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Read MorePublication: Philippine Star Publication Date: October 13, 2020 www.philstar.com/business/2020/10/12/2049016/credit-card-firms-back-fee-cap-flag-earnings-risk MANILA, Philippines — Credit card firms backed the central bank’s decision to cap the interest and penalties they charge, but warned doing so risks weighing on their already financially strained balance sheets. “CCAP, along with Philippine banks and financial institutions, remain supportive of provisions for credit card ...
Publication: Business Mirror Publication Date: October 6, 2020 https://businessmirror.com.ph/2020/10/06/credit-card-holders-urged-to-maintain-good-standing/ Credit-card holders are urged to maintain a good credit standing even during the community quarantine to ensure financing after the economic and health crisis. The Credit Card Association of the Philippines (CCAP) said in a statement on Tuesday that some clients may need their credit cards ...
Publication: Manila Times Publication Date: October 7, 2020 www.manilatimes.net/2020/10/07/business/credit-card-billings-fell-27-in-h1/777322/ Credit card billings declined by double digits in the first half of the year on the back of coronavirus-related lockdowns, according to an industry group. In a statement on Tuesday, the Credit Card Association of the Philippines (CCAP) said credit card usage also slumped in the ...
Publication: Philippine Star Publication Date: October 7, 2020 www.philstar.com/business/2020/10/07/2047656/credit-card-billings-plunge-27-h MANILA, Philippines — Credit card billings plunged by 27 percent in the first semester as usage slumped amid the coronavirus pandemic. Alex Ilagan, executive director of the Credit Card Association of the Philippines (CCAP), said “the high unemployment rate, as well as the loss of livelihood ...
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