Our archives on Bangko Sentral Ng Pilipinas

Central banks worldwide increasingly recognise the benefits of wholesale central bank digital currencies (wCBDCs) in making remittances and other cross-border transactions cheaper, faster and safer. Pilot projects set in motion seek to identify opportunities and risks as well as explore the possibility of having shared infrastructure to automate cross-border payments, foreign exchange and settlements.

GCash has evolved from a payments platform into a bank-like lender, with a loan book and profitability exceeding those of the Philippines’ licensed digital banks. Lending now drives growth, but rising credit losses pose a growing challenge to profitability. Without a bank’s deposit base or banking regulatory framework, GCash’s model combines competitive advantages with structural risks.

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