Fintech News Philippines

Mambu Says 33 Million Filipinos With Digital Wallets Remain Formally Unbanked

A recent study of 2,000 global consumers by Mambu, the market-leading banking and financial services platform, revealed that both banked

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Unionbank Becomes the Fourth Bank To Receive Philippines Digital Banking License

The Union Bank of the Philippines, which is part of a conglomerate led by Aboitiz Equity Ventures, is set to

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Netbank Partners Three Alternative Lenders to Expand Its Lending Operations

Philippines neobank Netbank has formed partnerships with 3 alternative lenders; Global Mobility Services (GMS), New Cross Credit Gate PH Inc.

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RCBC’s ATM Go Rolls Out Cardless Withdrawal for Mobile POS Terminals

Rizal Commercial Banking Corporation’s (RCBC) ATM Go has enabled cardless withdrawal for mobile point-of-sale terminals (mPOS) as part of its

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Netbank Ties up With Indonesia’s Investree of Offer SME Loans to Filipinos

Banking as a service platform Netbank has partnered with Indonesian SME lender Investree to expand loan offerings to SMEs in

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The Philippine Stock Exchange Wants To Offer Crypto Trading

The Philippine Stock Exchange (PSE) is awaiting a nod from regulators to start cryptocurrency trading, CNN has reported. PSE President

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RCBC to Set Up Digital Bank Following US$ 90.5 Million Investment by Japan’s SMBC

The Sumitomo Mitsui Financial Group (SMBC), a Japanese multinational banking and financial services institution, announced that it is set to

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PayMaya Raises $167m from PLDT, Tencent and IFC; Eyes Digital Banking License

Philippines digital and financial services firm Voyager Innovations announced that it raised US$167 million through its financial technology arm, PayMaya

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Neobank Netbank Joins the Mastercard Fintech Express to Become a Card Issuer

Netbank announced that it will join the Mastercard Fintech Express programme which gives it access to a vast range of

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RCBC Rolls Out Open Banking Partnership With the Rural Bankers Association

The Rizal Commercial Banking Corporation (RCBC) has rolled out an enabling digitalisation initiative with a new partnership with the Rural

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Philippines Central Bank Cracks Down on Entities Posing as Digital Banks

The Bangko Sentral ng Pilipinas (BSP) has issued a circular to put a stop to any entities that are misrepresenting

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Philippines Central Bank BSP Issues Digital Bank License to UNObank

The Bangko Sentral ng Pilipinas (BSP) has granted the third digital bank license to Singapore headquartered fintech DigibankASIA, one of

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Neobank Tonik Secures Digital Banking License

Neobank Tonik announced that it has secured a digital bank license from the Bangko Sentral ng Pilipinas (BSP) as it

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RCBC’s Diskartech App Emerges as Filipinos’ Preferred Disbursement Platform

Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech is gaining ground as a preferred disbursement platform of Filipinos

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Intellicare Taps Unionbank to Open Digital ePaycard Accounts for Affiliated Doctors

Philippines’ health maintenance organisation (HMO) Asalus Corporation which operates under the trade name Intellicare, partnered with Union Bank of the

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Neobank Netbank Officially Kicks Off With a Rural Banking License

Netbank, a banking as a service platform in the Philippines, has been launched by an experienced team of international and

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Philippines Fintech Groups Pilots the Fintech Industry Sandbox

The Fintech Alliance.PH and Fintech Philippines Association (FPH) introduced the Philippines Fintech Industry Sandbox pilot which was first announced during

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EastWest’s Digital Bank Komo Taps Brankas for Instant in-App Deposits

Komo, a digital banking service created by EastWest Bank, has partnered with open banking solution provider Brankas to enable instant

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RCBC Reports Exponential Surge in Contactless Payments in the Past Year

Rizal Commercial Banking Corporation (RCBC) announced that it witnessed massive growth in its digital payments volume in the past year.

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UnionBank to Fully Migrate to AWS’ Cloud by 2022

Amazon Web Services (AWS), an Amazon.com company, announced that the Union Bank of the Philippines will migrate its IT infrastructure

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Nearly 1 Million Filipinos Signed up Online for National ID via Digital Registration

More than 800,000 have already signed up for the Philippine Identification System (PhilSys) via digital registration, according to the Philippine

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LANDBANK Unveils Digital Onboarding for Account Opening via Mobile App

The Land Bank of the Philippines (LANDBANK) has rolled out digital onboarding for its customers to enable them to open

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BSP Deputy Governor: Digital Bank License a Game Changer for Financial Inclusion

As the Philippines begins awarding its first digital banking licenses, incumbents are gearing up for a new era in banking,

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Neobank Tonik Bags US$17 Million in Pre-Series B Funding Round Backed by Sequoia

Philippines neobank Tonik announced that it has raised US$17 million in a Pre-Series B funding round. The round comes on

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Australian BNPL Firm Zip Drives Expansion in South East Asia With Investment in TendoPay

Australian Buy Now, Pay Later (BNPL) company Zip Co has furthered its global expansion, announcing a strategic investment in TendoPay,

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PayMaya Emerges as the First Fintech to Integrate the QR Ph Payment Option

PayMaya, a mobile wallet under the purview of PLDT, has become the first fintech company to adopt QR Ph for

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PBCOM Leverages Temenos’ Cloud Solution to Offer Digital-First Banking Services

Philippine Bank of Communications (PBCOM) has gone live with Temenos Transact, a core banking Software-as-a-Service (SaaS) solution, to offer digital-first

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Latvian Fintech VIA SMS Enters Philippines Market Through Investment in VAMO.ph

Latvian fintech VIA SMS Group continues to expand its presence in Asia-Pacific by investing in the development of consumer lending

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Filipino Businesses Increase Investment in Digital Experiences, Customer Analytics

Businesses in the Philippines are investing in user-friendly digital experiences and improving customer analytics as they perceive customer experience and

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Neobank Tonik Taps PESONet to Secure Digital Payments

Philippines neobank Tonik announced that it has tied up with PESONet to enable safe and secure electronic fund transfers to

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