Archive
ZALORA Integrates Plentina’s BNPL Offering for Its Filipino Users
Plentina, a Buy Now Pay Later (BNPL) startup for emerging markets, has partnered Southeast Asian e-retailer ZALORA to offer its short-term financing solution. Filipinos can download the Plentina app for loans up to P5,000 in ZALORA e-vouchers to load their
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Philippine Airlines Partners Pine Labs’ Qwikcilver for E-Gift Card Programme
Qwikcilver, a subsidiary of Pine Labs and provider of end-to-end gifting solutions, has partnered with Philippine Airlines (PAL) for its e-gift card programme. Designed in collaboration with travel technology company Amadeus, this programme will assist PAL to further enhance the
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Why Risk-Averse Southeast Asian Banks Should Embrace a ‘Multicore’ Approach
The banking industry is in the midst of a period of intense transformation in Southeast Asia, and indeed the world, driven in part by the pandemic, but also influenced heavily by changing consumer demand and fast-moving technological innovation. Predicting the
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B2B Platform GrowSari Bags US$45 Million in Ongoing Series C Fundraise From KKR
GrowSari, a Philippines’ B2B e-commerce platform serving micro, small and medium-sized enterprises (MSMEs), has secured US$45 million in a Series C funding round from global investment firm KKR. According to GrowSari, the ongoing Series C round is significantly oversubscribed as
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BSP Issues New Guidelines on E-Payments Settlements
The Bangko Sentral ng Pilipinas (BSP) has issued guidelines on the settlement of electronic payments under the National Retail Payment System (NRPS) Framework. The settlement guidelines provide the responsibilities and minimum requirements to be adhered to by BSP-supervised financial institutions
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Are You Protecting Your Digital Wallet Users From Fraud?
As more users adopt them, fully digital payment methods like e-wallets are becoming increasingly vulnerable: fraud can creep in before and during transactions. More than 140 million people adopted digital wallets in 2019 globally. This number is only projected to increase in
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CIMB Philippines Selects Zoloz’s eKYC Solution for Frictionless Onboarding
CIMB Philippines announced that it has collaborated with Zoloz, an eKYC technology provider, to further strengthen its digital banking services. The bank will leverage Zoloz’s eKYC solution for frictionless user onboarding and enhanced payment experience, making financial services more accessible
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UnionBank Picks METACO and IBM to Set Up Its Digital Asset Custody Operations
The Union Bank of the Philippines has selected METACO, a provider of security-critical software and infrastructure to the digital asset ecosystem, to implement its digital asset management services. The bank will leverage METACO Harmonize which is its digital asset orchestration
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Philippines’ BNPL Platform BillEase Closes US$11 Million Series B
Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has closed its Series B funding round with US$ 11 million in fresh equity. The round was led by BurdaPrincipal Investments, the growth capital arm of German media and
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The Bank Branch of the Future: Consumers Prefer Hybrid Experiences
Digital banking has been displacing many branch interactions in the move towards digital. As consumers increasingly engage with their banks remotely and circumstances such as the pandemic as well as new digitally-focused strategies continue to play out, there are ongoing
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