Fintech News Philippines
Mynt’s GCash Clocks Over 60 Million Registered Users
GCash, a Philippines’ mobile wallet operated by Mynt under Globe’s corporate venture builder 917Ventures, announced that it now has over
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At the Cusp of a BaaS Revolution, Here Are Some of the Challenges
The future of finance is open, and the rise of Banking-as-a-Service (BaaS) means this future is closer than ever. The
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BSP and PPMI Set to Launch Three E-Payment Streams Over the Next Two Years
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) will launch three e-payment streams as part
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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise
The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed
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Coins.ph Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence
Philippines’ fiat and crypto wallet services provider Coins.ph announced that it has closed a US$30 million Series C financing led
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GCash Partners With Generali Philippines to Roll Out More Insurance Packages
Philippines’ mobile wallet GCash has teamed up with Generali Philippines to offer four affordable insurance packages on GCash’s GLife feature.
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BSP Lauds the Government’s Move to Shift to Digital Payments
The Bangko Sentral ng Pilipinas (BSP) says the issuance of the executive order on the adoption of digital payments for
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Grab Philippines Rolls Out Business Loan Offering for Its Merchants
Grab, through its SEC-licensed lending arm known as Grab Financial Services Philippines, announced that it has launched its new loan
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Using E-Signatures to Ensure Business Continuity in an Increasingly Digital World
The COVID-19 pandemic has accelerated the trend towards digitisation. Suddenly, government agencies, organisations, and businesses of every industry have been
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Bangko Sentral ng Pilipinas Employs Machine Learning to Enhance Suptech Efforts
The Bangko Sentral ng Pilipinas (BSP) is exploring applications of machine learning (ML) techniques, particularly in the areas of natural
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Australian Fintech Peppermint Secures E-Money License From BSP
Peppermint Innovation, an Australian fintech listed on the ASX, announced that its subsidiary has secured an Electronic Money Issuer (EMI)
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PayMaya Rebrands as Maya and Launches Its Digital Bank
Philippines digital wallet PayMaya announced that it has now rebranded as Maya and officially launched its digital bank touted as
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Singaporean Fintech Spenmo Bags Payments License From BSP
Singapore-based payments firm Spenmo announced that it has secured a Operator of Payment System (OPS) license from the Bangko Sentral
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RCBC’s Digital Platforms Record 205% Jump in Revenues
Rizal Commercial Banking Corporation (RCBC) announced that it witnessed a 205 percent increase in revenue for its three digital platforms
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BSP Set to Pilot Wholesale Central Bank Digital Currency Project
The Bangko Sentral ng Pilipinas (BSP) announced that it has decided to pursue the pilot project of a wholesale central
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Tonik Partners With NetGuardians and Finastra to Mitigate Fraud in Real Time
Tonik, a licensed digital-only bank in Philippines, has selected NetGuardians and Finastra’s AI-based, real time fraud mitigation solution. Banking software
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LANDBANK Launches Its Own All-In-One Mobile Wallet
State-run Land Bank of the Philippines (LANDBANK) has announced the launch of its all-in-one mobile wallet called “LANDBANKPay”. The LANDBANKPay
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Why Brands, Bigtechs, Fintechs and Banks Are All Taking Notice of Banking as a Service
The Asia Pacific region is leading the way in a revolution that is changing the way consumers interact with financial
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Philippines’ BNPL Firm BillEase Secures US$20 Million Debt Facility From Lendable
Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has secured a US$20 million debt facility from Lendable,
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Kayamo Partners Netbank to Automate and Enhance Its Lending Experience
Philippines-based lender Kayamo has partnered with Netbank, a neobank that offers Banking-as-a-Service solutions, in order to enhance and automate its
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PayMaya’s Parent Company Voyager Raises US$210 Million, Vaulting It to Unicorn Status
Voyager Innovations, the company behind the Philippines digital wallet PayMaya and neobank Maya Bank, has raised US$210 million in new
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Philippines’ UNO Digital Bank Plans to Issue Debit Cards Powered by Mastercard
Bangko Sentral ng Pilipinas-licensed UNO Digital Bank announced that it is partnering with Mastercard to issue virtual and physical debit
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Top 5 Most Well-Funded Fintech Companies in the Philippines
In 2021, the Philippines’ fintech sector gained significant traction amid rapid adoption of digital financial services. This was supported by
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PayMaya Enables In-App Crypto Investments From as Low as PHP 1
Philippines digital wallet PayMaya has now enabled Filipinos to easily buy and earn cryptos such as Bitcoin and Ethereum from
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Tonik Appoints Former Google, Meta Director as Its Chief People Officer
Philippines’ digital bank Tonik announced today the appointment of Manoj Varghese as its Chief People Officer to spearhead its growth
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Philippines’ Payment Infrastructure Undergoes Transformative Change
In the Philippines, the banking community is undergoing a major transformation to its payment infrastructure, a movement triggered by the
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Top Fintech Influencers in The Philippines
Esquire magazine has released its selection of the top fintech influencers in the Philippines, recognizing the men and women shaking
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Why We Should Eliminate Passwords as Passwordless Authentication Is the Future
The computer password has been around for more than 6 decades. The first password can be traced back to 1961
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Velo Labs Partners PDAX to Enhance Cross-Border Payments to the Philippines
Velo Labs, a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses, and the Philippine Digital
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Fintech Takes Lion’s Share of Philippines Tech Funding for Second Consecutive Year
The Philippines’ fintech industry is blossoming on the back of surging funding activity, a conducive regulatory environment, and rapid adoption
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