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Philippine Marketing Association

CCAP Partners with Collectius

In line with its objective to protect the credit card consumers, CCAP partnered with Collectius, a debt management company. Since credit card issuers sell their delinquent loan portfolios to 3rd party debt collectors ,CCAP wants to ensure that cardholders who pay off their debt are properly documented. To make this possible, CCAP partnered with Collectius ...

#CREDITREADY: REBUILDING YOUR CREDIT HISTORY AND THE BASICS OF BUSINESS LOAN

Join CIC, your #PHCreditRegistry and repository of credit information, in its second CIC Academy webinar series this 28 April in celebration of the Credit Consciousness Week. Our speakers from CIC, Philippine Finance Association (PFA), and Bank of the Philippine Islands (BPI), will the share with you the basics of a business loan and how your ...

Philippine Marketing Association

SIM registration act to reduce credit card fraud: Industry group

MANILA – 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 ...

Bad debts of credit card issuers ease in July

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 ...

Credit card issuers see strong growth, lower delinquency rate

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 ...

Watch out for new credit card scams

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 ...

Philippine Marketing Association

CCAP calls for tighter measures against SIM swap fraud

The Credit Card Association of the Philippines (CCAP) has put the pressure on the telecommunication sector, its regulators and lawmakers to apply, execute and enact effective measures to stop credit card fraud through SIM card swap. CCAP said on Thursday, Jan. 6, that it has reached out to major telco players such as Ayala Group’s ...

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 ...

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