Archive
Fintech Alliance.PH Kicks off National Cybersecurity Education Campaign
Fintech Alliance.PH, the country’s largest association of fintech and digital players, had launched a multistakeholder national cybersecurity awareness and education campaign. The campaign with the aim to educate millions of smartphone and online users against phishing scams had kicked off
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BSP and BDO Foundation to Develop Free Personal Finance Course for Filipinos
The Bangko Sentral ng Pilipinas (BSP) and BDO Foundation, the corporate social responsibility arm of BDO Unibank, will jointly develop a free online course on financial education. BSP and BDO Foundation will work on the rollout of a nine-module interactive
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NPC Says Unauthorised GCash Transactions Were Result of Phishing Attacks
The Philippines’ National Privacy Commission (NPC) concluded that the recent unauthorised deductions from multiple accounts from mobile wallet GCash amounting to PHP 37 million (approximately US$660,000) was the result of a phishing incident. This echoes what the Bangko Sentral ng
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Wise Users Can Now Send Up to PHP 9 Million to the Philippines
Online money transfer service Wise announced that its users can now send up to PHP 9 million (approximately US$161,000) to the Philippines. This is almost 18 times more than what they could send previously. Users can send PHP to any individual
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Understanding Cryptocurrency Regulations in the Philippines
The Philippines has become a hotbed for cryptocurrency adoption due to its tech-savvy population and growing internet penetration. In recent years, cryptocurrencies have grown significantly, with more people using digital currencies for various purposes, including remittances, investments, and online transactions.
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Netbank Closes Series A Funding Round Led by Beenext
Netbank, a Philippines-based neobank that offers Banking-as-a-Service solutions, announced that it has closed its Series A funding round. The investment sum was not disclosed. The round was led by regional venture capital firm Beenext with participation from Kaya Founders and
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Medalla Says GCash Hit by Phishing Scam, 80% Of Lost Funds Already Recovered
The Bangko Sentral ng Pilipinas’ (BSP) Governor Felipe Medalla said that the recent unauthorised deductions from mobile wallet GCash amounting to PHP 37 million (approximately US$660,000) was the result of a phishing incident and not hacking, according to a report
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Grab Philippines in the Midst of Issuing Refunds Totaling PHP 6.7 Million
Grab Philippines is reportedly in the midst of issuing refunds of PHP 6.7 million (US$ 118,500) to its users following the Philippine Competition Commission’s (PCC) orders to do so, according to the Manilla Bulletin. The e-hailing app needs to disburse
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Financial Services Revolution: Salmon’s Drive to Promote Inclusion
The economy in the Philippines is expanding at record speed, and its dynamic population – young, growing, and savvy at using mobile technologies – is set to become the key benefactor of the economic opportunities it creates, with a little
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Agoda Now Offers BillEase’s BNPL Payment Option for Filipino Travelers
BillEase, a consumer finance app offering BNPL, is now available as a payment option on online travel platform Agoda to give Filipino travelers more flexibility to pay in installments without a credit card. This integration is enabled by Alipay+, a
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