Digital Payments

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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Fintech Alliance.PH Set to Bolster BSP’s New Financial Inclusion Strategy

The Fintech Alliance.PH remains committed to bolster the Philippines’ government bold moves to ensure more of the unbanked and underserved population will be onboarded into the formal financial system in the next six years. In a hybrid live and online

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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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