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.

A fourth of all concerns coursed through the Bangko Sentral ng Pilipinas’ consumer assistance mechanism are complaints about credit cards during the pandemic, the BSP governor bared on Thursday.

THE BANGKO SENTRAL ng Pilipinas (BSP) said it will review the current cap on interest rates and other charges imposed by credit card companies in January. This after the Monetary Board agreed last ...

THE BANGKO SENTRAL ng Pilipinas’ (BSP) policy-setting Monetary Board has retained the ceiling rates for credit card charges to help consumers as the pandemic continues. “The retention of the ceilings ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has raised the interest cap on credit card transactions to 3 percent a month or 36 percent a year. BSP Governor Felipe Medalla said in ...

CURRENT caps on credit card charges will be retained to encourage consumer spending and at the same time allow lenders to remain viable, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. "The BSP ...

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 ...