Blockchain

I-Remit Taps Ripple’s Liquidity Solution for Same-Day Settlements Globally

I-Remit, a non-bank remittance service provider in the Philippines, will leverage Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows. As a partner of Ripple since 2018, I-Remit is an early adopter of ODL and has been using

Read More

Gcash Partners Roxe to Provide Affordable Blockchain-Based Cross Border Payments

Blockchain infrastructure company Roxe announced that it has partnered with G-Xchange’s GCash to enable affordable cross-border payments. The partnership connects GCash to Roxe’s blockchain-based payment network, where users from around the world can send funds to GCash’s customers. Roxe says

Read More

Coins.ph and OK Remit to Enable Low-Cost Remittances From Japan to the Philippines

Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, and Asian Net, a money transfer company in Japan operating under the brand name of OK Remit, have jointly launched the On-Demand Liquidity (ODL) service on RippleNet to enable instant,

Read More

PDS Group Launches Blockchain-Based Digital Bond With STACS as Its Tech Partner

The Philippine Dealing System Holdings Corp. (PDS Group) announced the launch of a fully digitally native bond, issued on a distributed ledger technology (DLT) network powered by Hashstacs (STACS), a Singapore-headquartered fintech firm. The digital bond was issued by the

Read More

BSP Set to Pilot Wholesale Central Bank Digital Currency Project

The Bangko Sentral ng Pilipinas (BSP) announced that it has decided to pursue the pilot project of a wholesale central bank digital currency (CBDC) as part of its efforts to promote the stability of the country’s payment system. Dubbed Project

Read More

PayMaya Enables In-App Crypto Investments From as Low as PHP 1

Philippines digital wallet PayMaya has now enabled Filipinos to easily buy and earn cryptos such as Bitcoin and Ethereum from PHP 1 for an all-in-one app experience. Licensed by the Bangko Sentral ng Pilipinas (BSP), PayMaya is both an Electronic

Read More

Fintech Takes Lion’s Share of Philippines Tech Funding for Second Consecutive Year

The Philippines’ fintech industry is blossoming on the back of surging funding activity, a conducive regulatory environment, and rapid adoption of digital financial services, a new report by the Boston Consulting Group (BCG) and Foxmont Capital Partners shows. In 2021,

Read More

UnionDigital Bank Partners With YGG to Serve the Play-To-Earn Community

UnionDigital Bank, the digital bank entity of the Union bank of the Philippines, has signed a Memorandum of Understanding with global play-to-earn guild Yield Guild Games (YGG) during its first-ever Managers’ Summit. The partnership between UnionDigital Bank and YGG will

Read More

UnionBank Joins R3’s Digital Currency Sandbox

The Union Bank of the Philippines has become the first commercial bank in the country to be part of the global R3 Sandbox for Digital Currencies. The sandbox brings together commercial banks, central banks, payment providers and exchanges to collaborate

Read More

Crypto Exchange PDAX Secures US$50 Million in Series B Led by Tiger Global

The Philippine Digital Asset Exchange (PDAX) announced that it has raised more than US$50 million in funding led by Tiger Global. Tiger’s investment completes the company’s Series B funding round which began with US$12.5 million in August 2021. Other investors include

Read More