Fintech News Philippines

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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Insurtech Platform Igloo Lands Partnership With Union Bank and Akulaku for Micro-Insurance

Igloo, Singapore-headquartered insurtech firm, announced partnerships with Union Bank of the Philippines and Indonesia’s Akulaku to offer micro-insurance policies. Akulaku

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Philippines’ RCBC and DTI To Enable Digital Payments For Micro-Businesses

Rizal Commercial Banking Corporation (RCBC) and the Department of Trade and Industry (DTI) has partnered to create DiskarTech’s NegosyanTech programme

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RCBC’s Diskartech Reaches 1 Million Downloads

DiskarTech, powered by Rizal Commercial Banking Corporation (RCBC), has reached one million downloads just 38 days from its market launch.

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Philippines Central Bank Joins Digital Currency Race

Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy

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Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit

Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The

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RCBC’s Diskartech Tops Google Play’s Free Finance Apps, Surpassing Gcash and PayMaya

DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank has claimed the top spot among free finance apps in Google Play

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Philippines Launches Blockchain-Based App for Bond Investment with UnionBank and PDAX

The Philippine Bureau of the Treasury (BTr), together with Union Bank of the Philippines (UnionBank) and Philippine Digital Asset Exchange

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Diskartech’s Taglish Digibank App Sees 8 Downloads by Filipinos Every Minute

Barely three weeks after its launch, more unbanked and underserved Filipinos are now downloading the country’s first and only Taglish

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CIMB’s Digital Bank in Philippines Poised for 500% Growth in 2020

CIMB Bank Philippines is foreseeing a 500% increase in their deposit balances by end-year, following a reported 160% surge of

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GrabPay Philippines Enables Instant Fund Transfers with InstaPay

GrabPay announced today the introduction of instant fund transfers in the Philippines within its e-wallet. This new feature is made

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Philippines Social Security to Digitise Payments Using E-Wallets and Bank Transfers

The Philippines Social Security System (SSS) has started paying funeral benefit claims through the banks and other alternative payment channels

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Philippines’ Department of Agriculture Enlists PayMaya for Loan Disbursement

The Department of Agriculture’s has announced the use of PayMaya, a mobile wallet under the purview of PLDT, to disburse

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Philippines’ Digital Bank tonik Announces Partnership With Mastercard

Fresh off raising their US$ 21 Million Series A round, tonik announced today a partnership with Mastercard, which will allow

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ASEAN Financial Innovation Network (AFIN) Lands Partnership with Fintech Alliance.PH

Filipino fintech players can expect a boost from their regional counterparts as local trade association Fintech Alliance.ph inks a deal

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