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Read MoreMANILA – The enactment of the SIM registration law will help curb credit card fraud and boost digitalization in the country, the Credit Card Association of the Philippines (CCAP) said on Monday. President Ferdinand Bongbong Marcos Jr earlier signed Republic Act No. 11934 or the SIM Registration Act, which was expected to address SMS-linked and other types ...
MANILA, Philippines — The soured loans of credit card issuers improved to 5.7 percent in end-July after peaking at 10.1 percent during the height of the COVID lockdowns in November 2020, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said during the virtual celebration of the 42nd anniversary of the Credit Card ...
Maria Magdalena Surtida, president of the Credit Card Association of the Philippines (CCAP), told The STAR that receivables of credit card issuers jumped by 18.5 percent in the second quarter from a year ago. MANILA, Philippines — Credit card issuers expect sustained growth in receivables and lower delinquency rate as the country continues to recover ...
Fraudulent credit card activities via remote and other digital payment channels have increased by 21 percent in the Philippines since the COVID-19 pandemic erupted as customers shifted to remote and other digital payments to deal with mobility restrictions, according to Credit Card Association of the Philippines (CCAP). CCAP, comprising the country’s 18 major credit card ...
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