Archive
New Challengers Pressure Incumbents to Improve Customer Experiences
In the Philippines, the market entry of new, digital-first challenger banks is shaking up the banking industry, forcing incumbents to put an emphasis on improving customer experiences to not only win new customers, but also retain existing ones. During the
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New Report Outlines Emerging Fraud Trends in 2022
The widespread shift to online channels during COVID-19 has seen scams and fraudulent activities surge. A new study by Onfido, a provider of identity verification solutions, highlights an increase of 44% in identity fraud since 2019 as a result of
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BSP Says EGov Pay’s Transactions Showed 467% Growth Since 2021
The use of EGov Pay, a system that enables digital payment for government services, jumped by 467 percent to over 91,000 transactions at end of 2021 from around 16,000 transactions a year earlier, according to the Bangko Sentral ng Pilipinas
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Mynt’s GCash Clocks Over 60 Million Registered Users
GCash, a Philippines’ mobile wallet operated by Mynt under Globe’s corporate venture builder 917Ventures, announced that it now has over 60 million registered users and more than five million merchants nationwide. Additionally, GCash said that it records 29 million daily
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At the Cusp of a BaaS Revolution, Here Are Some of the Challenges
The future of finance is open, and the rise of Banking-as-a-Service (BaaS) means this future is closer than ever. The BaaS industry is quickly maturing, with 88% of senior APAC executives – in industries from banking and technology to healthcare
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BSP and PPMI Set to Launch Three E-Payment Streams Over the Next Two Years
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) will launch three e-payment streams as part of a push to broaden the use of digital payments over the next two years. BSP’s Governor Benjamin E. Diokno
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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise
The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed that 40% of banks in the Asia Pacific will make significant changes to their current core banking systems in the
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Coins.ph Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence
Philippines’ fiat and crypto wallet services provider Coins.ph announced that it has closed a US$30 million Series C financing led by Ribbit Capital, and joined by other strategic investors. The company said that the new capital will be used to
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GCash Partners With Generali Philippines to Roll Out More Insurance Packages
Philippines’ mobile wallet GCash has teamed up with Generali Philippines to offer four affordable insurance packages on GCash’s GLife feature. GLife is a lifestyle “mini app” within GCash that offers food, groceries, gadgets, fashion, beauty products, and now insurance to
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Understand These Important Points if You Are a Retail Trader
According to statistics on the websites of many forex & CFD brokers, an average of 77% of traders lose money trading derivatives. Other reports also say 90% of traders lose money trading online on a general scale be it equity,
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