Posts From Fintech News Philippines
ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks
the Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks, plus a bank consortium in the Philippines. This financial assistance aims to facilitate these banks in adopting digital technologies to
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BPI Wealth AUM Surpasses P1 Trillion Mark, Sets Sights to Expand Offerings
BPI Wealth, the wealth management subsidiary of the Bank of the Philippine Islands (BPI), is preparing for a substantial increase in its assets under management (AUM) in the coming year, driven by a favourable economic environment and the introduction of
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UNO Digital Bank Secures $32.1 Million in Funding to Fuel Expansion
UNOAsia Pte Ltd has secured US$32.1 million in a recent pre-Series B funding round, with the mix of equity and debt funding aimed at reinforcing the operations of UNO Digital Bank in the region, with a particular focus on technology
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GCash Partners Philippines’ Cybercrime Agency to Combat Financial Fraud
In an effort to tackle the increasing instances of financial fraud in the country, the e-wallet GCash has joined forces with the Cybercrime Investigation and Coordinating Center (CICC), a move designed to enhance real-time protection against cybercrime for the public.
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Atome, Mastercard Unveil Card Feature with Gaming Credits and Rewards Exchange
Atome has collaborated with Mastercard to enhance the gaming experience for its users in the Philippines. This collaboration enables Atome Card holders to convert their Atome rewards points into gaming credits through the Mastercard Gamer Xchange (MGX). The initiative is
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BSP Reports Record Highs From Overseas Remittances in the Philippines
In December 2023, personal remittances from overseas Filipinos achieved a record high in the Philippines, reaching US$3.6 billion, an increase of 3.9% from the US$3.5 billion reported in December 2022. This growth, as detailed by the Bangko Sentral ng Pilipinas
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Tonik Introduces ‘Luv Stash’, a Savings Product for Couples to Earn 4.5% Interest
Following Valentine’s Day last week, Tonik Digital Bank has recently unveiled ‘Luv Stash,’ a novel savings product. This facility stands out in the market by allowing two individuals to jointly save whilst earning an interest rate of 4.5%. The idea
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GCash Broadens Remittance Services Expansion To Another 10 Countries
GCash has announced its continuing global expansion by securing regulatory approval to extend its services to an additional ten countries, following approval from the Bangko Sentral ng Pilipinas (BSP). This expansion enables the service to facilitate smoother financial transactions for
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BSP Lauds Rise in Digital Payment Technology in the Philippines
The Bangko Sentral ng Pilipinas (BSP) has reported on the ongoing expansion of digital payment technologies, noting their significant role in enhancing the delivery of financial services to unbanked populations and micro, small, and medium enterprises (MSMEs). This development is
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GCash’s GStocks PH Spearheads Efforts to Diversify Filipino Investment Access
In light of forecasts predicting a rebound in the Philippine stock market in 2024, the financial application GCash has expanded its services to include GStocks PH, a stock investment feature developed in collaboration with AB Capital Securities Inc. (ABCSI) in
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