Fintech News Philippines

Fintech Alliance.PH Urges Enactment of Corporate Tax Incentives Bill

The Fintech Alliance.PH together with 43 other private business groups in the Philippines have expressed support for the Corporate Recovery

Read More

CIMB Philippines Doubles Customer Base to Over 3 Million

CIMB Bank Philippines had doubled its deposit customer base to exceed 3 million total banking customers with an 800% increase

Read More

DiskarTech Ranked as the Most Downloaded Finance App in 2020

DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank, has emerged as the Philippines’ number one finance app released in 2020

Read More

FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring

UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and

Read More

GCash Inches Closer to Unicorn Status With $175 Million Capital Raise

Globe Fintech Innovations, Inc. (Mynt), the fintech arm of Globe Telecom and operator of e-wallet GCash, raised over $175 million

Read More

GCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020

Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year

Read More

Plans for the Launch of Philippines Fintech Sandbox Are Underway

The two Philippines fintech groups, Fintech Alliance.PH and Fintech Philippines Association, announce plans to collaborate on the launch of the

Read More

Year End Message to Our Readers – Offline from 24th December to the 3rd January

Fintech News Philippines would like to take this opportunity to wish all our readers a Merry Christmas and a very

Read More

Provenir Links up With FinScore for AI-Powered Credit Decisioning

Provenir, risk decisioning and data analytics software provider, announced a new data integration partnership with FinScore, an alternative credit scoring

Read More

RCBC Becomes the Latest Addition to the ASEAN Financial Innovation Network

The ASEAN Financial Innovation Network (AFIN) has announced the inclusion of Rizal Commercial Banking Corporation (RCBC) among the four new

Read More

DigiBankASIA Taps Backbase for Its Prospective Digital Bank UNO

Backbase, a banking software provider, has been selected by DigiBankASIA to offer its full-stack digital engagement banking platform solution for

Read More

BillEase Integrates Buy Now, Pay Later Solution With Leading E-Commerce Platforms

Philippines startup First Digital Finance Corporation (FDFC), announced its partnership with prominent e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to

Read More

UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion

UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a

Read More

Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems

Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up

Read More

Labor Department and RCBC to Disburse Funds for Displaced Filipino Workers

Rizal Commercial Banking Corporation (RCBC) and the Department of Labor and Employment (DOLE) will collaborate for an efficient and quick

Read More

JazzyPay and GCash to Provide Cashless Payment Option for Essential Businesses

Philippine fintech startup JazzyPay has partnered with e-wallet GCash to provide cashless payment solutions to essential businesses. The GCash payment facility

Read More

20 Top Emerging Digital Finance Players to Watch in the Philippines

Though in the Philippines fintech is still in the infancy stage, adoption of digital financial services is on the rise.

Read More

8 Top Funded Fintech Startups in the Philippines 2020

The Philippines is home to a striving fintech industry comprising more than 190 ventures operating in lending, payments, credit scoring,

Read More

Philippines Is The Latest to Approve a Digital Banking Framework

​The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from

Read More

Digibank Tonik Selects CRIF for Automation of Its Loan Origination Processes

tonik, the Philippines’ digital-only neobank, announced its collaboration with solutions provider CRIF for the automation of its loan origination and collection

Read More

GCash Pushes Its Way to the Top of Local App Rankings

Philippine mobile money wallet GCash was among the top apps in terms of active users from January to September 2020

Read More

Phoenix Petroleum Expands Contactless Payment Offering to Over 200 Stations

Home-grown oil company Phoenix Petroleum Philippines has expanded its contactless payment service to more than 200 of its gas stations

Read More

SEC Urges the Central Bank to Consider Capping Consumer and Payday Loans Next

The Securities and Exchange Commission (SEC) has hailed the central bank’s move to cap charges on credit card transactions, raising

Read More

BSP to Impose Annual Cap of 24% on Credit Card Interest Rates

The Bangko Sentral ng Pilipinas (BSP) has imposed an interest rate cap of 2% a month or 24% annually starting

Read More

JazzyPay Partners With BPI for Secure Online Payments to Merchants

JazzyPay, a local fintech company, announced its partnership with the Bank of the Philippine Islands (BPI) enabling Filipinos to make

Read More

Fintech Alliance.ph Supports the Philippines Government’s Shared Prosperity Initiative

Fintech Alliance.ph joins 25 members from the Philippine Business Groups (PBS) to organise a convocation in support of the government’s

Read More

PayMongo and Vesta Join Forces to Secure Digital Payments

PayMongo, a Manila-based online payment processing platform, announced its partnership with Vesta, a fintech focused on fraud detection for e-commerce

Read More

Redefining Finance for Good: COVID-19, a Catalyst for Inclusive Digital Finance

The current COVID-19 health crisis is unprecedented in its scope, impacting all countries and the world’s economy at large. In

Read More

Improved Financial Inclusion Key to Philippines’ Economic Recovery

Bangko Sentral ng Pilipinas’ (BSP) Governor Benjamin Diokno indicated that improving the financial inclusion landscape can aid in the recovery

Read More

Quezon City’s Public Market Embraces Digital Payments With DiskarTech App

Most of the Litex Market’s vendors at Commonwealth Avenue, Quezon City seem to have embraced digital payments with the aid

Read More