The ruling puts the consequences of such serious banking errors on the bank rather than the depositor.
The country’s sovereign wealth fund says its investments helped grow assets to ₱79 billion while generating returns for the government.
Questions arise over convenience fees charged on in-person e-wallet payments at government offices.
The telco obtained fresh financing as data-related investments continue to account for most of its capital spending.
Users speculate after the app’s free transfer counter disappears, fueling hopes the digital bank will remove transfer limits.
