Archive

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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Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover

With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos are defining expectations, sending a total of US$2.78 billion worth of remittances back to the Philippines in July, representing a

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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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ING Banks: COVID-19 Is Causing Fillipinos to Save More

Dutch financial giant and all-digital bank in the Philippines, ING Bank, said that the rise of the “savings mentality” during the quarantine period can be sustained even after the COVID-19 pandemic in the Philippines. In a report by ING’s research

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TransUnion Aims to Tackle Online Credit Application Dropouts and Rising Fraud

Global risk and information solutions provider TransUnion is extending its data and technology expertise to help financial institutions accelerate digital transformation and be able to provide consumers with an easy digital application and onboarding experience. With the demand for digital access increasing

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DiskarTech Deepens Financial Inclusion Strategy With Agri-Fishery Credit Programme

The Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC) has partnered with the Rizal Commercial Banking Corporation’s (RCBC) DiskarTech to make agri-fishery credit programmes more convenient and accessible for small farmers and fisherfolk (SFF) in the new normal. The

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Philippines Airline Cebu Pacific Opts for Cellpoint Digital’s Payment Platform

Cebu Pacific Airlines airline has selected CellPoint Digit to implement a Payment Platform across all its digital channels. The platform called Velocity, will enable Cebu Pacific to ease the payment experience of its repeat customers by deploying stored cards in

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Manny Pacquiao to Launch Digital Payment Platform PacPay

Pac Technologies, co-founded by boxing world champion Senator Manny Pacquiao, aims to launch PacPay, a digital payment platform this year. The company will be collaborating with Remsea, a fintech remittance firm licensed by the Monetary Authority of Singapore for the

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Filipino Teachers Offered Alternative Income Source Through RCBC’s DiskarTech App

Rizal Commercial Banking Corporation (RCBC) has partnered with PLDT, a major telco player from the Philippines, to improve the welfare of the country’s educators by offering them an alternative income source during the COVID-19 pandemic. RCBC, through its DiskarTech app,

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Philippines Central Bank Inches Closer to Issuing New Digital Banking Regulation

The Bangko Sentral ng Pilipinas (BSP) is planning to issue later this month a new circular on the establishment of digital banks, BSP deputy governor for banking supervision and examination Chuchi Fonacier told the Inquirer on September 2. For his

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