Fintech News Philippines

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has

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Fintech Alliance.PH Appoints New Insurtech Committee Chairman

Fintech Alliance.PH, the country’s largest association of fintech and digital players, announced that it has appointed Pru Life UK, President

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BSP Seeks Public Feedback on Open Finance Pilot

The Bangko Sentral ng Pilipinas has requested feedback from financial institutions and third-party providers for the Open Finance Pilot in

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Innovative Technology Remedies Almost 100% Of Payment Pain Points in APAC

The Asia-Pacific region, with 13 countries that process US$17.8 billion in digital payments per year, tends to invite issues as

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Former GoTyme Bank CEO Appointed as New President and CEO of PayMongo

Paymongo announced the appointment of Jojo Malolos as the new President and CEO of PayMongo, effective February 1, 2023. As

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Insurtech in the Philippines: Could It Be The Answer To Agricultural Woes?

Agriculture is the primary source of livelihood for rural Filipino families and is considered the backbone of the Philippine economy.

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Fintech Startup Salmon Launches Point-Of-Sale Loan Product in the Philippines

Fintech startup Salmon announced that it has launched its first offering in the Philippines which is a point-of-sale (POS) loan

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BillEase Partners Alipay+ to Offer BNPL Payment Option for Filipinos

Consumer finance app BillEase has partnered with Ant Group’s Alipay+ to enable the buy now, pay later (BNPL) payment option

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GoTyme Bank Partners Mambu to Roll Out New Innovative Products and Services

Newly launched Filipino digital bank GoTyme Bank has partnered with cloud banking platform Mambu to roll out new products and

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Top 5 Fintech Stories That Defined the Philippines in 2022

For a developing fintech market like the Philippines, 2022 was yet another year of groundbreaking developments and impressive growth. The

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Five Key Takeaways From the Temenos Regional Forums in Asia Pacific

The Asia-Pacific financial sector is undergoing rapid transformation. Consumers’ expectations have significantly increased as a result of the digital revolution

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Philippines SEC to Accept Only Digital Payments After February 2023

The Securities and Exchange Commission (SEC) announced that it will be making a complete shift towards digital payments by 1 February

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Here’s How Fintech Is Modernising Digital Payments in the Philippines

The digital payments landscape in the Philippines has undergone significant growth and evolution in recent years. In 2015, the Bangko

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Direct Agent 5 Secures Crypto, E-Money and EPFS Licenses From BSP

Direct Agent 5 (DA5), a provider of remittance and forex services, has secured three licenses from the Bangko Sentral ng

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UNO Digital Bank Taps Trusting Social for AI-Powered Credit Scoring

Philippines’ UNO Digital Bank announced that it has formed a partnership with AI-powered credit scoring platform Trusting Social. Through this

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Coins.ph Bags Advanced Electronic Payment and Financial Services License

The Bangko Sentral ng Pilipinas (BSP) has granted Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, an advanced

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Coins.ph Rolls Out QR Payments Feature for Its 18 Million Users

Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, has launched a new QR payment feature that will allow

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Key Highlights From the INDX Summit 2.0 Hosted by Fintech Alliance.PH

Fintech Alliance.PH had recently hosted the second edition of Inclusion and Digital Transformation (INDX) Summit on 22-23 November 2022 at

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RCBC Enables MSMEs to Accept Digital Payments Through Its QRph code

Rizal Commercial Banking Corporation (RCBC) has rolled out its NegosyanTech digital payments service to enable micro, small and medium enterprises

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UnionBank Expands Its Partnership With Hex Trust to Enter The Sandbox Metaverse

Union Bank of Philippines (UnionBank) announced its entrance into the The Sandbox metaverse, a decentralised gaming virtual world and a

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The Philippines Has a Pressing Tech Talent Shortage: Report Shows

According to the latest report from Gobi-Core, the Philippines’ tech ecosystem continues to be one of the most resilient in

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Diokno Challenges the SEC to Ramp up Protection Efforts for Filipino Investors

Finance Secretary Benjamin Diokno calls for the continued efforts of the Securities and Exchange Commission (SEC) to ramp up investor

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Tonik Set to Offer Payroll-Enabled Financial Services With TendoPay Acquisition

Tonik Financial, the parent company of digital bank Tonik, announced that it has inked an agreement to acquire the Philippines’

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The Philippines Is Poised to Become Number One Global Blockchain Hub

The Philippines has the potential to become the number one blockchain hub, according to the newly formed Blockchain Council of the

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BSP, Philippine Payments Management Launches ‘Bills Pay PH’

The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management (PPMI) launched “Bills Pay PH” in line with continuing

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Philippines: Web3 Is Where the Future’s at for Filipinos

Many are familiar with the term Overseas Filipino Workers (OFW), but how about the Metaverse Filipino Workers (MFW)? Instead of

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Citi Loans US$20 Million to ASA Philippines to Support Women-Led MSMEs

The ASA Philippines Foundation, a non-profit prganisation, secured a US$20 million loan (over PHP 1 billion) from Citi Philippines to

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Isabel Ridad Appointed Acting CEO at Troubled Fintech PayMongo

Isabel Ridad, the current Chief Operating Officer (COO) of fintech firm PayMongo, has been appointed as the acting CEO following

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Filipinos Embrace Insurtech at Home and Abroad

Did you know that only 3 % of the Philippines’ 113 million population have insurance? That’s a vast potential that

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Philippines Fintech Requires Robust Cybersecurity to Fight Off Bad Actors

Concerns and awareness about cybersecurity have been at the forefront as the Philippines increase digital payment services and move towards

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