Digital payment gateway PayRex has introduced a new integration to support online transactions through a major mobile wallet. According to an announcement on the PayRex Blog the platform has added support for the widely used digital payment method. PayRex has officially integrated Google Pay to provide a frictionless checkout experience for online merchants. The integration allows businesses to accept payments securely and rapidly without requiring customers to manually enter card details. Shoppers can simply select the digital wallet at checkout and authenticate the transaction using their device’s biometrics. This streamlined process reduces cart abandonment and significantly boosts conversion rates for…

After successfully building digital banks across two continents, Tyme Group is now eyeing their 3rd GoTyme Bank. Rachel Freeman, Chief Growth Officer, shared that they are looking to decide within the 12 months time frame and hinted at some potential markets. Anxin Leong, also weighed in on the IPO timing, explaining why a listing remains a matter of when, not if, but 2029 or 2030 is a more realistic window than the 2028 target previously floated by CEO Coen Jonker. In this episode: The shortlist for the third market and the 6 to 12 month decision window How the kiosk…

Global financial technology platform Pine Labs has partnered with GCash to expand its merchant operations across the Philippines. This partnership will integrate instalment payment plans, rewards and cashback features into existing merchant acquiring solutions. The integration will also support the acceptance of multiple digital payment methods, including card and quick response code transactions. The collaboration intends to provide micro, small, and medium enterprises with a smarter and more robust financial technology infrastructure. The mobile wallet currently offers digital payment solutions such as PocketPay. This specific tool allows merchants to turn any smartphone into a point of sale terminal. Local merchants…

The Philippines central bank has ordered local banks and financial firms to enhance their security measures for digital transactions and merchant accounts. According to a report by The Manila Times, the regulator aims to curb risks related to money laundering and illegal financial activities. The BSP has instructed financial institutions across the Philippines to strengthen their safeguards for QR payment systems and merchant accounts. The directive was issued through a new memorandum reminding supervised institutions to maintain effective account monitoring practices. Regulators emphasised that onboarding procedures must remain commensurate with the risks posed by the growing use of digital transactions.…

The City of Victorias local government unit has officially launched the VICitizen, a digital ID card developed in partnership with Visa and GCash to serve as a modern local government ID. This comprehensive card functions as a valid identification document, alongside acting as a digital prepaid card and cashless payment tool. Local authorities initially distributed the physical cards to senior citizens, solo parents and persons with disabilities across the province. The initiative allows vulnerable users to safely receive government financial aid directly to their accounts. Cardholders can also use the newly issued tool to withdraw cash from automated teller machines…

FinTech Alliance.PH and M&T Consultants Islamic Co have signed a memorandum of understanding to strengthen the local ethical finance ecosystem. The partnership aims to modernise the financial sector by bringing Shariah-compliant solutions to both Muslim and non Muslim citizens. This collaboration also aims to accelerate the development of Islamic fintech within the Philippines and promote broader regional integration. The agreement will facilitate technical advisory and global certification pathways to align the local digital finance landscape with international standards. The two entities also committed to supporting regulators in their efforts to champion a robust and inclusive financial environment nationwide. This initiative…

The Asian Development Bank (ADB) has entered into a Risk Participation Agreement with Security Bank to expand supply chain finance access for small businesses (SMEs) across the Philippines. According to a report by the Philippine News Agency, the deal marks the first agreement of this kind signed by the multilateral lender with a local bank. Under the agreement, the multilateral lender will share and diversify credit exposure through its Trade and Supply Chain Finance Programme. This structure enables the local bank to extend further financing to support more local suppliers. The initiative will help businesses receive earlier payments and manage…

Tonik has reported positive consolidated cash net income for the first quarter of 2026, achieving sustained profitability. The company’s regulated subsidiary, Tonik Digital Bank, also achieved International Financial Reporting Standards (IFRS) profitability for the entire quarter. The financial result follows Tonik’s strategic focus on consumer lending rather than solely acquiring users or building payment volumes. By targeting the large segment of Filipinos unserved by formal bank lenders, the institution built a credit-heavy balance sheet that generates significantly higher revenue per client than pure payment services. As of April 2026, Tonik expanded its loan portfolio to US$110 million, increasing 2.3 times…

Bayad has introduced a new payment service that allows any Meralco customers to settle disconnected utility accounts across more than 500 physical centres nationwide. Any disconnected Meralco payment can now be processed through Bayad rather than requiring a direct visit to a utility branch. This wider accessibility aims to ease congestion in utility offices and bring reconnection services closer to local communities. The service has expanded to over 1000 physical touchpoints following a successful initial rollout. Retail and financial partners now include Robinsons Supermarket and Robinsons Department Store alongside Raquel Pawnshop and Villarica Pawnshop. As part of the MVP Group,…

The Consumer Lending Association of the Philippines has convened leaders from the government and financial technology sectors to address the growing crisis of financial scams and fraud. The Decoding Deceit 2026 symposium highlighted the need for an offensive approach to combat cybercrime. This shift in strategy becomes crucial as digital transaction volumes continue to rise. Regulators from the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas shared their concerns at the event. They underscored that lending scams in the Philippines have evolved into a national economic threat. This trend is reportedly pushing vulnerable Filipinos out of the formal…

The Securities and Exchange Commission (SEC) has launched a comprehensive digital reference rulebook to simplify public access to local capital market rules. The regulator published the Annotated Consolidated Reference of the 2015 Implementing Rules and Regulations on 8 May 2026. This online document integrates all the Philippines SEC regulation updates from 2000 to 2026 into a single centralised resource. Stakeholders can access the consolidated rules directly through the official website of the commission. Since the rollout of the 2015 rules, the regulator has released over 60 memorandums and issuances. These updates were designed to address evolving market conditions. These continuous…

Sumsub has launched a new fraud management bundle for financial institutions in the Philippines to help local banks comply with the Anti-Financial Account Scamming Act (AFASA) before it takes full effect on June 25 2026. The new compliance suite combines rule-based fraud detection with dynamic risk scoring. This hybrid model enables institutions to identify and act on suspicious transactions in real time to support fraud prevention and fund recovery. The launch of the fraud prevention suite from Sumsub responds to the AFASA regulatory changes happening in the Philippines and a sharp rise in artificial intelligence-driven scams. Sumsub reported that deepfake…

Bank of the Philippine Islands (BPI) has shifted 100 of its branches to run entirely on clean, renewable energy to advance its low-carbon operations. The Daily Tribune reported the milestone, highlighting the broader effort of the bank to reduce its corporate carbon footprint. The recent transition includes 30 branches participating in the Retail Aggregation Programme of the Department of Energy. This specific BPI renewable energy initiative allows the bank to source electricity directly from licensed green power suppliers. “Transitioning the operations of 100 BPI branches to use fully renewable energy is a clear demonstration of how we put our sustainability…

UnionBank of the Philippines has renewed its partnership with Soirée by Retail Lab to support local small and medium enterprises for a full year by helping them to reach a wider market while using modern digital payment tools. The collaboration will feature four bazaar events across Metro Manila in 2026. The partnership will kick off with a summer event on May 16 and 17 at The Fifth Rockwell in Makati City. A subsequent sale will take place in September, followed by two holiday events at the SMX Convention Center Aura in December. At the bazaars, participating merchants can manage their…

Filipino consumers and small businesses will soon have faster access to global cross-border money transfers following a new partnership between Visa and the Bank of the Philippine Islands (BPI). According to a recent announcement by Visa, the two companies are rolling out Visa Direct to enable real-time push payments across the country. The initiative allows bank clients to send funds directly to international bank accounts, cards, and digital wallets. This BPI Visa cross-border integration operates directly through the mobile application of the bank, reducing processing times for overseas transactions. Joel De Vera, Head of Strategy, Products, and Support for BPI…

Less than 1% of transactions are agentic today. Trulioo’s CPO believes that could reach 75% within a year, and most of the industry has no trust framework in place. Zach Cohen is the Chief Product Officer at Trulioo, a global identity verification platform that helps financial services companies verify identities and govern transactions across international markets. He leads product strategy at the intersection of AI governance, fraud prevention, and digital identity, and joins FNN to explain what the financial industry is missing as agentic commerce moves from theory to live deployment. In this episode: Why agentic commerce could jump from…

Australian fintech company Peppermint Innovation is accelerating the rollout of its digital wallet and payments services into the Philippines following a surge in transaction volumes and strategic capital injections. According to a report by The Globe and Mail, the company is expanding its footprint as usage of its regulated platforms continues to climb. Peppermint recently secured a strategic investment of AU$ 2.1 million from local sector participants, aiming to use the funding to support the ongoing expansion of its payments services into the Philippines. The funding aims to scale the bizmoto digital wallet and accelerate active user acquisition across the…

TrueMoney has officially ceased its commercial services and operations in the Philippines as of 30 April 2026, marking a planned exit from the local market. The market exit was confirmed in a company statement and recently reported by Tech in Asia. The decision to wind down TrueMoney Philippines operations follows a decade of providing digital financial services in the country. Over the past ten years, the fintech firm served more than five million customers nationwide. It also empowered over 20,000 small and medium enterprises by expanding access to digital payments and remittances. Its core product offerings included mobile top-ups, lending,…

The Securities and Exchange Commission (SEC) of the Philippines has issued an advisory against a fraudulent online platform performing scams by impersonating a legitimate retail corporation, Shopwise Online Work Platform. The fake platform is said to have deceived the public through a job offer and a recharging scam. A recent SEC Philippines warning clarified that the bogus entity pretending to be SHOPWISE and conducting scams has no connection to the registered retailer Shopwise Inc. According to the regulator, the group recruits individuals by offering fake part-time jobs through social media platforms like Facebook and messaging applications. The scheme requires victims…

In the Philippines, fintech usage is expanding. E-wallets now serve more than 70 million users, while, InstaPay, the country’s instant payment system, recorded 4.6 billion transactions in 2025, marking more than a threefold increase from 1.4 billion in 2024 and reflecting the growing shift toward digital payments. This burgeoning landscape is now witnessing a rise in domestic fintech events, enabling industry stakeholders to exchange insights, connect, and explore the latest innovations happening in the space. Among the events scheduled for the remainder of 2026, the following ten are standing as the most significant gatherings. These event are expected to bring…