Archive
Seamless Philippines to Discuss the Future of Payments, E-Commerce and Fintech
On 30 September & 1 October, Seamless Philippines’ 2020 edition will take place online, bringing together the region’s commerce and finance ecosystem to discuss the latest trends in payments, e-commerce, retail, fintech and more. On the morning of 30 September,
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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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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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