Posts From Fintech News Philippines
RCBC Becomes the Latest Addition to the ASEAN Financial Innovation Network
The ASEAN Financial Innovation Network (AFIN) has announced the inclusion of Rizal Commercial Banking Corporation (RCBC) among the four new members of the API Exchange during the Singapore FinTech Festival 2020. AFIN was established as a non-profit organisation in 2018
Read More
DigiBankASIA Taps Backbase for Its Prospective Digital Bank UNO
Backbase, a banking software provider, has been selected by DigiBankASIA to offer its full-stack digital engagement banking platform solution for its digital bank UNO. Together with ecosystem partners Mambu and Amazon Web Services (AWS), Backbase is powering UNO to deliver
Read More
BillEase Integrates Buy Now, Pay Later Solution With Leading E-Commerce Platforms
Philippines startup First Digital Finance Corporation (FDFC), announced its partnership with prominent e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring BillEase which is its “Buy Now, Pay Later” (BNPL) solution to online retailers in the Philippines. Merchants that use
Read More
UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion
UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a retail bond on a digital platform leveraging blockchain technology for bond tokenisation. The 3 and 5.25-year dual tranche issuance totaling
Read More
Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems
Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options. The strategic partnership
Read More
Labor Department and RCBC to Disburse Funds for Displaced Filipino Workers
Rizal Commercial Banking Corporation (RCBC) and the Department of Labor and Employment (DOLE) will collaborate for an efficient and quick digital disbursement of cash assistance to displaced local and overseas workers affected by the COVID 19 pandemic. The funds will
Read More
JazzyPay and GCash to Provide Cashless Payment Option for Essential Businesses
Philippine fintech startup JazzyPay has partnered with e-wallet GCash to provide cashless payment solutions to essential businesses. The GCash payment facility is now directly integrated into JazzyPay’s PCI DSS Level 1 compliant platform as a payment method for hospitals, clinics, schools,
Read More
20 Top Emerging Digital Finance Players to Watch in the Philippines
Though in the Philippines fintech is still in the infancy stage, adoption of digital financial services is on the rise. COVID-19 is further accelerating consumers’ shift to digital channels. A survey conducted earlier this year by PayPal showed that 87%
Read More
8 Top Funded Fintech Startups in the Philippines 2020
The Philippines is home to a striving fintech industry comprising more than 190 ventures operating in lending, payments, credit scoring, and more and the top funded fintech startups in the Philippines gives us a sense of what investors and startups
Read More
Philippines Is The Latest to Approve a Digital Banking Framework
The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications. A digital bank is defined as a bank that offers financial products and services that are
Read More