Fintech News Philippines

BSP Ramps up Efforts for Digital Payments Ecosystem; Appoints New Deputy Governor

The Bangko Sentral ng Pilipinas (BSP) has established the Payments and Currency Management Sector (PCMS) which is tasked to manage

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Xendit Partners BillEase to Offer BNPL for Filipino Merchants

Indonesian payment gateway Xendit and FDFC, the fintech company behind the Buy Now, Pay Later (BNPL) app BillEase, announced the

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Education Financing Startup ErudiFi Raises US$5 Million in Series A Funding Round

ErudiFi, a tech-enabled company providing access to affordable education financing in Southeast Asia, announced the close of a US$5 million

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Tyme Secures US$110 Million Funding, Eyes Virtual Banking License in the Philippines

Tyme, a multi-country digital banking group headquartered in Singapore, announced its US$110 million Series B capital raise, bringing foreign investment

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Cashalo Claims Users’ Accounts Not Compromised Despite Data Breach

Online lending platform Cashalo announced that it had discovered a potential data breach but reassured its users that no customer

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RCBC’s DiskarTech App Disburses Social Security Loan Proceeds and Benefits

Members of the Social Security System (SSS) nationwide can now get their SSS benefits and loans proceeds through Rizal Commercial

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BDO Unibank Enables QR Code Withdrawals From Select ATMs

BDO Unibank announced that its customers can now make cardless, QR code-based withdrawals from select ATMs. Customers will have to

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Philippines Digibank Tonik Taps FinScore’s Alternative Credit Scoring Solution

Philippines digital bank Tonik has selected FinScore, a local alternative credit scoring company to process loan applications for its Filipino

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AirAsia Philippines Offers Digital Payment Options by GCash and PayMaya

AirAsia is providing its customers with contactless payment options by partnering with GCash and PayMaya. The digital payment option has

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Philippines Central Bank Updates Guidelines Crypto Exchanges

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on virtual asset service providers (VASP)

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Finastra, HCL to Provide Cloud-Based Digital Treasury Management for Filipino Banks

Finastra, a financial services software and cloud solutions provider, announced a partnership with HCL Technologies, an Indian multinational technology company,

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Fintech Alliance.PH Urges Enactment of Corporate Tax Incentives Bill

The Fintech Alliance.PH together with 43 other private business groups in the Philippines have expressed support for the Corporate Recovery

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CIMB Philippines Doubles Customer Base to Over 3 Million

CIMB Bank Philippines had doubled its deposit customer base to exceed 3 million total banking customers with an 800% increase

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DiskarTech Ranked as the Most Downloaded Finance App in 2020

DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank, has emerged as the Philippines’ number one finance app released in 2020

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FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring

UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and

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GCash Inches Closer to Unicorn Status With $175 Million Capital Raise

Globe Fintech Innovations, Inc. (Mynt), the fintech arm of Globe Telecom and operator of e-wallet GCash, raised over $175 million

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GCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020

Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year

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Plans for the Launch of Philippines Fintech Sandbox Are Underway

The two Philippines fintech groups, Fintech Alliance.PH and Fintech Philippines Association, announce plans to collaborate on the launch of the

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Year End Message to Our Readers – Offline from 24th December to the 3rd January

Fintech News Philippines would like to take this opportunity to wish all our readers a Merry Christmas and a very

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Provenir Links up With FinScore for AI-Powered Credit Decisioning

Provenir, risk decisioning and data analytics software provider, announced a new data integration partnership with FinScore, an alternative credit scoring

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RCBC Becomes the Latest Addition to the ASEAN Financial Innovation Network

The ASEAN Financial Innovation Network (AFIN) has announced the inclusion of Rizal Commercial Banking Corporation (RCBC) among the four new

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DigiBankASIA Taps Backbase for Its Prospective Digital Bank UNO

Backbase, a banking software provider, has been selected by DigiBankASIA to offer its full-stack digital engagement banking platform solution for

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BillEase Integrates Buy Now, Pay Later Solution With Leading E-Commerce Platforms

Philippines startup First Digital Finance Corporation (FDFC), announced its partnership with prominent e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to

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UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion

UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a

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Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems

Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up

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Labor Department and RCBC to Disburse Funds for Displaced Filipino Workers

Rizal Commercial Banking Corporation (RCBC) and the Department of Labor and Employment (DOLE) will collaborate for an efficient and quick

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JazzyPay and GCash to Provide Cashless Payment Option for Essential Businesses

Philippine fintech startup JazzyPay has partnered with e-wallet GCash to provide cashless payment solutions to essential businesses. The GCash payment facility

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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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