#financial regulator

The initiative supports the government’s goal of expanding digital financial services and building a more cash-lite economy in public markets and small businesses. The CIMB Bank is offering PHP 10,000 financial assistance to customers who have contracted the COVID-19 virus. To qualify for the financial aid, customers must be a CIMB Savings or Cash account holder. Once qualified, interested parties may claim their PHP 10,000 financial aid by sending these documents to [email protected]: Valid Medical Slip including the patient's full name confirming that the patient has COVID-19 The mobile number and email address registered to the patient's CIMB Deposit Account. The financial aid will be credited to the patient's CIMB Savings account or GSave account within three business days. CIMB's financial aid for COVID-19 will be available to CIMB bank account holders starting March 20 to June 2020. 1238, which updates the National Retail Payment System Framework and the Regulatory Framework for Merchant Payment Acceptance Activities. Under the new rules, BSP-supervised financial institutions (BSFIs) must adopt pricing mechanisms that are reasonable, fair, and based on market conditions. Read more in our articles including "SEC issues cease and desist order vs XM Group" and "Pasig Mega Market gets Starlink internet for cashless payments".