Posts From Fintech News Philippines
Asset Manager ATRAM Taps additiv to Digitise Its Wealth Management Platform
ATRAM Trust Corporation (ATRAM), an independent asset and wealth manager in the Philippines, announced that it has signed a strategic partnership with global wealthtech platform provider additiv. The strategic partnership will enable ATRAM to digitise their wealth management platform that
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UnionDigital Bank Secures BSP’s Approval to Begin Operations
UnionDigital Bank announced that it has secured the necessary approval from the Bangko Sentral ng Pilipinas (BSP) to operate as a digital bank on July 12, 2022. The receipt of a Certificate of Authority (COA) is the final step in
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Payment Managers Are Redefining Their Strategic Priorities for 2022
It is evident that digital acceleration is creating a new payments paradigm as corporate non-cash payments are forecasted to reach US$200 billion transactions by 2025. Shifting global payments priorities are placing new pressures on payments operations. Payments executives are facing
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GrabPay Pushes Back InstaPay Transfer Fee to August
Southeast Asia ride hailing superapp Grab announced via an app advisory that it will delay charging additional fees for InstaPay transactions until August 8 this year. InstaPay is a real-time electronic payments system that had recently been designated as a
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BSP Names PESONet, InstaPay as Prominently Important Payment Systems
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board has named PESONet and InstaPay as Prominently Important Payment Systems (PIPS) pursuant to the National Payment Systems Act (NPSA). PESONet and InstaPay are digital payment schemes launched in 2017-2018 under the National Retail
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Philippines’ Post Office Partners With UBX to Drive Financial Inclusion
The Philippine Postal Corporation (Post Office) has partnered with UBX, a fintech unit created by the Union Bank of the Philippines, to launch a capacity development project which will allow the postal agency to offer financial services. Under the partnership,
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BSP Now on Its Third Phase of Sustainability-Related Regulations
The Bangko Sentral ng Pilipinas (BSP) is now on its third phase of sustainability-related regulations with the recent release of draft guidelines on the integration of sustainability principles in banks’ investment activities. The central bank said that the finalisation of
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Demand for Sustainable Finance on the Rise in APAC
Across Asia-Pacific (APAC), sustainable finance services are growing in popularity among consumers. But despite rising demand for greener and more sustainable products, skepticism remains over how strongly banks are committed to their sustainability agenda. This is according to a new
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BSP Says Digital Payments Exceeded 30% In 2021
The share of digital payments to total retail payments volume in the Philippines rose to 30.3% in 2021 from 20.1% in 2020, according to the latest e-payments data of the Bangko Sentral ng Pilipinas (BSP). The value of digital payments
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RCBC Collaborates With the CDA to Digitalise Cooperatives in the Philippines
Rizal Commercial Banking Corporation (RCBC) inked a collaboration with the Cooperative Development Authority (CDA) to digitalise cooperatives nationwide. The partnership dubbed ‘Madiskarteng Pilipino, Madiskarteng Kilusang Kooperatibismo’ aims to support cooperative members through digital financial inclusion and educate them on personal
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