Fintech News Philippines

PayMaya Teams up With bolttech to Offer Microinsurance for Filipinos

Philippines digital wallet PayMaya has teamed up with Singaporean insurtech bolttech to give Filipinos easier access to affordable microinsurance and

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BSP Fully Rolls Out Person-To-Merchant QR Code System

The Bangko Sentral ng Pilipinas (BSP) has fully rolled out the QR Ph Person-to-Merchant (P2M) payment facility with the Philippine Payments

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Philippines’ Cantilan Bank Partners AFIN to Roll Out Mobile App for the Unbanked

Philippines rural bank Cantilan Bank (CANBNK) partnered the ASEAN Financial Innovation Network (AFIN) to launch its new mobile banking application

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Buy Now, Pay Later Fraud: How to Stop it From Impacting Your Bottom Line

Buy now, pay later (BNPL) payments have become the latest target for fraudsters. In this article, explore why BNPL is

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4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This

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How Is the Philippines Gearing Up to Be a Digital-Heavy and Cash-Light Society?

The Governor of Bangko Sentral ng Pilipinas (BSP), Benjamin E. Diokno has a vision of transforming the Philippines into a

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70% of Filipino Banks Find it Difficult to Keep up With Customer Expectations

Changing consumer expectations and a fast-evolving banking landscape are posing challenges for incumbents to keep up. Despite the realization that

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Veteran Banker Angelo Madrid to Head PayMaya’s Digital Bank as President

Philippines digital and financial services firm Voyager Innovations has appointed seasoned banker Angelo Madrid as President of Maya Bank, its

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Dragonpay Taps TripleA to Offer Crypto Payments to Filipino Merchants

Philippines’ payments firm Dragonpay announced that it has partnered with TripleA to roll out crypto payments to thousands of merchants

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BSP Deepens Industry Partnership to Roll Out Payments Digitalisation Initiatives

The Bangko Sentral ng Pilipinas (BSP) and the payment systems industry are set to rollout an array of initiatives that

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Global Report Reveals Filipino Banks Face Extinction Unless They Embrace Digitisation

Three in five banks believe they will cease to exist within five to ten years unless they change their business

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Fintech Alliance.PH Condemns Irresponsible Data Harvesting by Online Lenders

The Fintech Alliance.PH, the National Privacy Commission (NPC) and various industry players have joined forces in condemning the insidious practice

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How Will Branch Banking Evolve in the Digital Age?

With digital adoption spiking up in recent years coupled with Bangko Sentral Ng Pilipinas’ recent introduction of the digital banking

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PhilSys: Key Building Block for Greater Financial Inclusivity in the Philippines

In August 2018, President Rodrigo Duterte signed the Philippine Identification System Act into law to create a national identification system

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Machine Learning: The Future of E-Commerce Fraud Prevention

Machine learning plays a pivotal role in effective fraud prevention systems. In this article, learn how machine learning can significantly

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Fintech Alliance.PH Partners 10×1000 Tech to Roll Out Fintech Programme for Filipinos

Fintech training platform 10×1000 Tech for Inclusion launched its latest global Fintech Foundation Programme Flex, an online certificate programme with

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RCBC’s DiskarTech App Rakes In PHP 11.8 Billion in Transactions a Year After Launch

Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech has booked a gross transaction value in excess of P11.8

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Voyager’s PayMaya Bags Sixth Digital Bank License From BSP

Bangko Sentral ng Pilipinas (BSP) has awarded the sixth digital banking license to Voyager Innovations (Voyager), through its financial technology

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BSP, French Development Agency Sign PHP 41.3 Million Grant for Financial Inclusion Push

Bangko Sentral ng Pilipinas (BSP) and the Agence Française de Développement (AFD) signed a grant facility agreement of 700,000 Euros

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Tonik Ventures Into the Consumer Lending Market With ‘Quick Loan’ Offering

Philippines’ neobank Tonik announced that it has launched a Quick Loan product on its platform marking its venture into the

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Welcome Bank Links up With FinScore for Alternative Credit Scoring

Philippines-based alternative credit scoring provider FinScore has partnered with Welcome Bank (Rural Bank), one of the subsidiaries of Korea’s Welcome

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in

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Fraud Prevention Tactics for Cross-Border eCommerce Businesses

Making the decision to take your eCommerce business global can be a lucrative one, but also introduces a higher risk

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FICO Survey: Filipinos Say Financial Institutions Ask Too Many Questions

Data analytics company FICO’s digital banking survey shows that people in the Philippines expect a seamless banking experience when it

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Mambu’s Finding Reveals Risks if Banks Do Not Evolve

Banking and financial services platform Mambu shares its “Reinventing Banks as Disruptors” whitepaper to help financial institutions get ready for

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PERA HUB Join Forces With Brankas to Launch Digital Remittance Platform

Philippines’ financial services center PERA HUB has joined forces with Brankas, an Indonesian open API technology provider, to launch a

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BSP Will No Longer Be Accepting Digital Bank Applications

Bangko Sentral ng Pilipinas (BSP) announced that it will no longer be receiving applications for new digital banks including banks

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Tonik Issues Numberless Physical Debit Card

Tonik, a Filipino digital bank that was recently licensed by the Bangko Sentral ng Pilipinas (BSP), has launched the physical

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Crypto Exchange PDAX Bags US$12.5 Million in Fundraise Joined by Unionbank’s UBX

The Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange licensed by the Bangko Sentral ng Pilipinas, announced that it has

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How to Prevent Promo Abuse Fraud From Damaging Your eCommerce Business

In this article, learn about what promo abuse fraud is and the steps you can take to prevent it from

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