Digital Payments

HSBC Philippines Unveils Multi-Channel Payment Processing for E-commerce

HSBC Philippines has unveiled a new application programming interface (API)-based e-commerce payment solution known as Omni Collect. This platform aims to simplify how businesses manage payments across various channels, facilitating the integration of both online and offline payment methods for

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BSP CBDC Project: Here’s All We Know About the Wholesale Digital Currency

In the rapidly evolving landscape of global finance, the fairly recent emergence of Central Bank Digital Currency (CBDC) represents a significant shift towards the digitalisation of national currencies. The Bangko Sentral ng Pilipinas (BSP), under the leadership of Governor Eli

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Quezon City Introduces Paleng-QR Ph Plus to Advance Payments Transformation

Quezon City has officially introduced the Paleng-QR Ph Plus programme, a development that marks a significant move towards enhancing the efficiency of payment systems through digital means in the city. The programme was inaugurated in mid-January at the Project 4

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BillEase and Razer Merchant Services to Boost BNPL Services in the Philippines

BillEase, a Philippine consumer finance app, has partnered with Razer Merchant Services (RMS) to integrate its payment solutions into RMS’s merchant network, aiming to expand the Buy Now, Pay Later (BNPL) services in the region. This collaboration comes as the

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GCash Owner Mynt Poised to Fully Acquire ECPay in a Strategic Move

Globe Fintech Innovations, Inc (also known as Mynt), which owns leading e-wallet GCash, is set to fully acquire Electronic Commerce Payments Inc (ECPay). Globe Telecom, Mynt’s parent company, announced its decision to sell its dominant stake in ECPay to GCash,

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Behind PNB’s Digital Strategy Which Onboarded Over 300% New Users

In the ever-evolving banking and finance landscape, the digital revolution has emerged as a driving force, revolutionising how financial services are delivered and consumed. With a focus on enhancing customer satisfaction, Philippine National Bank (PNB) began a strategic effort in

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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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