Posts From Fintech News Philippines
GCash Partners With BPI to Expand Its Retail Investment Offering
Mobile wallet GCash has teamed up with the Bank of the Philippine Islands (BPI) to further broaden its retail offerings and provide customers with more opportunities to grow their funds. This follows GCash’s move to make it possible for Filipinos
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Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments
In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud shows. Embedded
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Philippines’ SEC Grants Licenses to Two Crowdfunding Firms
The Securities and Exchange Commission (SEC) has granted crowdfunding licenses to SeedIn Technology and Eastern Securities Development Corporation. This will allow both entities to act as crowdfunding intermediaries and operate crowdfunding portals, providing the country’s small, medium and emerging enterprises
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Here Are 9 Key Pains Points Up-And-Coming Fintechs Should Look Out For
In a fintech startup’s race to scale up, they will face challenges across many fronts, including improving product profitability, recruiting and retaining talent, managing risks as well as complying with regulations. In this article, Oracle NetSuite addresses the 9 key emerging
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BSP Supports Duterte’s Executive Order to Accept National ID for All Transactions
The Bangko Sentral ng Pilipinas (BSP) supports President Rodrigo Duterte’s executive order to institutionalise the acceptance of the Philippine Identification (PhilID) or Philippine Identification System (PhilSys). This will enable the use of PhilID and PhilSys as sufficient proof of identity
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PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer
Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief
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Fintech Alliance.PH Set to Bolster BSP’s New Financial Inclusion Strategy
The Fintech Alliance.PH remains committed to bolster the Philippines’ government bold moves to ensure more of the unbanked and underserved population will be onboarded into the formal financial system in the next six years. In a hybrid live and online
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BTI Payments Offers Innovative Self-Service Kiosks for Unbanked and Underserved
Self-service kiosks are a safer alternative, especially in today’s challenging times of COVID-19 because they are contactless. It provides a safer and more convenient way for people to meet their transactional requirements. For a country like the Philippines, where there
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PayMongo Secures US$31 Million Series B to Venture Into the BNPL Space
Philippines’ payment processing startup PayMongo announced that it has secured US$31 million in a Series B funding round. The round brings the company’s total funding to just under US$46 million, following a US$12 million Series A round in 2020 and
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BSP Aims to Meet Its Financial Inclusion Target by 2023 With New Blueprint
The Bangko Sentral ng Pilipinas (BSP) has rolled out an updated National Strategy for Financial Inclusion (NSFI) 2022-2028. The NSFI is a blueprint for broad-based growth and financial resilience, and shows the collective commitment of the government, private sector, and
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