Fintech News Philippines

GoTyme Projects Doubling Customer Base to 5 Million, Unleashing New Products in 2024

GoTyme Bank is poised for considerable growth, with expectations to more than double its customer base by the conclusion of

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Coins.ph Achieves Record Trading Volume with Coins TradeDesk in Early 2024

In a notable development at the outset of 2024, Coins.ph, the most established Bitcoin and cryptocurrency exchange market in the

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ProCredit Secures US$4.1 Million in Funding to Boost Local SME Lending

ProCredit, a fintech enterprise specialising in loans for small and medium-sized enterprises (SMEs), has successfully raised US$4.1 million in a

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BSP Endorses New Sustainable Finance Taxonomy to Guide Philippine Banks

Within the realm of sustainable finance in the country, the Monetary Board and the Bangko Sentral ng Pilipinas (BSP) have

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Helios Pioneers Solar Mortgage Programme to Introduce Affordable Sustainable Energy

Philippines startup Helios claims to have launched the first solar mortgage programme, marking a step towards transforming the local energy

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SEC Issues Alert on Unregistered Investment Schemes by DigiVault Trading and Altstrade

The Securities and Exchange Commission (SEC) has issued a cautionary notice to the public regarding their dealings with DigiVault Trading

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Bank of Makati is Leveraging Qlik for Data-Driven Customer Insight

Qlik revealed its collaboration with Bank of Makati Inc (BMI), the Philippines’ fifth-largest stand-alone thrift bank by assets, marking a

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BSP, PDIC Sign MOA to Streamline Cooperation and Supervision of Bank Deposits

The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) have updated their cooperative framework through the

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ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks

the Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks,

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BPI Wealth AUM Surpasses P1 Trillion Mark, Sets Sights to Expand Offerings

BPI Wealth, the wealth management subsidiary of the Bank of the Philippine Islands (BPI), is preparing for a substantial increase

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UNO Digital Bank Secures $32.1 Million in Funding to Fuel Expansion

UNOAsia Pte Ltd has secured US$32.1 million in a recent pre-Series B funding round, with the mix of equity and

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GCash Partners Philippines’ Cybercrime Agency to Combat Financial Fraud

In an effort to tackle the increasing instances of financial fraud in the country, the e-wallet GCash has joined forces

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Atome, Mastercard Unveil Card Feature with Gaming Credits and Rewards Exchange

Atome has collaborated with Mastercard to enhance the gaming experience for its users in the Philippines. This collaboration enables Atome

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BSP Reports Record Highs From Overseas Remittances in the Philippines

In December 2023, personal remittances from overseas Filipinos achieved a record high in the Philippines, reaching US$3.6 billion, an increase

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Tonik Introduces ‘Luv Stash’, a Savings Product for Couples to Earn 4.5% Interest

Following Valentine’s Day last week, Tonik Digital Bank has recently unveiled ‘Luv Stash,’ a novel savings product. This facility stands

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GCash Broadens Remittance Services Expansion To Another 10 Countries

GCash has announced its continuing global expansion by securing regulatory approval to extend its services to an additional ten countries,

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BSP Lauds Rise in Digital Payment Technology in the Philippines

The Bangko Sentral ng Pilipinas (BSP) has reported on the ongoing expansion of digital payment technologies, noting their significant role

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GCash’s GStocks PH Spearheads Efforts to Diversify Filipino Investment Access

In light of forecasts predicting a rebound in the Philippine stock market in 2024, the financial application GCash has expanded

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Coins.ph Marks 10th Anniversary with 10% USDC Rewards Initiative in February

To mark its tenth anniversary, local market cryptocurrency exchange Coins.ph has initiated a program to offer 10% rewards on USDC

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BSP CBDC Project: Here’s All We Know About the Wholesale Digital Currency

In the rapidly evolving landscape of global finance, the fairly recent emergence of Central Bank Digital Currency (CBDC) represents a

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Brankas Set to Expand QR and e-Wallet Payment Services for NetGlobal Pay

Brankas and NetGlobal Solutions Inc. have recently formalised a Memorandum of Agreement that facilitates a collaborative effort to expand the

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Gotyme Bank and Its Remarkable Journey Towards Profitability

GoTyme Bank stands out as a beacon of digital banking promise in the Philippines, less than two years after launch,

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Tonik and Xendit Collaboration to Grow Digital Banking Payment Options

Tonik Digital Bank and the Southeast Asian payment gateway Xendit have announced a new strategic partnership, set to enhance the

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GCash Disbursed Record US$2.1 Billion in Loans Last Year, Doubling 2022’s Figures

Globe Fintech Innovations, Inc. (Mynt) operated GCash has disclosed its performance metrics for the year 2023, revealing a notable increase

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SEC Slaps P1 Million Fine on CryptoAsset Trading Following Scam Accusations

The Securities and Exchange Commission (SEC) has recently enacted measures against CryptoAsset Trading OPC by revoking its certificate of incorporation

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ASEAN Bank Stability Report Reveals Most (and Least) Reliable Philippines Banks

In the contemporary era where the digital economy shapes the core of financial transactions, the reliance on banking services and

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GCash Partners Axie Infinity and Ronin to Enhance Web3 Gaming Access

GCash has entered into a strategic partnership with Axie Infinity and Ronin, aiming to facilitate access to blockchain-based gaming, also

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Bureau Expands Fraud Prevention Services to Philippines and Indonesia

Bureau, a firm specialising in identity decisioning and fraud prevention, has recently extended its operations into the Philippines and Indonesia.

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From Manual to Mindful: AI-Powered mindox Analyses Financial Documents Seamlessly

In the current business landscape, where efficiency is increasingly important, many companies, especially in the financial sector, struggle with the

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Quezon City Introduces Paleng-QR Ph Plus to Advance Payments Transformation

Quezon City has officially introduced the Paleng-QR Ph Plus programme, a development that marks a significant move towards enhancing the

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Fintech Philippines Report 2022 Highlights the Rise of Crypto and Advent of Digibanks

In the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalization, a favorable regulatory landscape,

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Top 5 Most Well-Funded Fintech Companies in the Philippines

In 2021, the Philippines’ fintech sector gained significant traction amid rapid adoption of digital financial services. This was supported by

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Top Fintech Influencers in The Philippines

Esquire magazine has released its selection of the top fintech influencers in the Philippines, recognizing the men and women shaking

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