Archive
UnionDigital Bank Partners mWell to Boost Financial Inclusion Among Filipinos
UnionDigital Bank, the digital banking subsidiary of Union Bank of the Philippines, has partnered with an integrated, fully digital health and wellness platform mWell in an effort to push financial inclusion in the country. Through this partnership, UnionDigital will intergrate
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GCash’s Loan Disbursements Reached PHP 50 Billion in 2022
Philippines’ mobile wallet GCash reports that its loan disbursements had reached PHP 50 billion in 2022 though its GCredit offering. GCash credited the growth of its loan book to its credit affiliate Fuse Lending, a consumer and business lending marketplace.
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U.S. Banks’ Failures Has No Substantial Impact on Filipino Banks Says BAP
The Bankers Association of the Philippines (BAP) assures the Filipino public that the failures of three U.S. banks in less than a week has “no substantial nor material impact” on the local banks. BAP said in a statement that Philippines’
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GCash Users Can Now Open UNO Digital Bank Account Directly From App
Philippines’ mobile wallet GCash‘s customers can now open an UNO Digital Bank account directly from the app and access its digital banking products through #UNOready@GCash. Filipino citizens who are at least 18 years old, and who are fully verified GCash
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Investree Philippines Taps Provenir for AI-Powered SME Financing
Philippines’ crowdfunding platform Investree will integrate Provenir’s data, decisioning and AI capabilities to provide accessible and inclusive financing to small and medium enterprises (SMEs). Provenir’s platform provides Investree Philippines with the capability to access, evaluate, and process a wide range
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BSP Sets Deadline for Full Adoption of QR Ph by 1 July
The Bangko Sentral ng Pilipinas (BSP) has given all BSP-supervised financial institutions (BSFIs) until 1 July 2023 to fully adopt the National QR Code Standard (QR Ph). The guidelines were issued via a memorandum that provides for the transition of
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Security Bank Picks ACI Worldwide to Power Its Real-Time Payments Platform
Philippines’ Security Bank has selected ACI Worldwide, a global provider of real-time payments and digital payment software solutions, to help strengthen its real-time payment capabilities. ACI Worldwide’s Enterprise Payments Platform solution will provide full payment hub capabilities for low- and
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InterSystems Survey Highlights Data and Tech Obstacles for Financial Services in Asia Pacific
Financial services firms across the Asia Pacific are facing an ever-increasing array of data and technology challenges stemming from both the growth in the volume of customer and business data being generated and the proliferation of data siloes across different
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BSP Aims to Lower or Waive Fees for Smaller E-Payments
The Bangko Sentral ng Pilipinas (BSP) said that it will continue to work with banks to lower or waive transaction fees for smaller e-payments. The regulator is looking to make financial digitalisation more inclusive in line with the BSP’s Digital
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Pay&Go Kiosks Now Available at Lawson Branches for Secure, Convenient Payments
BTI Payments is further strengthening the presence of fast and easy payments in the country, through their latest partnership with Lawson Philippines. Under the tie-up, BTI’s Pay&Go kiosks are now present in Lawson convenience store branches nationwide. A wholly-owned subsidiary
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