Archive

PLDT Chief Manuel V. Pangilinan Says Maya IPO Not Likely Before 2026

Digital bank and e-wallet platform Maya is unlikely to undertake an initial public offering (IPO) in the next two years, according to the top executive of PLDT Inc. PLDT chairman and president Manuel V. Pangilinan stated that the idea of

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UBX and MediCard Collaboration Brings Flexible Payment Solutions to PH Healthcare

UBX has formed a strategic partnership with MediCard Philippines Inc., a prominent health maintenance organisation (HMO), to enhance health access and convenience for members. This collaboration will see MediCard utilising the UBX comprehensive payment gateway BUx and the transact-now-pay-later solution

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US$ 3M Fresh Funding Enriches BayaniPay Global Payment Services Expansion

BayaniPay, a global payments process automation company, has secured fresh capital of US$3 million to expand the scope and territory of its global payments capability, aiming for substantial growth this year. Lead investors Wavemaker Partners, PTGB, and Talino Venture Studios,

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Optimising Cross-Border Payments Amid FX Volatility in APAC

Foreign Exchange (FX) is the global practice of trading one currency with another, with trillions of dollars changing hands daily, making it the world’s largest and most liquid market. FX rates are by nature volatile, shaped by market forces of

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Landbank Sees Nearly Double Mobile Banking App Usage, Reaches P89 Billion

The value of transactions in the Land Bank of the Philippines’ (Landbank) mobile app surged over 40% to P89 billion in the first quarter of 2024 as consumers continued to take advantage of digital banking services. Data showed that Landbank’s

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Fintech Drives Financial Institutions to Rethink Outsourcing Strategies

In this era of technological innovation, companies are increasingly entrusting critical services to external partners. From handling operations to managing human resources and steering application development, the outsourcing landscape is undergoing a significant change. In the financial sector alone, the

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YC-Backed Elevate Raises US$5M to Streamline Filipino Freelancers’ Payments

Elevate, a fintech startup backed by Y Combinator and based in London and Dubai, has raised US$5 million in funding to expand its operations in the Philippines. Since 2021, Elevate has secured investments from Y Combinator, Goodwater, Global Founders Capital,

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Security Bank Makes Retail Banking Products Available on Lazada Philippines

Security Bank Corporation, a universal bank in the Philippines, has partnered with the e-commerce platform Lazada Philippines to offer its retail banking products to online shoppers. This collaboration was marked by the launch of Security Bank’s virtual LazMall Flagship Store. Through

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New LANDBANK GoBayani Account Aims to Serve Overseas Filipinos

Land Bank of the Philippines (LANDBANK) has introduced the GoBayani savings account, a new digital deposit account for overseas Filipinos. The GoBayani account offers Filipinos abroad access to LANDBANK’s digital banking services, allowing them to manage transactions online, such as

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GoTyme and CICC Sign MoU to Strengthen Digital Security Measures

GoTyme Bank, a joint venture between the Gokongwei group of companies and the multi-country digital banking group Tyme, and the Cybercrime Investigation and Coordinating Center (CICC) have committed to enhancing their collaboration to bolster real-time safeguards against cybercrime amidst the

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