Fintech News Philippines

Digital PERA Contributors Triple as More Filipinos Set Aside Funds for Retirement

The number of Personal Equity and Retirement Account (PERA) contributors almost tripled two years after the Bangko Sentral ng Pilipinas

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Alibaba Cloud Will Host Its First Cloud Day in the Philippines in October

Alibaba Cloud is hosting the Alibaba Cloud Summit Philippines 2022 on October 19th at the Grand Hyatt Manila, as it

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Ayala’s BPI and Gokongwei-Led Robinsons Bank to Complete Merger by 2023

The Ayala-led Bank of the Philippine Islands (BPI) has inked a deal for a merger with the Gokongwei-led Robinsons Bank

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Migrating to a Cloud-Native Core Helps Banks Reduce Core Spend by 76% Over 5 Years

Across the globe, financial institutions are under increasing pressure to remain competitive in a rapidly changing financial services landscape. Challenger

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BSP Lays Out Prudential Requirements for Philippines’ Digital Banks

The Bangko Sentral ng Pilipinas (BSP) has approved the second set of guidelines for digital banks following the release of

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GCash Disbursed PHP 40 Billion in Loans to More Than 1 Million Users

Philippines’ mobile wallet GCash announced that it has disbursed more than PHP 40 billion worth of loans as it expanded

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I-Remit Taps Ripple’s Liquidity Solution for Same-Day Settlements Globally

I-Remit, a non-bank remittance service provider in the Philippines, will leverage Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border

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GCash to Launch In-App Stock Trading Service Next Year

Mobile wallet GCash has partnered with the Philippine Stock Exchange (PSE) and brokerage AB Capital Securities to launch its in-app

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How to Build End-to-End Digital Trust for Payments and Financial Services

Did you know that in 2020, 84% of businesses in Asia Pacific reported losses in revenue due to payment fraud?

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PESONet, InstaPay Transactions Surpassed PHP 5.37 Trillion in July This Year

The combined value of PESONet and InstaPay transactions went beyond PHP 5.37 trillion during the first seven months of 2022,

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Data Enrichment Key to Enhancing Accuracy of AI Models in Fintech

Data enrichment, the process of enhancing internal data with relevant, contextual data obtained from external sources, is critical for financial

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GCash Hits 66 Million Users, P3 Trillion in Gross Transaction Value in 1H 2022

GCash reached P3 trillion in gross transaction value (GTV) in the first half of the year, nearly matching its P3.8

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How Custom Fields Enable Extensible Banking

One of the great advantages of a cloud-based core banking system is its inherent extensibility – that is, it has

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Maya Bank Hits 650,000 Customer Milestone 3 Months After Launch

Maya Bank announced that it has reached a 650,000-customer milestone just three months after launch and that it has P5

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RCBC ATM Go Now Covers All 81 Provinces in the Philippines Through 1,400 Terminals

The Rizal Commercial Banking Corp’s (RCBC) community-based financial service ATM Go is now servicing all 81 provinces in the Philippines

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BNPL Platform BillEase Raises US$20M Debt Facility from Singapore’s Helicap Securities

Consumer finance app BillEase has closed an up to US$20 million debt facility arranged by Singapore-based Helicap Securities, bringing the

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Gcash Partners Roxe to Provide Affordable Blockchain-Based Cross Border Payments

Blockchain infrastructure company Roxe announced that it has partnered with G-Xchange’s GCash to enable affordable cross-border payments. The partnership connects

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GoTyme Bank Launches New Visa Debit Card, Aims for 10 Million Clients in 5 Years

Gokongwei Group‘s digital bank GoTyme, interbank network BancNet, and Visa have formed a partnership to introduce the GoTyme Visa ATM

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BSP Issues ESG Guidelines to Push for Sustainable Investment Activities

The Bangko Sentral ng Pilipinas (BSP) has issued guidelines to banks on the integration of sustainability principles for investment activities.

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Why Disconnected Data Sources Mean Lenders Are Missing the Big Picture

Traditionally, core banking systems have been regarded as a lender’s main database. While many banks rely on this core banking

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InstaPay’s Transactions Continue on an Upward Trajectory

Real-time fund transfer service InstaPay processed close to 300 million transactions with a total value of PHP 5.49 trillion in

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How Indonesia’s BNPL Giant Leverages Data Science to Drive Innovation

Data science and machine learning are some of the most complex yet important business concepts today. And many companies, irrespective

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Tonik Users Can Now Pay Their Bills Seamlessly via the BillsPay Feature

Philippines’ digital bank Tonik has enabled the BillsPay feature for its users to seamlessly pay their bills on time via

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Home Credit Philippines Expands Its Reach to Include More Sectors

Consumer finance company Home Credit Philippines (HCPH) announced that it has further expanded its services to several sectors to bring

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Fintech Alliance PH Pushes for Consumer Protection-Focused Crypto Regulations

Fintech Alliance.PH, a collaboration amongst strategic players in the digital finance space operating in the Philippines, announced its support for

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BSP Green Lights All Six Digital Banks to Launch Full Operations

The Bangko Sentral ng Pilipinas (BSP) has issued Certificates of Authority (COA) to all the six licensed digital banks in

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Coins.ph and OK Remit to Enable Low-Cost Remittances From Japan to the Philippines

Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, and Asian Net, a money transfer company in Japan operating

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BSP Says More Than 50% Of Filipinos Now Own a Financial Account

The Bangko Sentral ng Pilipinas (BSP) reported that more than half of the country’s adult population now owns a financial

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Atome Partners With Mastercard to Roll Out New BNPL Card for Filipinos

Buy Now, Pay Later firm Atome announced that it has partnered with Mastercard to roll out its Atome Card in

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PESONet Transactions Sees Massive Spike With Multi-Batch Settlement Launch

The total value of PESONet transactions jumped by 48.1 percent year-on-year, reaching PHP 2.9 trillion in the first half of

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