AGP Executive Report
Last update: 12 hours agoDigital Payments Cuts: GCash and Maya cut InstaPay transfer fees to P10 from P15, following a BSP directive that took effect July 4, while BPI and RCBC also moved to waive or reduce transfer charges. Co-op Banking Push: India’s RBI-linked officials urged Urban Cooperative Banks to modernize and grow as UCBs lag overall banking growth; a ministry study found 1,559 towns still lack a UCB under the “One UCB Per Town” push. Cybersecurity Drive: UCB leaders were told to speed up API integration with I4C/UNCP to detect and block cyber fraud in real time. UK Retail Banking Rebrand: Lloyds Banking Group will phase out the Halifax brand in Swindon and Trowbridge, transferring customers to Lloyds accounts. Remittance Policy Shock: Pakistan banks voiced disappointment after SBP ended remittance incentive schemes, saying costs may shift back to lenders. Mortgage Support in Venezuela: Delcy Rodríguez urged public and private banks to activate mortgage portfolios with up to 80% subsidy and exempt certain fees and taxes. Islamic Banking Trust: Bahrain and Bangladesh coverage highlighted calls for stronger Shariah compliance and governance to restore confidence. Gold Reserves: World Gold Council data showed central banks added 41 tonnes in May, led by Poland and China.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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