Financial Inclusion
Home Credit Ties up With RCBC’s DiskarTech App to Disburse Cash Loans
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech has tied up with taps Home Credit to allow its users to have their cash loans disbursed straight into the former’s digital savings accounts. This interest-bearing basic deposit account earns a competitive 3.25% profit
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Philippines’ Central Bank Senior Official Questions Fintechs’ Ability to Boost Financial Inclusion
A Bangko Sentral ng Pilipinas (BSP) official has raised the need to check on whether financial technology (fintech) firms can indeed boost financial inclusion in the Philippines, citing the large number of Filipinos who remain unbanked. In her speech during
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Philippines’ RCBC Registers Over 500% Growth in its Inclusive Digital Finance Initiative
Rizal Commercial Banking Corporation has achieved exponential growth for its mobile point-of-sale (mPOS) implementation generating 515% and 622% year-on-year growth on transaction volume, from US$ 6.5 million in 2018 to US$ 41 million, and on transaction count, from 111,000 to
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CIMB Philippines Partners with Singapore’s CredoLab to Further Drive Financial Inclusion
CIMB Bank Philippines has partnered with Singapore-based fintech CredoLab to extend financial products to underbanked customers in the Philippines, starting with personal loans. CIMB Bank Philippines uses CredoApp (CredoLab’s white-label mobile application) to instantly score applicants, including “thin-file” customers who
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Philippines’ 7-Eleven to Deploy 300 ATMs By Next Year
Philippines’ 7-Eleven is eyeing to deploy 300 ATMs in Metro Manila by next year. In doing so they will be teaming up with Japan’s Seven Bank, who is currently operating a network of 18,000 ATMs across 7-Eleven’s in Japan through
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