Fintech News Philippines
TOP PICKS OF THE WEEK
20 Top Emerging Digital Finance Players to Watch in the Philippines
Though in the Philippines fintech is still in the infancy stage, adoption of digital financial services is on the rise.
Read MoreState-Owned OFBank Clinches Philippines’ First Digital Banking License
Overseas Filipino Bank (OFBank), a wholly owned subsidiary of the Land Bank of the Philippines (LANDBANK), has digital only bank
Read MoreBSP Highlights Role of Digital Banks as Key Financial Inclusion Enabler
The Bangko Sentral ng Pilipinas (BSP) considers the digital banking framework as a key building block in promoting financial inclusion.
Read MoreCIMB Philippines to Power GCash’s Digital Micro-Lending Facility, GCredit
Mobile money wallet GCash is transitioning from a micro-lending innovation to being a full digital lending facility through the GCredit
Read MoreUnionBank to Enable Digital Payments for the Supreme Court
The Supreme Court of the Philippines (SC) signed a Memorandum of Agreement with Union Bank of the Philippines (UnionBank) for
Read MoreNeobank Tonik Officially Kicks off in the Philippines
Southeast Asian digital-only bank Tonik has launched as the first neobank in the Philippines. Tonik is supervised by the Bangko
Read MorePhilippines and UK Inked MoU for Fintech and Green Finance Cooperation
Several Philippines agencies have signed a Memorandum of Understanding (MOU) with the British Embassy of Manila for the country’s participation
Read MoreFintech Alliance.ph Urges the Public to Be on High Alert Due to Rising Cybercrimes
Members of Fintech Alliance.ph issued a joint statement strongly urging the public, industry stakeholders, and the government to join hands
Read MoreJazzyPay and UnionBank Rolls Out Cashless Payment Solutions for SMEs
Online payment gateway JazzyPay has teamed up with Union Bank of the Philippines to provide cashless payment solutions for SMEs
Read MoreFICO Survey Reveals Filipinos’ Rising Preference for Digital Banking Channels
A recent survey by global analytics software firm FICO has revealed that 56 percent of Filipino consumers prefer to use
Read MoreExperian Teams up With FinScore for Alternative Data Scoring in the Philippines
Experian, a consumer financial data service provider, has partnered with FinScore, an alternative credit scoring provider, to help financial institutions
Read MoreHow to Build a Digital Bank That’ll Actually Serve the Underserved
With many regulators in the Southeast Asian region making their moves towards digital banks, it’s not hard to see why
Read MoreA Glance at the Philippines’ Open Banking Strategy
Open banking is at the core of enabling innovation within the financial sector, while the private sector often rolls out
Read MorePhilippines Securities Commission Unveils Online Payment Portal
The Philippines’ Securities and Exchange Commission (SEC) has launched its online payment system for companies to pay their registration fees. The
Read MoreBSP Ramps up Efforts for Digital Payments Ecosystem; Appoints New Deputy Governor
The Bangko Sentral ng Pilipinas (BSP) has established the Payments and Currency Management Sector (PCMS) which is tasked to manage
Read MoreXendit Partners BillEase to Offer BNPL for Filipino Merchants
Indonesian payment gateway Xendit and FDFC, the fintech company behind the Buy Now, Pay Later (BNPL) app BillEase, announced the
Read MoreEducation Financing Startup ErudiFi Raises US$5 Million in Series A Funding Round
ErudiFi, a tech-enabled company providing access to affordable education financing in Southeast Asia, announced the close of a US$5 million
Read MoreTyme Secures US$110 Million Funding, Eyes Virtual Banking License in the Philippines
Tyme, a multi-country digital banking group headquartered in Singapore, announced its US$110 million Series B capital raise, bringing foreign investment
Read MoreCashalo Claims Users’ Accounts Not Compromised Despite Data Breach
Online lending platform Cashalo announced that it had discovered a potential data breach but reassured its users that no customer
Read MoreRCBC’s DiskarTech App Disburses Social Security Loan Proceeds and Benefits
Members of the Social Security System (SSS) nationwide can now get their SSS benefits and loans proceeds through Rizal Commercial
Read MoreBDO Unibank Enables QR Code Withdrawals From Select ATMs
BDO Unibank announced that its customers can now make cardless, QR code-based withdrawals from select ATMs. Customers will have to
Read MorePhilippines Digibank Tonik Taps FinScore’s Alternative Credit Scoring Solution
Philippines digital bank Tonik has selected FinScore, a local alternative credit scoring company to process loan applications for its Filipino
Read MoreAirAsia Philippines Offers Digital Payment Options by GCash and PayMaya
AirAsia is providing its customers with contactless payment options by partnering with GCash and PayMaya. The digital payment option has
Read MorePhilippines Central Bank Updates Guidelines Crypto Exchanges
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on virtual asset service providers (VASP)
Read MoreFinastra, HCL to Provide Cloud-Based Digital Treasury Management for Filipino Banks
Finastra, a financial services software and cloud solutions provider, announced a partnership with HCL Technologies, an Indian multinational technology company,
Read MoreFintech Alliance.PH Urges Enactment of Corporate Tax Incentives Bill
The Fintech Alliance.PH together with 43 other private business groups in the Philippines have expressed support for the Corporate Recovery
Read MoreCIMB Philippines Doubles Customer Base to Over 3 Million
CIMB Bank Philippines had doubled its deposit customer base to exceed 3 million total banking customers with an 800% increase
Read MoreDiskarTech Ranked as the Most Downloaded Finance App in 2020
DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank, has emerged as the Philippines’ number one finance app released in 2020
Read MoreFinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring
UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and
Read MoreGCash Inches Closer to Unicorn Status With $175 Million Capital Raise
Globe Fintech Innovations, Inc. (Mynt), the fintech arm of Globe Telecom and operator of e-wallet GCash, raised over $175 million
Read MoreGCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020
Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year
Read More