Posts From Fintech News Philippines
Tonik Set to Offer Payroll-Enabled Financial Services With TendoPay Acquisition
Tonik Financial, the parent company of digital bank Tonik, announced that it has inked an agreement to acquire the Philippines’ business of fintech firm Tendo Payment Solutions for an undisclosed sum. The deal is subject to the approval of relevant
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BSP, Philippine Payments Management Launches ‘Bills Pay PH’
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management (PPMI) launched “Bills Pay PH” in line with continuing efforts to digitalise the country’s retail payments landscape. Bills Pay PH facilitates digital transactions between accounts from different payment service
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Citi Loans US$20 Million to ASA Philippines to Support Women-Led MSMEs
The ASA Philippines Foundation, a non-profit prganisation, secured a US$20 million loan (over PHP 1 billion) from Citi Philippines to provide financial assistance to low-income women for entrepreneurial ventures in the country. This loan aims to support nearly 70,000 female
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Agile Banking Transformation: A New Era in Banking
The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world, now actively pursuing digital transformation strategies. For many of these organisations, it has been the impact
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BTI Payments Launches Self-Service Pay&Go Kiosks in Ayala Malls Nationwide
BTI Payments, a subsidiary of Australian ATM and payment technology leader Banktech, recently partnered with Ayala Malls to launch their Pay&Go kiosks at Ayala establishments around the country. Strategically placed self-service kiosks in Ayala Malls in key urban areas will
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Ingenico and Premise Partner to Provide Cash-Driven Merchants Digital Payment Solutions
Embedded banking platform Premise has partnered with French payments company Ingenico to provide digital payment solutions to cash-driven micro merchants across the Philippines. Premise will deploy Ingenico’s Android payment terminal to enable cashless payment methods, and link to its cloud-based
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3 Ways Machine Learning Can Enhance Your Lending Process
A vast majority of the populations in the emerging markets of Southeast Asia, Latin America, and India are at the cusp of financial inclusion, thanks to the growing availability and adoption of digital lending services. The fintech-as-a-service market is predicted
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RCBC Receives US$460M Strategic Investment From SMBC
Sumitomo Mitsui Banking Corporation (SMBC) has increased its stake in Rizal Commercial Banking Corporation (RCBC) from 4.999% to 20.0%, providing an injection of PhP 27.126 billion (approximately US$ 460.78 million) in capital. SMBC’s strategic investment is said to be part
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Here’s How Okta Helped Singlife with Aviva Deliver a Seamless Login Experience
Singlife with Aviva was formed through the merger of Singlife and Aviva Singapore, bringing together one of the world’s oldest insurers with Singapore’s youngest homegrown financial services company. While the merger was officially completed in January 2022, it also presented
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UnionBank’s Crypto Services Pilot Goes Live on METACO’s Harmonize
Digital asset technology provider METACO announced that UnionBank has gone live on its flagship platform to pilot the launch of crypto services for its clients. UnionBank leverages Harmonize, METACO’s digital asset custody and orchestration platform, as a fully managed service
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