Archive
Singaporean Fintech Spenmo Bags Payments License From BSP
Singapore-based payments firm Spenmo announced that it has secured a Operator of Payment System (OPS) license from the Bangko Sentral ng Pilipinas (BSP). This will give Filipinos access to both bill payments and employee spend management in one platform. Aside
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RCBC’s Digital Platforms Record 205% Jump in Revenues
Rizal Commercial Banking Corporation (RCBC) announced that it witnessed a 205 percent increase in revenue for its three digital platforms as of end March 2022 versus same period last year. With 69 percent of its user base located across all
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BSP Set to Pilot Wholesale Central Bank Digital Currency Project
The Bangko Sentral ng Pilipinas (BSP) announced that it has decided to pursue the pilot project of a wholesale central bank digital currency (CBDC) as part of its efforts to promote the stability of the country’s payment system. Dubbed Project
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Tonik Partners With NetGuardians and Finastra to Mitigate Fraud in Real Time
Tonik, a licensed digital-only bank in Philippines, has selected NetGuardians and Finastra’s AI-based, real time fraud mitigation solution. Banking software provider Finastra had partnered with Swiss fintech NetGuardians in 2019 to identify fraudulent payments in real-time, stopping them before money
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LANDBANK Launches Its Own All-In-One Mobile Wallet
State-run Land Bank of the Philippines (LANDBANK) has announced the launch of its all-in-one mobile wallet called “LANDBANKPay”. The LANDBANKPay Small Wallet account can be used to perform basic transactions, such as balance inquiry, buy reloads, bills payments to more
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Why Brands, Bigtechs, Fintechs and Banks Are All Taking Notice of Banking as a Service
The Asia Pacific region is leading the way in a revolution that is changing the way consumers interact with financial services. Banking as a Service (BaaS) has been spreading rapidly over the last couple of years, enabling brands to offer
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Philippines’ BNPL Firm BillEase Secures US$20 Million Debt Facility From Lendable
Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has secured a US$20 million debt facility from Lendable, an emerging market credit provider. This adds to the recent US$11 million Series B equity that it had raised from
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Kayamo Partners Netbank to Automate and Enhance Its Lending Experience
Philippines-based lender Kayamo has partnered with Netbank, a neobank that offers Banking-as-a-Service solutions, in order to enhance and automate its lending experience. Through this partnership, Netbank implemented a ‘Virtual Account’ solution to simplify Kayamo’s collection process. This allows loan repayments,
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PayMaya’s Parent Company Voyager Raises US$210 Million, Vaulting It to Unicorn Status
Voyager Innovations, the company behind the Philippines digital wallet PayMaya and neobank Maya Bank, has raised US$210 million in new funds, vaulting it to unicorn status with a valuation of approximately US$1.4 billion. The round was led by Voyager’s first
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Philippines’ UNO Digital Bank Plans to Issue Debit Cards Powered by Mastercard
Bangko Sentral ng Pilipinas-licensed UNO Digital Bank announced that it is partnering with Mastercard to issue virtual and physical debit cards in the country. The virtual cards will make it easy for customers to transact online, and the physical card
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