Fintech News Philippines
Tonik Strengthens Finastra Partnership as It Surpasses 1 Million Users
Philippines’ digital bank Tonik announced that it has renewed its partnership with financial services software and cloud solutions provider Finastra.
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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast
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Salmon Rolls Out BNPL Service With Built-in QR PH Payment Options
Philippines-based fintech Salmon announced the launch of Salmon Credit, its first credit line product with built-in QR Ph payment options.
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RCBC ATM Go Records PHP 7.5 Billion in Transactions
Rizal Commercial Banking Corporation’s (RCBC) community-based financial service ATM Go recorded PHP 7.5 billion (US$ 132.1 million) in transactions. The
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UnionBank to Roll Out In-App Bitcoin Trading for Users in Q4 2023
UnionBank of the Philippines is set to launch Bitcoin trading on its mobile app in the fourth quarter of 2023,
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Inside the Digital Transformation Strategy of Historic PBCOM
The Philippine Bank of Communications (PBCOM) started operations as an overseas branch of the Chinese Bank of Communications, one of
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Cross-Border Payments Startup Parallax Raises US$4.5M Seed Round
Cross border payments company Parallax announced that it has raised US$4.5 million in a seed funding round led by Dragonfly
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Akulaku Taps Netbank to Expand Its Loan Offering in the Philippines
Netbank, a Filipino embedded finance platform, has partnered with Indonesian fintech unicorn Akulaku to offer affordable and convenient loans to
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SEC Allows Crowdfunding Portals to Act as Registrars of Qualified Buyers
The Philippines’ Securities and Exchange Commission (SEC) has allowed crowdfunding portals to act as registrars of qualified institutional and individual
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STACS to Facilitate ESG Data Reporting for Businesses in the Philippines
The Philippine Dealing System Holdings (PDS Group) has partnered with STACS, an ESG data and technology solutions company, to use
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Globe and bolttech Offer New Device Protection Programme
Philippines telecoms service provider Globe and insurtech bolttech have launched a new programme that allows the former’s postpaid and platinum
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BSP Picks Hyperledger Fabric for CBDC Pilot Project
The Bangko Sentral ng Pilipinas (BSP) has selected Hyperledger Fabric as the distributed ledger technology (DLT) for its wholesale Central
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GCash Took Down Over 4 Million Accounts Linked to Fraudulent Activities
Philippines e-wallet GCash has removed more than 4 million accounts linked to fraudulent activities in 18 months, according to a
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BSP, Philippines Embassy in Riyadh Team Up to Promote Islamic Banking
The Bangko Sentral ng Pilipinas (BSP) has joined forces with its embassy in Riyadh, Kingdom of Saudi Arabia to develop
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SEC Aims to Enhance Sustainability Reporting for PLCs
The Philippines’ Securities and Exchange Commission (SEC) is drafting revised guidelines for sustainability reporting by publicly listed companies (PLCs). The
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Fuse Lending and GCash Partner to Offer Nano Loans to Filipinos
Philippines e-wallet GCash its credit affiliate Fuse Lending, a consumer and business lending marketplace, have rolled out ‘GCash Sakto Loans’.
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Four E-Wallets Now Accepted in the Philippines Through Alipay+
Ant Group, the operator of Alipay+, has announced that four mobile wallets are now accepted in the Philippine; AlipayHK (Hong
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GCash Will Soon Charge PHP 5 Fee for BPI, UnionBank Cash-Ins
Philippines e-wallet GCash will start charging a PHP5 convenience fee for every cash-in transaction from Bank of the Philippine Islands
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Salmon Expands Physical and Online Loan Repayment Options
Philippines’ consumer fintech Salmon has made it easier for its customers to repay their loans. Salmon launched repayment channels with
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5 Startup Accelerators and Incubators in the Philippines to Know
The fintech industry in the Philippines has witnessed significant growth and development in recent years, driven by a combination of
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Salmon’s Super–Charged Journey in AI-Enabled Consumer Lending
Manila-based fintech Salmon has grown rapidly in its first year of operations. From launching its first point-of-sale lending product four
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Top 13 Upcoming Online and In-Person Fintech Events in the Philippines
In Southeast Asia, the Philippines is emerging as a hub for fintech innovation, fueled by growing consumer adoption of digital
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Huawei Cloud Finance Summit Philippines 2023 to Explore the Future of Finance
The Huawei Cloud Finance Summit Philippines 2023 is set to bridge the gap between traditional banks, fintech companies, and software
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GCash to Waive QRPh Transaction Fees for Micro-Merchants Until End of 2023
Philippines’ mobile wallet GCash will be waiving the QRPh transaction fees or merchant discount rates (MDRs) for micro-merchants using the
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3 Ways the Philippines is Navigating the Future of Its Digital Economy
Held at the Shangri-La The Fort in Taguig City, Philippines from 7th to 8th August 2023, the INDX 3 Summit
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BSP Retains Cap on Credit Card Transactions at 3% per Month
The Bangko Sentral ng Pilipinas (BSP) will be retaining the cap on credit card transactions at 3% per month or
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INDX3.0 Puts Spotlight on Financial Inclusion for Equitable Growth in the Philippines
Financial inclusion has increasingly gained recognition as a pivotal driver of economic development, fostering empowerment and equitable national growth. It
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IMF Cautions Against CBDC Risk Posed to Banks in the Philippines
Felipe M Medalla, former Governor of Bangko Sentral ng Pilipinas (BSP), earlier this year stated that the central bank of
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Cebuana Lhuillier to Expand User Base to 11 Million in 5 Years with Temenos
Philippines rural bank Cebuana Lhuillier will be modernising its core banking platform through a partnership with banking software company Temenos.
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BSP Joins UN-Backed Principles for Responsible Investment
The Bangko Sentral ng Pilipinas (BSP) announced that it has joined the United Nations-supported Principles for Responsible Investment (PRI). Developed
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Fintech Report Philippines 2020: Mapping out the Fintech Philippines Ecosystem
The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap
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A Glance at the Philippines’ Open Banking Strategy
Open banking is at the core of enabling innovation within the financial sector, while the private sector often rolls out
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Philippines Approves 3 More Crypto Exchanges Amid Soaring Bitcoin Prices
Bangko Sentral ng Pilipinas has green-lit another 3 cryptocurrency exchanges to operate in the Philippines. The new licensed firms include
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RCBC’s Diskartech Tops Google Play’s Free Finance Apps, Surpassing Gcash and PayMaya
DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank has claimed the top spot among free finance apps in Google Play
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Dubai-Based RAKBANK, BDO and Ripple Teams up for Remittance to the Philippines
Dubai-based bank RAKBANK recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal
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Philippine Banks ATM Fees Compared
Bank of the Philippine Islands (BPI), Banco de Oro (BDO), Rizal Commercial Banking Corporation (RCBC), Metrobank and the Philippine National
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Signet Launches Flint a Real Estate Crowdfunding Platform for the Philippines
Signet Properties officially launches Flint, a tech-enabled real estate crowdfunding platform in the Philippines. Co-presented by SeedIn Technology and RE/MAX
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Philippines’ Regulators Issues New Crowdfunding Rules
Philippines’ regulator, Securities and Exchange Commission (SEC) has released its rules and regulations on crowdfunding as its way of providing
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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.
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Mobile Wallet GCash Leads in Filipino Market
With more than 5 million downloads from Google Play, GCash is not only one of the Philippines most popular mobile
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BSP Monetary Board Grants RCBC Approval Distribute COVID-19 Relief Fund
The Bangko Sentral ng Pilipinas (BSP) granted authority to Rizal Commercial Banking Corp. (RCBC) to accept government funds to assist
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Top 7 Fintech Startups in the Philippines for 2020
Last year, Manila was named one of the world’s friendliest cities in the world for fintech startups, and was recognized
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There Are 41 Crypto Businesses Licensed in Philippines Right Now
Philippines has been taking active steps recently to reform its regulation in efforts to position itself a crypto friendly regime
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Philippines Cracks Down on Online Lenders
Philippines’ Securities and Exchange Commission issued a statement prohibiting another batch of 13 online lending operators from further engaging in
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CIMB Philippines to Power GCash’s Digital Micro-Lending Facility, GCredit
Mobile money wallet GCash is transitioning from a micro-lending innovation to being a full digital lending facility through the GCredit
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RCBC Named Best Digital Bank in Philippines
The Rizal Commercial Banking Corporation (RCBC) was recognized yesterday as the “Best Digital Bank in the Philippines” by a Hong
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15 New Philippine Fintech Startups to Watch out for in 2019
Financial technology continues to bring exciting times ahead in the Philippines with the ever-growing emergence of new fintech players that
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Grab Launches a Fully Digital GrabPay Card in Philippines
Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard
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Fintech Philippines Report 2022 Highlights the Rise of Crypto and Advent of Digibanks
In the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalization, a favorable regulatory landscape,
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Top 16 Fintech Events in the Philippines to Attend in 2020
With a population of over 100 million people and rising Internet and mobile penetration rates, the Philippines is poised to
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Philippines’ Fintech Industry Group Drives Cashless Initiative Amidst COVID-19 Outbreak
Amidst the current contagion of potential pandemic proportions, the Philippines has reported a series of confirmed COVID-19 cases in the
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