Fintech News Philippines
Philippines SEC Cautions Public to Not Invest in Binance
The Philippines Securities and Exchange Commission (SEC) has cautioned the public to not invest in global cryptocurrency exchange Binance in
Read MoreTonik Enables Real-Time Fund Transfers up to PHP 50,000 With InstaPay
Philippines digital bank Tonik announced that it has integrated InstaPay services on its mobile app to enable real-time fund transfers.
Read MoreRise of Super-Apps Puts Pressure on Incumbents
In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy
Read MoreCiti Wraps up Sale of Philippines Consumer Business to UnionBank for US$700 Million
Citi announced that it has completed the sale of its Philippines Consumer Business to UnionBank of the Philippines. The deal
Read MoreADB Helps Asian Cities Tap Private Sector Financing to Meet Their Climate Goals
The Asian Development Bank (ADB) has launched a new initiative to provide direct advisory support to help cities across Asia
Read MoreGoTyme Gets Green Light From BSP to Begin Operations as Digital Bank in the Philippines
GoTyme announced that it had secured its Certificate of Authority (COA) to operate as a digital bank by the Bangko
Read MorePhilippines’ UNO Digital Bank Raises US$11 Million Led by Malaysia’s Creador
Singapore-headquartered financial technology company UNOAsia, the primary incorporator of UNO Digital Bank in the Philippines, has secured US$ 11 million
Read MorePhilippines Gov’t to Accelerate Roll Out of PhilSys ID, Says Finance Secretary Diokno
Finance Secretary Benjamin Diokno said that the government will accelerate the rollout of the Philippine Identification System (PhilSys ID) to
Read MoreBSP Accelerates Implementation of the Person-To-Merchant QR Code System
The QR Ph Person-to-Merchant (P2M) payment facility, now fully implemented, now may be used in 473,000 merchant locations nationwide as
Read MoreAre Filipino Banks Able to Keep Up With BSP’s New IT Risk Rules?
If you’re a risk management leader in the Philippines, Circular No. 1140 might keep you up at night. After all,
Read MorePayMongo Ties up With Atome to Offer BNPL Acceptance to Filipino Merchants
Philippines’ online payment processing startup PayMongo has partnered with Atome Philippines to expand Buy Now, Pay Later (BNPL) acceptance among
Read MoreTonik Appoints Tomasz Borowski as Its Group COO
Philippines digital bank Tonik announced that Tomasz Borowski will be joining its leadership team as the Group Chief Operations Officer
Read More4 Ways Alternative Data Is Improving Fintech Companies in APAC
Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging
Read MoreAsset Manager ATRAM Taps additiv to Digitise Its Wealth Management Platform
ATRAM Trust Corporation (ATRAM), an independent asset and wealth manager in the Philippines, announced that it has signed a strategic
Read MoreUnionDigital Bank Secures BSP’s Approval to Begin Operations
UnionDigital Bank announced that it has secured the necessary approval from the Bangko Sentral ng Pilipinas (BSP) to operate as
Read MorePayment Managers Are Redefining Their Strategic Priorities for 2022
It is evident that digital acceleration is creating a new payments paradigm as corporate non-cash payments are forecasted to reach
Read MoreGrabPay Pushes Back InstaPay Transfer Fee to August
Southeast Asia ride hailing superapp Grab announced via an app advisory that it will delay charging additional fees for InstaPay
Read MoreBaaS Needs to Double Down on Cross-Industry Partnerships to Fuel Growth
Banking as a Service (BaaS) is seen as one of the biggest opportunities in financial services and is experiencing rapid
Read MoreBSP Names PESONet, InstaPay as Prominently Important Payment Systems
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board has named PESONet and InstaPay as Prominently Important Payment Systems (PIPS) pursuant to
Read MorePhilippines’ Post Office Partners With UBX to Drive Financial Inclusion
The Philippine Postal Corporation (Post Office) has partnered with UBX, a fintech unit created by the Union Bank of the
Read MoreBSP Now on Its Third Phase of Sustainability-Related Regulations
The Bangko Sentral ng Pilipinas (BSP) is now on its third phase of sustainability-related regulations with the recent release of
Read MoreDemand for Sustainable Finance on the Rise in APAC
Across Asia-Pacific (APAC), sustainable finance services are growing in popularity among consumers. But despite rising demand for greener and more
Read MoreBSP Says Digital Payments Exceeded 30% In 2021
The share of digital payments to total retail payments volume in the Philippines rose to 30.3% in 2021 from 20.1%
Read MoreRCBC Collaborates With the CDA to Digitalise Cooperatives in the Philippines
Rizal Commercial Banking Corporation (RCBC) inked a collaboration with the Cooperative Development Authority (CDA) to digitalise cooperatives nationwide. The partnership
Read MoreDiokno Steps Down to Welcome Medalla as New BSP Governor
Former Bangko Sentral ng Pilipinas’ (BSP) Governor has stepped down to hand over the leadership of the central bank to
Read MoreING Set to Shutter Its Philippines’ Retail Banking Business Before the Year Ends
ING announced that it will leave the retail banking market in the Philippines before the end of 2022. It will,
Read MorePhilippines to Get Gov’t Agencies to Support National Financial Inclusion Strategy
The Malacañang palace, the official residence and principal workplace of the Philippines’ president, has approved a circular institutionalising the whole-of-government
Read MoreCybersecurity Talent Shortage Puts APAC Organizations at Risk
Organizations across Asia are facing challenges in recruiting and retaining cybersecurity talents, a skills shortage that’s putting them at risk
Read MoreBSP Urges Banks to Beef up Security Against Cyber Attacks
Bangko Sentral ng Pilipinas (BSP) has urged financial institutions to adopt robust control measures against cyber attacks on retail electronic
Read MoreAlternative Lenders Are on the Rise to Plug the Financing Gap for SMEs
In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely
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