Fintech News Philippines

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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How Can Financial Institutions Put a Stop to Account Takeover Attacks

Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO)

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Philippines’ New Generation of Startups Will Boost E-Commerce and Fintech

The Philippines is entering its third generation of startups, building on the groundwork laid by early tech pioneers and innovators

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Philippines’ SEC Issues Guidelines to Stamp Out Predatory Lending Practices

The Securities and Exchange Commission (SEC) has issued draft guidelines for the registration and operation of online lending platforms (OLPs)

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BSP Encourages Public to Use Digital Wallets for Holiday Gift Giving

The Bangko Sentral ng Pilipinas (BSP) is encouraging the public to use digital wallets when sending cash gifts this holiday

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How to Protect Your Ecommerce Business From Fraud This Black Friday and Cyber Monday

As we head into the holiday season, we’re projecting a significant increase in fraud attacks targeting eCommerce businesses. In this

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RCBC’s DiskarTech App Recorded Phenomenal Growth Rate Since Last Year

Rizal Commercial Banking Corporation (RCBC), with its flagship financial inclusion app DiskarTech, has reached a five-digit organic growth in partner

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PLDT and Smart Secure Online Transactions With Vesta’s Anti-Fraud Tools

Philippines’ telecommunications company PLDT and its wireless unit Smart Communications announced that they are utilising Vesta’s anti-fraud solutions to enhance

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BNPL Startup Plentina Raises US$2.2 Million to Accelerate Regional Expansion

Plentina, a Buy Now Pay Later (BNPL) startup for emerging markets, announced that it has raised US$2.2 million in a

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Fintech Alliance.PH Inks Agreement With the Anti Money Laundering Council

The Fintech Alliance.PH announced that it has signed the Information Sharing Protocol (ISP) with the Anti-Money Laundering Council (AMLC) to

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Former Grab Execs Secure Funding for MSME Bookkeeping App Lista

Lista, a bookkeeping app for MSMEs based in the Philippines, has raised an undisclosed sum from oversubscribed round from 1982

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RCBC’s Diskartech Streamlines Onboarding Proccess

Rizal Commercial Banking Corporation’s (RCBC) mass-market super app DiskarTech recently launched its new streamlined onboarding process and expanded the number

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Understanding How Chargeback Fraud Impacts Your Revenue Growth

By understanding how chargeback fraud occurs and how costly it can be for your online business, you can take the

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Fintech Plentina Partner With Ecommerce Platform Shopee in Time for 12.12 Big Christmas Sale

Coming off from completing its fresh venture funding, Plentina, a fintech app that allows Filipinos to purchase their goods and

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Proposed Bill to Tax Digital Transactions a Major Stumbling Block for Adoption

Fintech Alliance.ph, a coalition of fintech and digital companies, has tagged a proposed bill in the House of Representatives to

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PayMaya Rolled Out 160,000 Acceptance Points for QR Merchant Payments

Philippines digital wallet PayMaya is accelerating the rollout of the QR Ph P2M (person-to-merchant) payment facility across its enterprise partners.

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Mynt Secures US$300 Million in Funding, Doubling Its Valuation to US$2 Billion

Mynt, the holding company of Globe’s fintech arm managing the GCash e-wallet, has raised over US$300 million in funding, valuing

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CIMB Philippines Offers Easy Credit Through BNPL Offering for Lalamove Drivers

CIMB Bank Philippines and Lalamove partnered up to provide easy credit access to hundreds of thousands of partner drivers through

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RCBC Now Supports BSP’s Roll Out of Retail QR Payments

Rizal Commercial Banking Corporation (RCBC) now supports Bangko Sentral ng Pilipinas’ (BSP) full roll out of the Person-to-Merchant (P2M) payment

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BancNet Picks FSS to Maximise Billing and Settlement Efficiencies

Financial Software and Systems (FSS), a global provider of integrated payment products and a payments processor, announced a partnership with

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RCBC’s DiskarTech App Connects to DigiPay’s Network of SMEs

The Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech has partnered with digital payments solution platform Digipay. Digipay

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Mynt Emerges as Lone Filipino Startup on Credit Suisse’s ASEAN Unicorn List

Mynt, the holding company of Globe’s fintech arm managing the GCash e-wallet, is the lone Philippines startup that made it

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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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