Mobile number is one of your special keys to recover your online banking accounts, e-wallets, lending apps, and even all your social media accounts where your cellphone number was connected. In the recent year, the mobile number registration was implemented, which means your personal identity is now linked to your mobile number, and all of the registration was done on the telecommunications portals themselves. So, losing your mobile number is not just simple but really a big deal. Not just for recovering your social media accounts, bank accounts online, or even in e-wallets, but also a worry of losing your security. Though in case you have lost your mobile in any case of losing it through theft, misplacement, or defect, always call the telecommunication company of your number and report the incident for blocking or holding your number for any possible transactions that may use the number. After you have been reporting, you can request a number recovery or SIM replacement on your lost S...

  The Philippines Central Bank is ready to add 4 digital banks in addition to the previous 6 digital banks licensed to operate. On January 1, 2025, the application was started for the new digital bank's application, where some applicants are foreign banks. The digital bank is a virtual service of banks, the same as physical banks but with no physical branches. They have a single branch located in a country to accept walk-ins or to do their daily business paper operations. Banks help thousands of businesses all over the country by providing them with financial services such as loans to fund their businesses and other banking services to make their financial transactions easier. Digital banks so far provide billions of pesos to businesses and individuals. Many businesses expanded through the help of banks, and they have become successful, and more individuals have granted their dream businesses with the help of digital banking. It is so easy for anyone to apply for a business loan an...

Digital banks are a new legal and formal category of banks in the Philippines since 2020, when Banko Sentral ng Pilipinas opened the application of digital banks in the Philippines. The Digital Banks are no physical branches; all of their transactions will process online using their mobile application. Receipts, queries, and other banking transactions will be done through an end-to-end electronic portal.   Here is the list of BSP-licensed digital banks in the Philippines: 1. Maya Bank, Inc. Maya (formerly Paymaya) is the number 1 bank in the Philippines in terms of users and assets. They offer a high interest rate on your savings, revolving credit limit, personal loan, top-up, crypto, bill payment, investing, and other banking services. Website : https://maya.ph Email : support@maya.ph Hotline : (+632) 8845-7788 Address : 6/F Launchpad Center, TV5 Media Center Complex, Reliance corner Sheridan Streets, Barangay Buayang Bato, Mandaluyong, Metro Manila, Philippines   2. UnionDig...

Landbank, the state-owned bank, launched a new loan offer for all eligible government employees and pensioners. This is to help government employees in times of emergency expenses and other urgent financial requirements. The Pension and Emergency Relief (PeER) loan facility offers from 20,000 pesos up to 100,000 pesos. Landbank will add a 10% per year interest rate to your loan. Which is lower than other emergency loans offered by the financial sector like 5-6, OLA's, and e-wallets.   All interested individuals are encouraged to visit any Landbank branches nationwide and/or call the Landbank hotline number to help in facilitating the offer.   On the report of Abante, the House Committee on Labor and Employment chairperson at Rizal Rep. Fidel Nograles said, "Maganda po ang bagong loan program na ito upang may legal na malalapitan ang ating mga kawani ng pamahalaan at pensiyonado sa halip na lumapit sa mga nagpapa-'5-6'.”   Nograles believes that PeER will h...

The Bitcoin is the first virtual cryptocurrency released on January 3, 2009, by an unknown individual or group of developers who used the pseudonym Satoshi Nakamoto. Bitcoin is the pioneering of blockchain technology—the backbone of all cryptocurrency. Blockchain is the enter-connected nodes where all users have their own copy of transactions between the network. The nodes are a self-verifier of each transaction in every second to the entire chain—so called the ledger. However, Bitcoin is a decentralized virtual currency, which means it is not regulated by any states, and it was established by the private sector. Like the other cryptocurrency, it was launched and developed through public demand, aiming to make dependents not controlled by any government or state. In the nature of cryptocurrency, the public uses it as regular currency as pay for gigs, suspectedly used for illegal payment transactions and money laundering. Due to its high demand for virtual currency, Bitcoin, altcoins, ...

The Banko Sentral ng Pilipinas (BSP) published article announcement, said its testing phase to Project Agila, a pilot project for Central Bank Digital Currency has completed. The project initiative aim to enhance the efficiency and resilience of national payment system as statement by the BSP Governor Eli M. Remolona. The leveraging of new technologies will help to enhance the capacity of financial firms in the Philippines of doing daily business transactions even holiday or during weekend. These transactions can safely be supported by open-source distributed ledger technology through the Oracle Cloud Infrastructure according to the published article. “Wholesale CBDCs are expected to enhance liquidity management, reduce settlement risks, and support financial stability,” BSP Governor Eli M. Remolona, Jr. said. The CBDC is a digital form of Philippines money denomination and under the liabilities and control of the central bank. For the large transaction companies, financia...

Landbank of the Philippines, a state bank, launched an enhanced loan program for farmers, fishermen, agribusiness, and agriculture graduates. This lending program aims to make financing easy and accessible for farmers. In the last article titled " Resilient way for Philippines Government to address Financial Support to Farmers " we shared farmers's experiences on how they tag-of-war on the price of commodities they had produced to the informal financial providers. We also mentioned that the "significant financial problem faced by farmers in agriculture is the limited access to formal credit and insurance services." This is also based on a related study in India.  The state bank wants financing services more accessible to farmers at a low interest rate and minimal requirements. The small farmers and fishermen, agrarian reform beneficiaries (ARBs), and micro, small, and medium enterprises (MSMEs) are those target clients to benefit from the offer of ...

President Marcos Jr. encouraged fishermen and farmers to enroll their farms in the Department of Agriculture's (DA) extensive insurance program during his speech on Friday at the distribution of Certificates of Land Ownership Award (CLOAs) and Certificates of Condonation with Release of Mortgage (COCROMs) in Isabela. The program was issued under the Philippine Crop Insurance Corporation and covers all types of crop production, livestock, and fisheries. "Ito pong insurance na ito sa mga pananim o kagamitan sa pangingisda ay napakahalaga, lalung-lalo na sa mga rehiyon na madalas tamaan ng bagyo o kalamidad,” President Marcos Jr. emphasizes the provision that farmers can get from the program on the report of PCO . The PCIC insurance programs are greater behind the crops, livestock, and equipment because they also offer Credit and Life Term Insurance. This offer gives protection to agricultural producers, fishermen, and other agricultural stakeholders, including their family memb...

Cashmum is one of the online lending applications in the Google Play Store that offers non-collateral loans. They will give you a fascinating, smooth deal with your approved loan. However, same with our reviews from other OLAs (online lending apps), non-collateral and fast-approvable loans offered by the lenders online have a counter return to their clients, such as the high interest fee, processing fee that is greater than the interest, and other miscellaneous. Cashmum App and cashmum.ph are operated by Cashmum Lending Investors Corporation with issued Company SEC registration number CS202102336 on February 26, 2021. In the Google Play as of November 22, 2024, the CashMum application has 10,000+ downloads and 42 reviews at 2.6 ratings, which is poorer to recommend. Let's dig deeper into the reality of this online lending app.   Is Cashmum legit or not?  Don't worry, Cashmum is a legitimate online lending application because they are a SEC-registered company wit...