Fintech News Philippines

Australian BNPL Firm Zip Drives Expansion in South East Asia With Investment in TendoPay

Australian Buy Now, Pay Later (BNPL) company Zip Co has furthered its global expansion, announcing a strategic investment in TendoPay,

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PayMaya Emerges as the First Fintech to Integrate the QR Ph Payment Option

PayMaya, a mobile wallet under the purview of PLDT, has become the first fintech company to adopt QR Ph for

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PBCOM Leverages Temenos’ Cloud Solution to Offer Digital-First Banking Services

Philippine Bank of Communications (PBCOM) has gone live with Temenos Transact, a core banking Software-as-a-Service (SaaS) solution, to offer digital-first

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Latvian Fintech VIA SMS Enters Philippines Market Through Investment in VAMO.ph

Latvian fintech VIA SMS Group continues to expand its presence in Asia-Pacific by investing in the development of consumer lending

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Filipino Businesses Increase Investment in Digital Experiences, Customer Analytics

Businesses in the Philippines are investing in user-friendly digital experiences and improving customer analytics as they perceive customer experience and

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Neobank Tonik Taps PESONet to Secure Digital Payments

Philippines neobank Tonik announced that it has tied up with PESONet to enable safe and secure electronic fund transfers to

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CIMB Philippines Signed on Close to 4 Million Customers Within 2 Years of Launch

CIMB Bank Philippines announced that it has accumulated over 40 international awards and has signed up close to 4 million

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FICO Survey Indicates Growing Awareness of Identity Theft Among Filipinos

FICO, a global analytics software firm, did a recent survey on identity proofing and digital banking which showed that identity

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Uploan Secures US$ 15 Million in Debt Facility From UK’s Lendable

Uploan, a Philippines-based provider of salary linked financial services, has raised a senior secured loan of up to US$ 15

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Ayannah Partners RCBC to Make Financial Inclusion Push

Ayannah a Filipino fintech startup that provides affordable and accessible digital financial services will be providing its open banking and

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AirAsia Offers Digital Payment Option With GCash E-Wallet

AirAsia announced its partnership with GCash to provide its guests with a fast and convenient option to pay for their

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State-Owned OFBank Clinches Philippines’ First Digital Banking License

Overseas Filipino Bank (OFBank), a wholly owned subsidiary of the Land Bank of the Philippines (LANDBANK), has digital only bank

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BSP Highlights Role of Digital Banks as Key Financial Inclusion Enabler

The Bangko Sentral ng Pilipinas (BSP) considers the digital banking framework as a key building block in promoting financial inclusion.

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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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UnionBank to Enable Digital Payments for the Supreme Court

The Supreme Court of the Philippines (SC)  signed a Memorandum of Agreement with Union Bank of the Philippines (UnionBank) for

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Neobank Tonik Officially Kicks off in the Philippines

Southeast Asian digital-only bank Tonik has launched as the first neobank in the Philippines. Tonik is supervised by the Bangko

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Philippines and UK Inked MoU for Fintech and Green Finance Cooperation

Several Philippines agencies have signed a Memorandum of Understanding (MOU) with the British Embassy of Manila for the country’s participation

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Fintech Alliance.ph Urges the Public to Be on High Alert Due to Rising Cybercrimes

Members of Fintech Alliance.ph issued a joint statement strongly urging the public, industry stakeholders, and the government to join hands

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JazzyPay and UnionBank Rolls Out Cashless Payment Solutions for SMEs

Online payment gateway JazzyPay has teamed up with Union Bank of the Philippines to provide cashless payment solutions for SMEs

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FICO Survey Reveals Filipinos’ Rising Preference for Digital Banking Channels

A recent survey by global analytics software firm FICO has revealed that 56 percent of Filipino consumers prefer to use

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Experian Teams up With FinScore for Alternative Data Scoring in the Philippines

Experian, a consumer financial data service provider, has partnered with FinScore, an alternative credit scoring provider, to help financial institutions

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How to Build a Digital Bank That’ll Actually Serve the Underserved

With many regulators in the Southeast Asian region making their moves towards digital banks, it’s not hard to see why

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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 Securities Commission Unveils Online Payment Portal

The Philippines’ Securities and Exchange Commission (SEC) has launched its online payment system for companies to pay their registration fees. The

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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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