Posts From Fintech News Philippines
GCash Took Down Over 4 Million Accounts Linked to Fraudulent Activities
Philippines e-wallet GCash has removed more than 4 million accounts linked to fraudulent activities in 18 months, according to a report by Philstar.com. The company said it is taking steps to protect its users from fraud, including blocking malicious sites
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BSP, Philippines Embassy in Riyadh Team Up to Promote Islamic Banking
The Bangko Sentral ng Pilipinas (BSP) has joined forces with its embassy in Riyadh, Kingdom of Saudi Arabia to develop Islamic banking and finance in the Philippines. Assistant Governor Atty. Arifa A. Ala shared the major milestones in the development
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SEC Aims to Enhance Sustainability Reporting for PLCs
The Philippines’ Securities and Exchange Commission (SEC) is drafting revised guidelines for sustainability reporting by publicly listed companies (PLCs). The new guidelines will aim to ensure consistency and uniformity in the sustainability measures reported by PLCs, as well as enhance
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Fuse Lending and GCash Partner to Offer Nano Loans to Filipinos
Philippines e-wallet GCash its credit affiliate Fuse Lending, a consumer and business lending marketplace, have rolled out ‘GCash Sakto Loans’. This new nano loan offering is designed to help Filipinos borrow small amounts of money conveniently without any paperwork. GCash
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Four E-Wallets Now Accepted in the Philippines Through Alipay+
Ant Group, the operator of Alipay+, has announced that four mobile wallets are now accepted in the Philippine; AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia), and Alipay (Chinese mainland). This means that tourists from
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GCash Will Soon Charge PHP 5 Fee for BPI, UnionBank Cash-Ins
Philippines e-wallet GCash will start charging a PHP5 convenience fee for every cash-in transaction from Bank of the Philippine Islands (BPI) and UnionBank starting in the fourth quarter of 2023, according to a report by Philstar Global. GCash’s President and
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Salmon Expands Physical and Online Loan Repayment Options
Philippines’ consumer fintech Salmon has made it easier for its customers to repay their loans. Salmon launched repayment channels with five institutions, including MLhuillier and SM Bills Payment Centers (SM Stores), that will provide new loan repayment locations. The fintech
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5 Startup Accelerators and Incubators in the Philippines to Know
The fintech industry in the Philippines has witnessed significant growth and development in recent years, driven by a combination of factors including increasing smartphone penetration, a young and digitally-savvy population as well as supportive regulatory changes designed to promote digital
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Salmon’s Super–Charged Journey in AI-Enabled Consumer Lending
Manila-based fintech Salmon has grown rapidly in its first year of operations. From launching its first point-of-sale lending product four months after inception, rolling out its proprietary app, and securing partnerships with leading retailers across the Philippines – the fintech
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Top 13 Upcoming Online and In-Person Fintech Events in the Philippines
In Southeast Asia, the Philippines is emerging as a hub for fintech innovation, fueled by growing consumer adoption of digital financial services and increased deployment of innovative technologies by banking incumbents. As the country’s fintech landscape rapidly evolves, a series
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