Digital Payments

ASEAN Fintech Group Expands Into the Philippines With Acquisition of Jazzypay

ASEAN Fintech Group (“AFG” or the “Group”), a venture corporation that specializes in accelerating fintech adoption through accretive value has acquired JazzyPay Inc valued at US$1.8m. JazzyPay is a digital payments provider that allows businesses of various sizes and types

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BSP Encourages Public to Use Digital Wallets for Holiday Gift Giving

The Bangko Sentral ng Pilipinas (BSP) is encouraging the public to use digital wallets when sending cash gifts this holiday season. The central bank said that using digital money as an alternative means of giving cash gifts is highly recommended

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How Is the Philippines Gearing Up to Be a Digital-Heavy and Cash-Light Society?

The Governor of Bangko Sentral ng Pilipinas (BSP), Benjamin E. Diokno has a vision of transforming the Philippines into a digital-heavy and cash-light society to help achieve inclusive growth. The vision, which he shared during an online forum of the

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Neobank Tonik Taps PESONet to Secure Digital Payments

Philippines neobank Tonik announced that it has tied up with PESONet to enable safe and secure electronic fund transfers to its account from other banks. Tonik users are now able to transfer funds from a PESONet participating bank to their

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JazzyPay and UnionBank Rolls Out Cashless Payment Solutions for SMEs

Online payment gateway JazzyPay has teamed up with Union Bank of the Philippines to provide cashless payment solutions for SMEs and local businesses. With the partnership, JazzyPay customers can now settle payments using their UnionBank accounts. In turn, UnionBank online

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AirAsia Philippines Offers Digital Payment Options by GCash and PayMaya

AirAsia is providing its customers with contactless payment options by partnering with GCash and PayMaya. The digital payment option has been available in AirAsia Philippines’ on ground stations since the 1st February 2021. Customers can use their e-wallets for cashless

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Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems

Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options. The strategic partnership

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JazzyPay Partners With BPI for Secure Online Payments to Merchants

JazzyPay, a local fintech company, announced its partnership with the Bank of the Philippine Islands (BPI) enabling Filipinos to make secure online payments to essential businesses. JazzyPay offers an online payment gateway system that allows businesses to collect payments via

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Quezon City’s Public Market Embraces Digital Payments With DiskarTech App

Most of the Litex Market’s vendors at Commonwealth Avenue, Quezon City seem to have embraced digital payments with the aid of Rizal Commercial Banking Corporation’s (RCBC) DiskarTech app. They reported that about 197 out of 200 vendors have downloaded the

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BSP Pushes for Financial Inclusion With Digital Payments Transformation Roadmap

The Monetary Board has approved the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap 2020-2023. The roadmap charts BSP’s current initiatives and strategies in advancing an efficient, inclusive, safe and secure digital payments ecosystem. It has identified two key

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