Fintech News Philippines

The Key Factors Driving Wealthtech in the Philippines

The Philippines’ wealthtech sector, which somehow still remains at a nascent stage of development, is poised to witness strong growth

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Philippines Issues Maiden Tokenised Treasury Bonds via PDAX

In a notable advancement for the Philippine cryptocurrency sector, crypto exchange PDAX has collaborated with the Bureau of the Treasury

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Kenneth Stern Leaves Binance Amidst Regulatory Challenges in the Philippines

Kenneth Stern, the former General Manager of Binance in the Philippines, has officially parted ways with the company. This development

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UnionBank Bolsters Digital Arm UnionDigital with US$32.5M Capital Infusion

UnionBank of the Philippines is significantly enhancing its investment in its digital banking division, UnionDigital Bank Inc., with a capital

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SEC Says Binance Not Licensed for Operations in the Philippines

The Securities and Exchange Commission (SEC) of the Philippines has recently issued an advisory concerning the online cryptocurrency exchange Binance.

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Fintech a Core Element of the “Iron Triangle” Fueling Philippines’ Startup Growth

In the Philippines, fintech, e-commerce and logistics are prominent sectors in the entrepreneurial landscape. These industries, referred at as the

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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs

Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to

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Coins.ph’s TradeDesk Surpassed US$1 Billion in Crypto Trading Volume This Year

Philippines’ cryptocurrency exchange Coins.ph revealed that its TradeDesk service has surpassed a trading volume of US$1 billion in 2023. TradeDesk,

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GoTyme Bank and PayMongo Enable Easier Loan Access for Thousands of SMEs

Filipino digital bank GoTyme and payment gateway PayMongo have recently announced a partnership aimed at enhancing financial access for small

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UnionBank Expands Wealth Management Services with New Launches

The Union Bank of the Philippines had recently introduced two new wealth management programmes, UnionBank Elite and UnionBank Access. These

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Sumsub Makes Presence at Philippine Fintech Festival 2023

Fintech companies in the Philippines and the ASEAN region are gearing up this week for the Digital Pilipinas Festival from

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Coins.ph and Paxos Streamline Remittances with PayPal USD Stablecoin

Philippines’ cryptocurrency exchange Coins.ph has partnered with Paxos Trust Company, a New York-based blockchain infrastructure platform, for more efficient cross-border

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UnionBank Rolls Out New Digital Solutions for Business Banking

The Union Bank of the Philippines has launched a range of digital banking solutions specifically designed to cater to the

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UnionDigital Bank’s New Financial Health Tool Premieres at SFF 2023

UnionDigital Bank, the digital banking arm of UnionBank of the Philippines, showcased its commitment to innovation and financial inclusion at

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Philippines Showcases Fintech Presence with Bagong Pilipinas Pavilion at SFF 2023

The Philippines has marked its presence at the Singapore Fintech Festival (SFF) 2023 through the Bagong Pilipinas: The Philippines Country

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Philippines and Australia Strengthen Fintech Collaboration with New MOU

Fintech Alliance.ph and the Australian Trade and Investment Commission (Austrade) have signed a memorandum of understanding (MOU) to promote trade

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Filipino Digital Bank Maya Taps TerraPay for Seamless Remittance

Payments infrastructure company TerraPay and Philippines’ digital bank Maya announced a strategic partnership at the Singapore Fintech Festival aimed at

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Netbank Offers Tailored Savings Accounts for Filipino Facebook Groups’ Members

Netbank, a Filipino bank specialising in partnership-based banking, has launched new savings accounts in collaboration with several Filipino Facebook Groups.

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An Ecosystem Approach to Banking the Underbanked

Reaching Indonesia’s unbanked and underbanked population has been a long-standing challenge for banks. Hindered by numerous factors, including sociocultural diversity,

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GCash Users Can Now Pay at Alipay+ Merchants in Six New Countries

Philippines’ e-wallet GCash has expanded the availability of ‘GCash Global Pay’ to now include six new markets namely South Korea,

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UnionBank Gets Approval as Virtual Asset Service Provider in the Philippines

Union Bank of the Philippines recently achieved another first in the industry after securing a Certificate of Authority from the

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BPI Taps Personetics to Provide AI-Powered Financial Insights for 6 Million Users

The Bank of the Philippine Islands (BPI) has joined forces with Personetics, a global provider of financial data-driven personalisation solutions, to

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Backbase’s ENGAGE Asia 2023 to Kick off in Bangkok This November

Banking leaders find themselves at that pivotal time of the year when they must strategise their transformation goals for the

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UnionBank Launches Four New Credit Cards

UnionBank of the Philippines recently launched four new credit cards with a variety of benefits to cater to the different

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BSP’s Push to Standardise QR Codes Helps Salmon Expand Financial Inclusion

Bangko Sentral ng Pilipinas’ (BSP) recent moves to standardise QR payment codes across the Philippines are helping democratise consumer credit

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Paywatch Launches in the Philippines, Plans Indonesia Expansion by Year-End

Earned Wage Access (EWA) service provider Paywatch has officially launched in the Philippines, its third market after Malaysia and South

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Red Hat and AWS Powers UnionBank’s Digital Transformation Journey

The Union Bank of the Philippines is using Red Hat OpenShift Service on Amazon Web Services (AWS) to accelerate its

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BSP and CDA to Step up Digital Payments Oversight

The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) signed an agreement to work together to oversee

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UnionBank Invests PHP300M More in Digital Bank to Fuel Growth

Union Bank of the Philippines has invested an additional PHP 300 million into the UnionDigital Bank following the PHP 900

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YC-Backed Cera Brings Stablecoin-Based U.S. Stock Investing to the Philippines

Cera, a U.S. stock trading platform backed by Y Combinator, has announced its beta launch in the Philippines through a

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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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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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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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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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