BSP pushes adoption of National QR Code standard for payments

 

 

 

To ensure the efficiency of payment systems in support of inclusive economic development, the Monetary Board has approved a policy requiring the adoption of a National Quick Response (QR) Code Standard for payments.  This Standard is necessary for ensuring interoperability of QR-enabled payment and financial services.

 The QR technology is the most convenient and cost- efficient means of moving funds from one account to another.  Hence, the use of interoperable QR Codes has been gaining traction as an alternative to the traditional debit and credit cards.

 

A QR code contains most, if not all, of the…

Read more: BSP pushes adoption of National QR Code standard for payments

Investment outflows exceed inflows in September

 

 

By Rose de la Cruz


Foreign portfolio investments of Bangko Sentral ng Pilipinas-registered transactions for September 2019 showed net outflow of $232 million from a total outflow of $1.5 billion against the net inflows for the month of $1.3 billion.  But BSP said this net outflow is an improvement from the net outflows noted in
August 2019 of $392 million.


The $1.3- billion registered investments reflected a 7.2 percent increase from the $1.2 billion figure in August. About 80.2 percent of investments registered during the month were in PSE-listed securities (pertaining mainly to property companies, holding…

Read more: Investment outflows exceed inflows in September

Personal devices pose risks at work

 

 

By Rose de la Cruz

 

The policy of some companies allowing employees to use their personal devices at work—from business calls made on personal phones to corporate network connections on home laptops, pose risks for the company.

 

Such practice is generally beneficial, however, especially in small companies: The employee is already familiar with the device, and the company saves money. The downside, however, is that the practice creates additional cyber risks for the business.

 

Personal devices at work — the new normal under the organization’s Bring Your Own Device (BYOD) policy-- has been steadily rising…

Read more: Personal devices pose risks at work

Slower price hikes for food, alcoholic products cause inflation to ease in July

 

By Rose de la Cruz

 

Slower price hikes for food and alcoholic products caused inflation to ease further in July to 2.4 percent, its slowest since December 2016’s 2.2 percent and was the same for July 2017.

 

Headline inflation for July 2019 hit only 2.4 percent year- on- year from 2.7 percent in June. The resulting year-to-date average inflation rate of 3.3 percent remains within the government’s target range of 3 percent ± 1 percentage point for the year.

 

Core inflation, which excludes selected volatile food and energy items to measure…

Read more: Slower price hikes for food, alcoholic products cause inflation to ease in July

SAS eyes expanded role in the Philippines

 

 

By Rose de la Cruz

 

Apart from 28 years of assisting big banks and financial institutions with managing, securing and optimizing their big (business) data for all its stakeholders, SAS-- the global leader in business intelligence and data analytics-- is eyeing an expanded role in the Philippines by way of assisting local governments and their leaders how to make good on their plans and programs for their jurisdictions using available data in their actual environments.

 

At a press conference held Tuesday at the sidelines of the SAS’ business forum at Makati Shangrila, company officials from here…

Read more: SAS eyes expanded role in the Philippines

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BSP pushes adoption of National QR Code standard for payments

      To ensure the efficiency of payment systems in support of inclusive economic development, the Monetary Board has approved a policy requiring... Read More...
Investment outflows exceed inflows in September

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