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MUFG Manila starts universal banking operations
The Philippine Star Sep 11, 2026

MUFG Manila starts universal banking operations

MANILA, Philippines — MUFG Bank Ltd.’s Manila branch began operating as a universal bank on Sept. 1 following an upgrade of its banking license approved by the Bangko Sentral ng Pilipinas (BSP).

By The Philippine Star Read ↗
Bad loans up amid continuing consumer strain
Philippine Daily Inquirer Sep 11, 2026

Bad loans up amid continuing consumer strain

MANILA, Philippines — The share of bad loans on Philippine banks’ lending books rose in July, as more borrowers fell behind on credit card and motor vehicle payments amid persistently high inflation.

By Philippine Daily Inquirer Read ↗
UPI now dominates merchant payments: Are cards becoming less useful?
The Times of India Sep 11, 2026

UPI now dominates merchant payments: Are cards becoming less useful?

UPI now dominates Indian merchant payments, significantly reducing card usage. Debit cards are primarily used for cash withdrawals, not shopping. Credit cards are specializing in larger purchases and e-commerce transactions. RuPay credit cards can now link directly to UPI apps. T...

By YASHASVI VASISTHA Read ↗
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