Archive

Skyro Taps ADVANCE.AI for Secure and Streamlined Customer Onboarding

Skyro, a fintech company licensed and supervised by the Philippines’ Securities Exchange Commission (SEC), has announced a partnership with ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia. Skyro, which launched in August 2022, offers

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Pomelo and Thunes to Introduce Credit-Based Remittances from US to Philippines

Global payment solutions provider Thunes has entered into a partnership with Pomelo, an innovator in credit-powered remittance and credit card issuance. This collaboration introduces a new international money transfer system from the United States to the Philippines, which aims to

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Vietnam’s MFast Ventures Into the Philippines Market, Starting With Manila

MFast, a Vietnamese fintech company, has announced its expansion into the Philippines, signalling a strategic move into the rapidly growing Southeast Asian fintech sector. Founded by Thanh Vinh Phan and Thanh Long Phan, twin brothers from the rural town of

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How Core Modernisation Is Paving the Way for Invisible Banking

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for seamless and integrated financial services. This movement towards “invisible banking” marks a departure from traditional banking practices, offering a glimpse

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SEC Chairperson Explains Position on Binance and Unregistered Crypto Entities

In a recent statement, Securities and Exchange Commission (SEC) Chairperson Emilio B. Aquino addressed the challenges faced by regulators in pursuing unregistered firms, notably mentioning cryptocurrency exchanges such as Binance. Speaking with BusinessWorld, Chairperson Aquino underscored the regulatory responsibilities amidst

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Coins.ph Granted Regulatory Approval to Roll Out Peso Stablecoin

Coins.ph, a leading cryptocurrency platform, has secured regulatory approval from the Bangko Sentral ng Pilipinas (BSP) to introduce a peso stablecoin named PHPC. This stablecoin is set to be accessible to retail customers, and will mark a milestone in the

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SEC to Introduce Cryptocurrencies Framework to Safeguard Traders’ Interests

The Philippines Securities and Exchange Commission (SEC) is gearing up to introduce a regulatory framework for cryptocurrencies and their trading activities in the latter half of this year. This development was recently disclosed by the SEC’s chairman, Emilio B. Aquino,

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Philippines Embraces BNPL Trend as Access to Credit Remains a Concern

Credit and lending products including Buy Now Pay Later (BNPL) hold significant sway for a high number of Philippines citizens in pursuing their financial aspirations, with a staggering 96% acknowledging their importance, as per TransUnion’s Q1 2024 Consumer Pulse Survey.

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GoTyme Bank Expands Payroll and Lending Reach with Acquisition of SAVii

GoTyme Bank, a rapidly growing financial institution in the Philippines, is poised to enhance its payroll-linked financial services with the recent acquisition of SAVii by GoTyme’s major stakeholders, Tyme and JG Summit. SAVii, founded in 2017 by CEO Liam Grealish

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RCBC Pulz Reaches Milestone as Top Downloaded Finance App in Apple App Store

RCBC Pulz, the flagship digital banking application of the Rizal Commercial Banking Corporation (RCBC), the Philippines’ fifth largest privately-owned bank by assets, reached a notable milestone recently. RCBC Pulz managed to secure the top spot as the most downloaded app

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