Digital Payments
Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems
Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options. The strategic partnership
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JazzyPay Partners With BPI for Secure Online Payments to Merchants
JazzyPay, a local fintech company, announced its partnership with the Bank of the Philippine Islands (BPI) enabling Filipinos to make secure online payments to essential businesses. JazzyPay offers an online payment gateway system that allows businesses to collect payments via
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Quezon City’s Public Market Embraces Digital Payments With DiskarTech App
Most of the Litex Market’s vendors at Commonwealth Avenue, Quezon City seem to have embraced digital payments with the aid of Rizal Commercial Banking Corporation’s (RCBC) DiskarTech app. They reported that about 197 out of 200 vendors have downloaded the
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BSP Pushes for Financial Inclusion With Digital Payments Transformation Roadmap
The Monetary Board has approved the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap 2020-2023. The roadmap charts BSP’s current initiatives and strategies in advancing an efficient, inclusive, safe and secure digital payments ecosystem. It has identified two key
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These are the Major Banks Waiving Fees for PESONet, InstaPay Until Year’s End
A number of major banks have decided to extend the waiver for fund transfer fees for PESONet and InstaPay transactions until the end of this year instead of September 30, 2020 as scheduled previously. PESONet and InstaPay are the two
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Ayannah and Card-MRI to Launch Digital Financial Services in the Philippines
Ayannah and CARD-MRI Group announced a partnership to launch digital payments, lending, banking and insurance products to serve CARD-MRI’s membership base. CARD-MRI’s lending and insurance operations will be digitised and integrated into Ayannah’s digital omni-channel transaction network. CARD-MRI is a
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PayMongo Secures $12M in Series A Funding Round Led by Stripe
PayMongo, a Filipino-owned online payment platform, recently secured $12 million in a Series A financing round led by Stripe. The funding round comprised of other existing investors — Y Combinator, Global Founders Capital and a new investor, Bedrock Capital. The
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Payment Platform Bayad Center Records Huge Spike in Digital Transactions
CIS Bayad Center, a multi-channel payment platform in the Philippines, reported a significant growth in digital transactions within its biller and partner network since the month of May 2020. As of August 2020, online payments recorded a year on year
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