Digital Payments
SIM Registration Urged as 20% Risk Losing Access Digital Payments
The FinTech Alliance Philippines encourages mobile phone users to register their SIM cards in compliance with the nationwide SIM Registration Act (RA 11934). Unregistered SIM cards will be deactivated after July 26, 2023, potentially affecting 20 percent of mobile phone
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How Far Along is the Philippines’ Digital Payments Transformation Roadmap?
Of the many branches of fintech that can benefit society, the Philippines recognised the need to embrace digital payments as a means of fostering financial inclusion and economic growth. In response, the Bangko Sentral ng Pilipinas (BSP) launched the Digital
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RCBC Enables MSMEs to Accept Digital Payments Through Its QRph code
Rizal Commercial Banking Corporation (RCBC) has rolled out its NegosyanTech digital payments service to enable micro, small and medium enterprises (MSMEs) to accept any payments from banks and e-wallets through its interoperable QRph code. The “RCBC NegosyanTech Lahat Pwede QRph”
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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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How to Build End-to-End Digital Trust for Payments and Financial Services
Did you know that in 2020, 84% of businesses in Asia Pacific reported losses in revenue due to payment fraud? Or that synthetic identity theft is growing despite strong Know Your Customer (KYC) practices — because, to date, there has
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MoneyGram Launches Global Crypto-To-Cash Service in the Philippines
MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of its crypto-to-cash service that is now available in key remittance markets, including the Philippines, Canada, the U.S., and Kenya for the first wave of users.
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Which Is The Most Popular Finance App in Philippines?
In the Philippines, consumers were found to be spending much more time on digital bank Tonik than any other finance app. This is according to a new report by Data.ai, an app analytics startup formerly known as App Annie, that
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Philippines’ Payment Infrastructure Undergoes Transformative Change
In the Philippines, the banking community is undergoing a major transformation to its payment infrastructure, a movement triggered by the convergence of several key drivers including changing customer behaviors, new regulations and advances in technology. During a recent webinar hosted
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Fintech Takes Lion’s Share of Philippines Tech Funding for Second Consecutive Year
The Philippines’ fintech industry is blossoming on the back of surging funding activity, a conducive regulatory environment, and rapid adoption of digital financial services, a new report by the Boston Consulting Group (BCG) and Foxmont Capital Partners shows. In 2021,
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