Archive

PayMaya Teams up With bolttech to Offer Microinsurance for Filipinos

Philippines digital wallet PayMaya has teamed up with Singaporean insurtech bolttech to give Filipinos easier access to affordable microinsurance and services products. Through the collaboration, PayMaya’s customers can benefit from relevant and easy-to-understand coverage with the in-app Protect feature, powered

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BSP Fully Rolls Out Person-To-Merchant QR Code System

The Bangko Sentral ng Pilipinas (BSP) has fully rolled out the QR Ph Person-to-Merchant (P2M) payment facility with the Philippine Payments Management, Inc. (PPMI). QR Ph P2M simplifies digital payments made by customers to merchants, allows customers to transact with a

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Philippines’ Cantilan Bank Partners AFIN to Roll Out Mobile App for the Unbanked

Philippines rural bank Cantilan Bank (CANBNK) partnered the ASEAN Financial Innovation Network (AFIN) to launch its new mobile banking application “iCAN”. AFIN is a not-for-profit entity known for its open banking platform APIX and was established in 2018 by the

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Buy Now, Pay Later Fraud: How to Stop it From Impacting Your Bottom Line

Buy now, pay later (BNPL) payments have become the latest target for fraudsters. In this article, explore why BNPL is becoming a difficult (and costly) service for merchants to offer. Offering “buy now, pay later” payment options is the latest

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4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend

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How Is the Philippines Gearing Up to Be a Digital-Heavy and Cash-Light Society?

The Governor of Bangko Sentral ng Pilipinas (BSP), Benjamin E. Diokno has a vision of transforming the Philippines into a digital-heavy and cash-light society to help achieve inclusive growth. The vision, which he shared during an online forum of the

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70% of Filipino Banks Find it Difficult to Keep up With Customer Expectations

Changing consumer expectations and a fast-evolving banking landscape are posing challenges for incumbents to keep up. Despite the realization that digital banking is the way forward, many Filipino banks are struggling to develop and implement innovative solutions, citing outdated legacy

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Veteran Banker Angelo Madrid to Head PayMaya’s Digital Bank as President

Philippines digital and financial services firm Voyager Innovations has appointed seasoned banker Angelo Madrid as President of Maya Bank, its digital banking arm that will be operated by its fintech spin-off PayMaya. The appointment comes on the heels of the

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