Fintech News Philippines

AWS and Mambu Share Their Guide to Cloud Migration for Incumbent Banks

In today’s rapidly evolving economic environment, businesses need to be able to adapt quickly to changing market and consumer demands.

Read More

Banks in the Philippines Face Fintech Threat, Warns McKinsey

Management consulting firm McKinsey & Co. has cautioned banks in the Philippines that they must adapt to the emerging and

Read More

Tonik Surpasses One Million Customers Since Launch

Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception. Tonik said that its

Read More

How Competitive Are Interests Rates Offered By Philippines’ Digital Banks?

In the Philippines, digital banking challengers are making competitive strides against traditional banks, luring customers with high-yield savings accounts and

Read More

SEC Delays Releasing Philippines Digital Assets Framework in Wake of FTX

The Philippine Securities and Exchange Commission (SEC) has deferred the rollout of a new framework for digital assets, influenced by

Read More

Transforming the Future of Banking Through Cloud and Open-Source Technologies

The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied

Read More

UNO Digital Bank Partners with 1Sari to Empower Sari-Sari Stores

Philippines UNO Digital Bank has partnered with 1Sari Financing Corporation to support the growth of sari-sari store owners and micro-enterprises

Read More

Fintech Alliance.PH Kicks off National Cybersecurity Education Campaign

Fintech Alliance.PH, the country’s largest association of fintech and digital players, had launched a multistakeholder national cybersecurity awareness and education

Read More

BSP and BDO Foundation to Develop Free Personal Finance Course for Filipinos

The Bangko Sentral ng Pilipinas (BSP) and BDO Foundation, the corporate social responsibility arm of BDO Unibank, will jointly develop

Read More

NPC Says Unauthorised GCash Transactions Were Result of Phishing Attacks

The Philippines’ National Privacy Commission (NPC) concluded that the recent unauthorised deductions from multiple accounts from mobile wallet GCash amounting

Read More

Wise Users Can Now Send Up to PHP 9 Million to the Philippines

Online money transfer service Wise announced that its users can now send up to PHP 9 million (approximately US$161,000) to

Read More

Understanding Cryptocurrency Regulations in the Philippines

The Philippines has become a hotbed for cryptocurrency adoption due to its tech-savvy population and growing internet penetration. In recent

Read More

Netbank Closes Series A Funding Round Led by Beenext

Netbank, a Philippines-based neobank that offers Banking-as-a-Service solutions, announced that it has closed its Series A funding round. The investment

Read More

Medalla Says GCash Hit by Phishing Scam, 80% Of Lost Funds Already Recovered

The Bangko Sentral ng Pilipinas’ (BSP) Governor Felipe Medalla said that the recent unauthorised deductions from mobile wallet GCash amounting

Read More

Grab Philippines in the Midst of Issuing Refunds Totaling PHP 6.7 Million

Grab Philippines is reportedly in the midst of issuing refunds of PHP 6.7 million (US$ 118,500) to its users following

Read More

Financial Services Revolution: Salmon’s Drive to Promote Inclusion

The economy in the Philippines is expanding at record speed, and its dynamic population – young, growing, and savvy at

Read More

Agoda Now Offers BillEase’s BNPL Payment Option for Filipino Travelers

BillEase, a consumer finance app offering BNPL, is now available as a payment option on online travel platform Agoda to

Read More

Grab Philippines Slapped With Additional PHP 9 Million Fine for Delayed Refunds

The Philippine Competition Commission (PCC) has imposed another PHP 9 million (approximately US$160,000) fine on Grab Philippines for its failure

Read More

LF Lending Services Modernizes Credit Scoring Process With FinScore’s Alternative Telco Data

Manila-based LF Lending Services is on the verge of digital transformation, starting with the integration of telco data into existing

Read More

13 Fintech Events in the Philippines to Attend in 2023

Adoption of digital financial services has risen substantially in the Philippines over the past years. As fintech and technology continue

Read More

GCash Denies Hacking Claims, Adjusts Users’ Balance After Unauthorised Deductions

Philippines’ mobile wallet GCash set out to reassure its 81 million users that no funds have been lost from their

Read More

How Embedded Finance Is Revolutionising Financial Services in Southeast Asia

Embedded finance is a thriving trend that is rapidly changing the banking and financial services landscape in Southeast Asia. With

Read More

Philippines, Japan Launch Credit Risk Model for SMEs’ Creditworthiness

The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA) have teamed up to launch the Credit

Read More

SIM Registration Urged as 20% Risk Losing Access Digital Payments

The FinTech Alliance Philippines encourages mobile phone users to register their SIM cards in compliance with the nationwide SIM Registration

Read More

GCash and Maya Among Best Workplaces for Filipinos to Grow a Career, Says LinkedIn

Fintech unicorn Mynt (GCash) and digital bank Maya has carved out a place in the top 3 of LinkedIn’s ranking

Read More

Deconstructing the Evolution of the Fintech Sector in Asia

Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it

Read More

MPT Mobility Taps Brankas to Enable Instant Toll Reloads via Bank Accounts

Open banking solution provider Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines

Read More

Fintech Salmon Gets a Boost From Finscore’s Telco Data-Based Credit Scoring

Fintech startup Salmon has selected Philippines-based alternative credit scoring provider FinScore to offer flexible financing terms and generous loan amounts

Read More

Is Philippines Falling Short of Its PhilSys Digital Identity Ambitions?

This month, the Bangko Sentral ng Pilipinas (BSP) issued the latest rules outlining the minimum digital identification and verification requirements

Read More

BSP: ASEAN’s 5 Biggest Economies to Link Real-Time Payments Within 3 Years

Bangko Sentral ng Pilipinas (BSP) governor Felipe M. Medalla believes payment connectivity between the five largest economies of the Association

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

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

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

Read More

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

Read More

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

Read More