Archive
BSP Ramps up Efforts for Digital Payments Ecosystem; Appoints New Deputy Governor
The Bangko Sentral ng Pilipinas (BSP) has established the Payments and Currency Management Sector (PCMS) which is tasked to manage the interplay of physical currency and digital money in its push to establish a robust digital payments ecosystem. The PCMS
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Xendit Partners BillEase to Offer BNPL for Filipino Merchants
Indonesian payment gateway Xendit and FDFC, the fintech company behind the Buy Now, Pay Later (BNPL) app BillEase, announced the launch of their joint PayLater solution to help merchants offer cardless payment installments in the Philippines. The partnership with BillEase
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Education Financing Startup ErudiFi Raises US$5 Million in Series A Funding Round
ErudiFi, a tech-enabled company providing access to affordable education financing in Southeast Asia, announced the close of a US$5 million Series A funding round co-led by Monk’s Hill Ventures and Qualgro. The company plans to scale ErudiFi’s education financing services
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Tyme Secures US$110 Million Funding, Eyes Virtual Banking License in the Philippines
Tyme, a multi-country digital banking group headquartered in Singapore, announced its US$110 million Series B capital raise, bringing foreign investment into South Africa for TymeBank and laying the foundation for Tyme’s expansion across ASEAN starting with the Philippines. The new
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Cashalo Claims Users’ Accounts Not Compromised Despite Data Breach
Online lending platform Cashalo announced that it had discovered a potential data breach but reassured its users that no customer accounts or passwords were compromised. The company said that on 18 February 2021, its cybersecurity team discovered a potential data
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RCBC’s DiskarTech App Disburses Social Security Loan Proceeds and Benefits
Members of the Social Security System (SSS) nationwide can now get their SSS benefits and loans proceeds through Rizal Commercial Banking Corporation’s (RCBC) DiskarTech app. During the partnership launch, RCBC President and Chief Executive Officer Eugene S. Acevedo and SSS President
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BDO Unibank Enables QR Code Withdrawals From Select ATMs
BDO Unibank announced that its customers can now make cardless, QR code-based withdrawals from select ATMs. Customers will have to login to their BDO banking app in order to generate a QR code. BDO said that each QR code is
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Philippines Digibank Tonik Taps FinScore’s Alternative Credit Scoring Solution
Philippines digital bank Tonik has selected FinScore, a local alternative credit scoring company to process loan applications for its Filipino customers. FinScore’s AI-powered telco data credit scoring solution will be integrated with Тonik’s digital banking platform. The credit score will
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AirAsia Philippines Offers Digital Payment Options by GCash and PayMaya
AirAsia is providing its customers with contactless payment options by partnering with GCash and PayMaya. The digital payment option has been available in AirAsia Philippines’ on ground stations since the 1st February 2021. Customers can use their e-wallets for cashless
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