Fintech News Philippines
TOP PICKS OF THE WEEK
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
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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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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,
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Phillippines’ Digital Banking Framework to Trigger Wave of Innovation for the Unbanked
In the Philippines, the upcoming digital banking framework will trigger a wave of innovation and help address financial exclusion, experts
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FICO Survey Reveals Banks in Philippines Struggling With Digital Identity Authentication
FICO, a global analytics software firm, has released its Identity in Digital Banking Survey, which found that the complexity and
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MoneyGram and PayMaya Ties Up for Real-Time Payments Using Visa Direct
MoneyGram, a provider of cross-border P2P payments and money transfers, announced a partnership with PayMaya Philippines to enable real-time payments
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Grab Philippines Appoints Grace Vera Cruz as Its Country Head
Grab, South East Asian ride-hailing app, announced the appointment of Grace Vera Cruz as Country Head for Grab Philippines. Grace
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Meet the 5 Startups Selected for ING and UNICEF’s Fintech for Impact Initiative
ING Bank and UN children’s agency UNICEF have launched an initiative in the Philippines called ‘Fintech for Impact’ to support
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BSP Pushes for Financial Inclusion With Digital Payments Transformation Roadmap
The Monetary Board has approved the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap 2020-2023. The roadmap charts BSP’s
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Fintech Alliance Collaborates With Philippine Statistics Authority to Roll Out PhilSys ID
The National ID system or the Philippine Identification System ID (PhilSys ID) has launched virtually on October 9, 2020. FintechAlliance.ph
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Lending App Venio Extends Its Reach Nationwide Across the Philippines
Venio, “nano-credit” lending app, has expanded its services nationwide across the Philippines on the back of metro launches across Mega
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BPI Family Savings Bank Optimistic Lending Activities Will Pick up Pace Post-ECQ
BPI Family Savings Bank is optimistic that its first variable amortisation loan programme called Step Up PayPlan will pick up
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These are the Major Banks Waiving Fees for PESONet, InstaPay Until Year’s End
A number of major banks have decided to extend the waiver for fund transfer fees for PESONet and InstaPay transactions
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Seamless Philippines to Discuss the Future of Payments, E-Commerce and Fintech
On 30 September & 1 October, Seamless Philippines’ 2020 edition will take place online, bringing together the region’s commerce and
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Ayannah and Card-MRI to Launch Digital Financial Services in the Philippines
Ayannah and CARD-MRI Group announced a partnership to launch digital payments, lending, banking and insurance products to serve CARD-MRI’s membership
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PayMongo Secures $12M in Series A Funding Round Led by Stripe
PayMongo, a Filipino-owned online payment platform, recently secured $12 million in a Series A financing round led by Stripe. The
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Payment Platform Bayad Center Records Huge Spike in Digital Transactions
CIS Bayad Center, a multi-channel payment platform in the Philippines, reported a significant growth in digital transactions within its biller
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Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover
With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos
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Home Credit Ties up With RCBC’s DiskarTech App to Disburse Cash Loans
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech has tied up with taps Home Credit to allow its users to have their
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