Archive
BSP, Philippine Payments Management Launches ‘Bills Pay PH’
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management (PPMI) launched “Bills Pay PH” in line with continuing efforts to digitalise the country’s retail payments landscape. Bills Pay PH facilitates digital transactions between accounts from different payment service
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Philippines: Web3 Is Where the Future’s at for Filipinos
Many are familiar with the term Overseas Filipino Workers (OFW), but how about the Metaverse Filipino Workers (MFW)? Instead of going outside the country, they work in the metaverse without having to leave their homes. That’s where the Philippines is
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Citi Loans US$20 Million to ASA Philippines to Support Women-Led MSMEs
The ASA Philippines Foundation, a non-profit prganisation, secured a US$20 million loan (over PHP 1 billion) from Citi Philippines to provide financial assistance to low-income women for entrepreneurial ventures in the country. This loan aims to support nearly 70,000 female
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Isabel Ridad Appointed Acting CEO at Troubled Fintech PayMongo
Isabel Ridad, the current Chief Operating Officer (COO) of fintech firm PayMongo, has been appointed as the acting CEO following the resignation of Francis Plaza, the company’s founder. Ridad joined in early 2021 as Chief of Staff and has worked
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Filipinos Embrace Insurtech at Home and Abroad
Did you know that only 3 % of the Philippines’ 113 million population have insurance? That’s a vast potential that is attracting more attention when coupled with their changing attitude to insurance thanks to digitalisation. This includes a better understanding
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Philippines Fintech Requires Robust Cybersecurity to Fight Off Bad Actors
Concerns and awareness about cybersecurity have been at the forefront as the Philippines increase digital payment services and move towards a cashless society. The parallel relationship between usage and scam has been evident in the age of fintech, and the
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Agile Banking Transformation: A New Era in Banking
The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world, now actively pursuing digital transformation strategies. For many of these organisations, it has been the impact
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Cashless Philippines: Becoming a Cash-Lite Economy
The Philippines has been gaining tremendous momentum in its bid to become a cashless society. Such is the speed of the process that, according to the latest Visa Consumer Payment Attitudes Study, 92 percent of Filipinos have been using multiple cashless
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BTI Payments Launches Self-Service Pay&Go Kiosks in Ayala Malls Nationwide
BTI Payments, a subsidiary of Australian ATM and payment technology leader Banktech, recently partnered with Ayala Malls to launch their Pay&Go kiosks at Ayala establishments around the country. Strategically placed self-service kiosks in Ayala Malls in key urban areas will
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Ingenico and Premise Partner to Provide Cash-Driven Merchants Digital Payment Solutions
Embedded banking platform Premise has partnered with French payments company Ingenico to provide digital payment solutions to cash-driven micro merchants across the Philippines. Premise will deploy Ingenico’s Android payment terminal to enable cashless payment methods, and link to its cloud-based
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