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Read MoreTHE CREDIT CARD Association of the Philippines (CCAP) is launching an awareness campaign simplifying credit card terminologies to help improve financial literacy. The campaign is meant to “bridge the gap between regulatory language and everyday understanding,” CCAP said in a statement on Monday. “This initiative aims to ensure that credit cardholders can easily grasp the essential ...
MANILA, Philippines – More Filipinos have credit cards now than ever before. As of March 2024, there were more than 13.9 million cards in force across the Philippines based on the Credit Card Association of the Philippines’ (CCAP) 1st quarter survey. This was 2.1 million cards (17.8%) more than the same period last year, CCAP ...
AS more Filipinos shift to digital payments, fraudulent credit card activities have been on the rise since the start of the pandemic in 2020. Credit Card Association of the Philippines (CCAP) said on Tuesday that fraud cases in remote and other digital payment channels involving credit cards have “significantly increased” in the Philippines. “With the ...
The Credit Card Association of the Philippines (CCAP) sees sustained growth in receivables and billings as more and more consumers rely on credit cards to extend their purchasing power. Alex Ilagan, executive director of CCAP, told The STAR that credit card receivables jumped by 30 percent in the first quarter from the same period a ...
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