Fintech News Philippines

Quezon City’s Public Market Embraces Digital Payments With DiskarTech App

Most of the Litex Market’s vendors at Commonwealth Avenue, Quezon City seem to have embraced digital payments with the aid

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Phillippines’ Digital Banking Framework to Trigger Wave of Innovation for the Unbanked

In the Philippines, the upcoming digital banking framework will trigger a wave of innovation and help address financial exclusion, experts

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FICO Survey Reveals Banks in Philippines Struggling With Digital Identity Authentication

FICO, a global analytics software firm, has released its Identity in Digital Banking Survey, which found that the complexity and

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MoneyGram and PayMaya Ties Up for Real-Time Payments Using Visa Direct

MoneyGram, a provider of cross-border P2P payments and money transfers, announced a partnership with PayMaya Philippines to enable real-time payments

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Grab Philippines Appoints Grace Vera Cruz as Its Country Head

Grab, South East Asian ride-hailing app, announced the appointment of Grace Vera Cruz as Country Head for Grab Philippines. Grace

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Meet the 5 Startups Selected for ING and UNICEF’s Fintech for Impact Initiative

ING Bank and UN children’s agency UNICEF have launched an initiative in the Philippines called ‘Fintech for Impact’ to support

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BSP Pushes for Financial Inclusion With Digital Payments Transformation Roadmap

The Monetary Board has approved the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap 2020-2023. The roadmap charts BSP’s

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Fintech Alliance Collaborates With Philippine Statistics Authority to Roll Out PhilSys ID

The National ID system or the Philippine Identification System ID (PhilSys ID) has launched virtually on October 9, 2020. FintechAlliance.ph

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Lending App Venio Extends Its Reach Nationwide Across the Philippines

Venio, “nano-credit” lending app, has expanded its services nationwide across the Philippines on the back of metro launches across Mega

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BPI Family Savings Bank Optimistic Lending Activities Will Pick up Pace Post-ECQ

BPI Family Savings Bank is optimistic that its first variable amortisation loan programme called Step Up PayPlan will pick up

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These are the Major Banks Waiving Fees for PESONet, InstaPay Until Year’s End

A number of major banks have decided to extend the waiver for fund transfer fees for PESONet and InstaPay transactions

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Seamless Philippines to Discuss the Future of Payments, E-Commerce and Fintech

On 30 September & 1 October, Seamless Philippines’ 2020 edition will take place online, bringing together the region’s commerce and

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Ayannah and Card-MRI to Launch Digital Financial Services in the Philippines

Ayannah and CARD-MRI Group announced a partnership to launch digital payments, lending, banking and insurance products to serve CARD-MRI’s membership

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PayMongo Secures $12M in Series A Funding Round Led by Stripe

PayMongo, a Filipino-owned online payment platform, recently secured $12 million in a Series A financing round led by Stripe. The

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Payment Platform Bayad Center Records Huge Spike in Digital Transactions

CIS Bayad Center, a multi-channel payment platform in the Philippines, reported a significant growth in digital transactions within its biller

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Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover

With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos

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Home Credit Ties up With RCBC’s DiskarTech App to Disburse Cash Loans

Rizal Commercial Banking Corporation’s (RCBC) DiskarTech has tied up with taps Home Credit to allow its users to have their

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ING Banks: COVID-19 Is Causing Fillipinos to Save More

Dutch financial giant and all-digital bank in the Philippines, ING Bank, said that the rise of the “savings mentality” during

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TransUnion Aims to Tackle Online Credit Application Dropouts and Rising Fraud

Global risk and information solutions provider TransUnion is extending its data and technology expertise to help financial institutions accelerate digital transformation and

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DiskarTech Deepens Financial Inclusion Strategy With Agri-Fishery Credit Programme

The Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC) has partnered with the Rizal Commercial Banking Corporation’s (RCBC) DiskarTech

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Philippines Airline Cebu Pacific Opts for Cellpoint Digital’s Payment Platform

Cebu Pacific Airlines airline has selected CellPoint Digit to implement a Payment Platform across all its digital channels. The platform

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Manny Pacquiao to Launch Digital Payment Platform PacPay

Pac Technologies, co-founded by boxing world champion Senator Manny Pacquiao, aims to launch PacPay, a digital payment platform this year.

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Filipino Teachers Offered Alternative Income Source Through RCBC’s DiskarTech App

Rizal Commercial Banking Corporation (RCBC) has partnered with PLDT, a major telco player from the Philippines, to improve the welfare

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Philippines Central Bank Inches Closer to Issuing New Digital Banking Regulation

The Bangko Sentral ng Pilipinas (BSP) is planning to issue later this month a new circular on the establishment of

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Bangko Sentral ng Pilipinas Inks Cooperation Agreement with Indonesia’s OJK

The Bangko Sentral ng Pilipinas (BSP) and Otoritas Jasa Keuangan (OJK) has signed a Memorandum of Understanding (MOU) on 1

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Fintech Report Philippines 2020: Mapping out the Fintech Philippines Ecosystem

The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap

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Alibaba Cloud Joins Fintech Alliance.Ph

During the recent virtual general membership meeting of the Fintech Alliance.ph, Alibaba Cloud was inducted as its newest member. Alibaba

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BSP’s Governor Diokno to Lead the Launch of Digital Retirement Account

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno will lead the virtual launch of the Digital Personal Equity and

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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say

Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their

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Nearly 1.5M Underbanked Filipinos Onboarded With RCBC’s DiskarTech App

With over 2 million mobile app downloads in two months, Rizal Commercial Banking Corporation (RCBC) has pushed for digital adoption,

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