Archive
Maya Bank Hits 650,000 Customer Milestone 3 Months After Launch
Maya Bank announced that it has reached a 650,000-customer milestone just three months after launch and that it has P5 billion which is approximately US$89 million in deposit balance as of end-July 2022. The bank launched its services to the
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RCBC ATM Go Now Covers All 81 Provinces in the Philippines Through 1,400 Terminals
The Rizal Commercial Banking Corp’s (RCBC) community-based financial service ATM Go is now servicing all 81 provinces in the Philippines through over 1,400 ATM Go terminals and 1,000 partner merchants across the country. As of end August this year, ATM
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BNPL Platform BillEase Raises US$20M Debt Facility from Singapore’s Helicap Securities
Consumer finance app BillEase has closed an up to US$20 million debt facility arranged by Singapore-based Helicap Securities, bringing the total raised by the lending platform to US$55 million in debt and equity. The company previously raised US$11 million in
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Gcash Partners Roxe to Provide Affordable Blockchain-Based Cross Border Payments
Blockchain infrastructure company Roxe announced that it has partnered with G-Xchange’s GCash to enable affordable cross-border payments. The partnership connects GCash to Roxe’s blockchain-based payment network, where users from around the world can send funds to GCash’s customers. Roxe says
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GoTyme Bank Launches New Visa Debit Card, Aims for 10 Million Clients in 5 Years
Gokongwei Group‘s digital bank GoTyme, interbank network BancNet, and Visa have formed a partnership to introduce the GoTyme Visa ATM Debit Card. This will allow cardholders to conduct Visa transactions worldwide and make ATM withdrawals when traveling outside the country.
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BSP Issues ESG Guidelines to Push for Sustainable Investment Activities
The Bangko Sentral ng Pilipinas (BSP) has issued guidelines to banks on the integration of sustainability principles for investment activities. Banks are expected to consider their sustainability objectives in their investment activities and ensure that such investment contributes to sectors
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Why Disconnected Data Sources Mean Lenders Are Missing the Big Picture
Traditionally, core banking systems have been regarded as a lender’s main database. While many banks rely on this core banking database, they also administer a range of other databases covering other aspects of the business. These independent data sources are
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InstaPay’s Transactions Continue on an Upward Trajectory
Real-time fund transfer service InstaPay processed close to 300 million transactions with a total value of PHP 5.49 trillion in the first seven months of the year. The average daily volume was 1.37 million transactions. InstaPay enables customers of a
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How Indonesia’s BNPL Giant Leverages Data Science to Drive Innovation
Data science and machine learning are some of the most complex yet important business concepts today. And many companies, irrespective of their niche, rely on them to deliver a better user experience to their customers. But what role do data
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Tonik Users Can Now Pay Their Bills Seamlessly via the BillsPay Feature
Philippines’ digital bank Tonik has enabled the BillsPay feature for its users to seamlessly pay their bills on time via its app through a partnership with Bayad, a multi-channel payment platform in the country. Users can now settle their dues
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