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Fintech Alliance.PH and BSP Deepen Commitment to Philippines Digital Finance
The Fintech Alliance.PH, the Philippines’ fintech organisation, engaged with the Bangko Sentral ng Pilipinas (BSP), signalling a strengthened partnership to bolster the nation’s digital financial ecosystem. This courtesy visit was an avenue to reflect on the fintech industry’s growth, spotlighted
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Saripay Provided Credit Access to 70,000 Stores in 1st Year of Operations
Saripay, the financial wing of Growsari Enterprises, has commemorated its first year since launching in 2023, a period during which it has extended its support to micro, small, and medium enterprises (MSMEs) through a combination of financial assistance and digital
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6 Banks Revealed in Project Agila CBDC Pilot Concluding by End-2024
In a recent press briefing, Deputy Governor Mamerto Tangonan disclosed that the Bangko Sentral ng Pilipinas (BSP) is poised to complete the trial phase of Project Agila, a wholesale Central Bank Digital Currency (CBDC) initiative, by the end of 2024.
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Hubert Dominic B. Guevara Returns to SEC as Commissioner
Hubert Dominic B. Guevara has been appointed as a new Securities and Exchange Commission (SEC) commissioner, succeeding fellow attorney Kelvin Lester K. Lee, whose term has concluded. Guevara, with a background as a lawyer and extensive experience in both the
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SEC Issues Alert on Unregistered Investment Schemes by DigiVault Trading and Altstrade
The Securities and Exchange Commission (SEC) has issued a cautionary notice to the public regarding their dealings with DigiVault Trading and Altstrade, highlighting that these entities are not authorised to solicit investments due to lack of registration with the SEC.
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5 Ways Digital Finance in the Philippines is Flourishing Despite Hurdles
The digital finance landscape in the Philippines is undergoing a significant transformation, offering a plethora of opportunities for growth and innovation. The Bangko Sentral ng Pilipinas (BSP) is at the forefront of this change, embracing global central banking standards and
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BSP and BAIPHIL Forge Stronger Ties with New MOU
The Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines (BAIPHIL) have recently strengthened their collaboration. At the BSP Head Office in Manila, the two institutions signed a memorandum of understanding (MOU), marking a new chapter in
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Top 5 Fintech Trends in the Philippines That Will Shape the Space in 2024
The financial technology landscape in the Philippines has undergone transformative changes in 2024, driven by dynamic innovations and an increasingly digital-savvy population. Today we delve into five of the top fintech trends in the Philippines shaping the nation’s financial sector,
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BSP Greenlights Merger Between BPI and Robinsons Bank
The Bangko Sentral ng Pilipinas (BSP) has approved the merger between Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC). BPI will emerge as the surviving entity following this merger. This decision follows a series of approvals from
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Fintech in the Philippines: 2023 in Review
The fintech space in the Philippines has been growing rapidly in 2023, with several developments that have shaped the industry and the country’s financial inclusion. The fintech sector in the Philippines witnessed significant growth in 2023 which reflects the country’s
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