Posts From Fintech News Philippines
13 Fintech Events in the Philippines to Attend in 2023
Adoption of digital financial services has risen substantially in the Philippines over the past years. As fintech and technology continue to revamp the Philippine financial landscape, we’ve curated a list of 13 upcoming fintech conferences and gatherings taking place this
Read More
GCash Denies Hacking Claims, Adjusts Users’ Balance After Unauthorised Deductions
Philippines’ mobile wallet GCash set out to reassure its 81 million users that no funds have been lost from their app following multiple reports of unauthorised deductions from their personal accounts. Earlier reports said that close to PHP 37 million
Read More
SIM Registration Urged as 20% Risk Losing Access Digital Payments
The FinTech Alliance Philippines encourages mobile phone users to register their SIM cards in compliance with the nationwide SIM Registration Act (RA 11934). Unregistered SIM cards will be deactivated after July 26, 2023, potentially affecting 20 percent of mobile phone
Read More
GCash and Maya Among Best Workplaces for Filipinos to Grow a Career, Says LinkedIn
Fintech unicorn Mynt (GCash) and digital bank Maya has carved out a place in the top 3 of LinkedIn’s ranking for the best workplaces to grow a career in the Philippines this year. The 3rd annual LinkedIn Top Companies had
Read More
Deconstructing the Evolution of the Fintech Sector in Asia
Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it has undergone a massive evolution. A fluctuating economic climate has seen some startups go public, while others have gone under
Read More
MPT Mobility Taps Brankas to Enable Instant Toll Reloads via Bank Accounts
Open banking solution provider Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines to reload using their local bank accounts. MPT Mobility is a subsidiary and the innovations arm of Metro Pacific Tollways
Read More
Fintech Salmon Gets a Boost From Finscore’s Telco Data-Based Credit Scoring
Fintech startup Salmon has selected Philippines-based alternative credit scoring provider FinScore to offer flexible financing terms and generous loan amounts to merchants as well as the ability to defer shopping bills over several monthly installments to buyers. Powered by FinScore’s
Read More
BSP: ASEAN’s 5 Biggest Economies to Link Real-Time Payments Within 3 Years
Bangko Sentral ng Pilipinas (BSP) governor Felipe M. Medalla believes payment connectivity between the five largest economies of the Association of Southeast Asian Nations (ASEAN), namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand, could be implemented within the next two
Read More
Philippine Startup Investment Reaches New High; Fintech Takes Lion’s Share in Early-Stage Funding
In 2022, startup investment reached new heights in the Philippines, defying trends observed around the world and the global funding downturn. Fintech companies took the lion’s share in early-stage private funding, securing 39% of all investments raised in 2021-2022, a
Read More
BSP Gives Nod for New Rules on e-KYC Using Digital IDs
The Bangko Sentral ng Pilipinas (BSP) has approved amendments to its due diligence regulations to include electronic Know-Your-Customer (e-KYC) using digital identity. The new rules set out the requirements for the use of digital identification and verification as part of
Read More