Posts From Fintech News Philippines
Mynt’s GCash Clocks Over 60 Million Registered Users
GCash, a Philippines’ mobile wallet operated by Mynt under Globe’s corporate venture builder 917Ventures, announced that it now has over 60 million registered users and more than five million merchants nationwide. Additionally, GCash said that it records 29 million daily
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BSP and PPMI Set to Launch Three E-Payment Streams Over the Next Two Years
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) will launch three e-payment streams as part of a push to broaden the use of digital payments over the next two years. BSP’s Governor Benjamin E. Diokno
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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise
The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed that 40% of banks in the Asia Pacific will make significant changes to their current core banking systems in the
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Coins.ph Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence
Philippines’ fiat and crypto wallet services provider Coins.ph announced that it has closed a US$30 million Series C financing led by Ribbit Capital, and joined by other strategic investors. The company said that the new capital will be used to
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GCash Partners With Generali Philippines to Roll Out More Insurance Packages
Philippines’ mobile wallet GCash has teamed up with Generali Philippines to offer four affordable insurance packages on GCash’s GLife feature. GLife is a lifestyle “mini app” within GCash that offers food, groceries, gadgets, fashion, beauty products, and now insurance to
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Understand These Important Points if You Are a Retail Trader
According to statistics on the websites of many forex & CFD brokers, an average of 77% of traders lose money trading derivatives. Other reports also say 90% of traders lose money trading online on a general scale be it equity,
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BSP Lauds the Government’s Move to Shift to Digital Payments
The Bangko Sentral ng Pilipinas (BSP) says the issuance of the executive order on the adoption of digital payments for government disbursements and collections is a welcome move. The executive order mandates all departments, agencies, and instrumentalities of the government,
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Grab Philippines Rolls Out Business Loan Offering for Its Merchants
Grab, through its SEC-licensed lending arm known as Grab Financial Services Philippines, announced that it has launched its new loan service programme for its merchant partners known as Quick Cash. With Quick Cash’s fast disbursal and easy application process, merchants
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Bangko Sentral ng Pilipinas Employs Machine Learning to Enhance Suptech Efforts
The Bangko Sentral ng Pilipinas (BSP) is exploring applications of machine learning (ML) techniques, particularly in the areas of natural language processing, nowcasting, and banking supervision. Natural language processing at the BSP is used to convert text into data to
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Australian Fintech Peppermint Secures E-Money License From BSP
Peppermint Innovation, an Australian fintech listed on the ASX, announced that its subsidiary has secured an Electronic Money Issuer (EMI) license from the Bangko Sentral ng Pilipinas (BSP). The EMI license authorises Peppermint Bizmoto Inc. (PBI) to deliver e-wallet services
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