision of the Bangko Sentral ng Pilipinas (BSP) to maintain the interest rate ceiling on credit cards was the right call.

Similarly, the maximum processing fee on the availment of credit card cash advances remains at P200 per transaction. BSP Governor Felipe M. Medalla said, “The policy aligns the credit card ...

This means that interest rates or finance charges on credit card transactions will be steady at 2% per month, or 24% annually, the BSP said in a statement on Thursday. The monthly add-on charge on ...

MANILA, Philippines — The Credit Card Association of the Philippines (CCAP) has partnered with the Bangko Sentral ng Pilipinas (BSP) to raise consumer awareness on the responsible use of credit ...

Existing regulations, particularly the Bangko Sentral ng Pilipinas (BSP) Manual of Regulation for Banks, prohibits lenders from giving out pre-approved credit cards. The BSP defines pre-approved ...

has terminated the contract between BSP and All Card Inc. (ACI), the supplier of Philippine Identification System (PhilSys) ID cards. MB Resolution No. 962 obtained by INQUIRER.net on Thursday ...

The Bangko Sentral ng Pilipinas (BSP) on Friday announced the adjustment in the interest rate ceiling on credit card transactions. The BSP said this adjustment will increase the maximum interest rate ...