Posts From Fintech News Philippines

Nearly a Quarter of All VC Funding in the Philippines Goes to Fintech

In 2023, the Philippines showcased its resilience despite macroeconomic headwinds that challenged the international venture capital (VC) scene. New data released by local VC firm Foxmont Capital Partners and the Boston Consulting Group (BCG) show that VC funding in the

Read More

Singlife Philippines Secures US$10.65 Million Funding to Push Digital Insurance

Singlife Philippines has recently enhanced its financial reserves through a P600 million (approximately funding from its principal backer, Singapore Life Holdings Pte. Ltd. This infusion is intended to bolster the company’s innovation and growth, with a particular emphasis on digital

Read More

PDAX Steels Itself for Impact of Bitcoin Halving on Cryptocurrency Landscape

In a recent address at the “What’s Halvening? Token Tales and Toasts” gathering in Rockwell, Makati City, PDAX CEO Nichel Gaba shed light on the platform’s preparedness for the anticipated Bitcoin halving. This process is integral to the cryptocurrency sector,

Read More

PayPal and GCash Forge Ties to Streamline Payments for Filipino Freelancers

Super app GCash has announced an enhancement of its partnership with the global online payment giant PayPal. This collaboration is set to benefit the Philippines’ freelancer and e-commerce entrepreneur community by introducing an improved ‘PayPal Cash-In’ feature within the GCash

Read More

Landbank Looks to Boost Digital Services to Streamline Customer Experience

State-operated Land Bank of the Philippines (Landbank) is setting its sights on minimising traditional over-the-counter transactions by encouraging its customers to utilise its digital services. Lynette Ortiz, President and CEO of Landbank, articulated the bank’s objective to usher clients towards

Read More

Stables to Facilitate Remittances Between Australia and The Philippines

Stables, an Australian firm specialising in digital wallet and payment solutions, has announced the introduction of international remittance services, catering primarily to the financial exchange between Australia and the Philippines. Stables’ clientele, who are spread across more than 130 countries,

Read More

UBX Introducing Philippine Peso Stablecoin on Polygon to Enhance Remittances

UBX, the digital subsidiary of the Aboitiz Group, has disclosed its plans to launch a stablecoin pegged to the Philippine peso, utilising the Polygon PoS blockchain technology. This initiative is aimed at enhancing the efficiency and cost-effectiveness of remittance processes

Read More

Philippines’ SEC Moves to Block Binance Amid Licensing Concerns

In a significant development, the Philippines’ Securities and Exchange Commission (SEC) has escalated its actions against the unlicensed operations of Binance, the globally renowned leading cryptocurrency exchange, until recently. This move comes after the SEC’s decision, during their meeting on

Read More

YGG Partners with Coins.ph for Efficient Token Transfers to Ronin

In an effort to streamline and economise the transfer of its tokens to the Ronin blockchain network, Yield Guild Games (YGG) has joined forces with the cryptocurrency exchange Coins.ph. This collaboration aims to alleviate the financial burden for those involved

Read More

BSP Introduces Payment Manual To Sets Standards for System Participants

In an effort to consolidate and clarify the regulatory framework of the Philippines’ National Payment System (NPS), the Bangko Sentral ng Pilipinas (BSP) has introduced its first-ever Manual of Regulations for Payment Systems (MORPS). According to the central bank, the

Read More