News & Media

CCAP at 41: Helping drive agenda toward cash-lite Philippines

As it celebrates over four decades of existence, the Credit Card Association of the Philippines (CCAP) provides Filipinos with better access to credit cards. This complements the goal of the Bangko Sentral ng Pilipinas (BSP) to transform the country from a cash-heavy to a cash-lite economy. MANILA, Philippines — Cash is no longer king as ...

Philippine Marketing Association

Credit card issuers see more challenges

MANILA, Philippines — Credit card issuers expect delinquency rate to be more challenging despite a lower default rate in the second quarter,  according to the Credit Card Association of the Philippines (CCAP). Alex Ilagan, executive director at CCAP, told The STAR delinquency rate of the credit card industry improved to 6.1 percent in end-June from ...

As cyberattacks rise, remote workers advised to invest in security

Working from home keeps you safe from the virus…pero safe ka ba sa mga fraudsters? According to Bangko Sentral ng Pilipinas (BSP), 13% (out of 20,000) ng mga concerns na kanilang natanggap noong 2020 ay related sa fraudulence, unauthorized transactions involving deposits, at iba pang mga online services! Protect yourself! Check out these common types ...

Learn Ways On How You Can Protect Yourself From Credit Card Fraud

Dahil sa pandemic and lockdown restrictions, nagbago ang lifestyle nating lahat at marami na ang lumipat sa online shopping. From groceries, plants, and motorcycles, halos lahat ng bagay ay pwede ng mabili online! Pero tandaan, this type of convenience presents a potential risk. Be one step ahead! Read the different types of fraudsters at alamin ...

Philippine Marketing Association

It’s sale season! Here are ways you can protect yourself from credit card fraud

From budgeting our expenses to impulse buys, naging buwan buwan na ang ating pagsh-shopping dahil sa mga monthly promos and sales! Alam mo ba na one of the most used words in the e-commerce space is “budol”? Nakakatuwa nga sa una until the real “mangbu-budol” comes! Don’t let these fraudsters get in your way of ...

Credit card industry group shares tips on how to avoid fraud

Napansin mo ba ang pagtaas ng mga cashless transactions at online payments lately? Ito ay dahil sa pagbabago ng ating spending habits as consumers na unti-unting inaadapt na ng bansa! Although considered as progress ang adjustment na ‘to, di natin maiiwasang maconcern sa ating security at data privacy. Ngayong pandemic pa lamang, tumaas na hanggang ...

Credit card firms back fee cap but flag earnings risk

Publication: 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 ...

Credit card holders urged to maintain good standing

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 ...

Philippine Marketing Association

Credit card billings fell 27% in H1

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 ...

Credit card billings plunge 27% in H1

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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