Financial Inclusion
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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Tonik Set to Offer Payroll-Enabled Financial Services With TendoPay Acquisition
Tonik Financial, the parent company of digital bank Tonik, announced that it has inked an agreement to acquire the Philippines’ business of fintech firm Tendo Payment Solutions for an undisclosed sum. The deal is subject to the approval of relevant
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Citi Loans US$20 Million to ASA Philippines to Support Women-Led MSMEs
The ASA Philippines Foundation, a non-profit prganisation, secured a US$20 million loan (over PHP 1 billion) from Citi Philippines to provide financial assistance to low-income women for entrepreneurial ventures in the country. This loan aims to support nearly 70,000 female
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GCash Focuses on Hyper Localisation to Push Financial Inclusion Agenda
Philippines’ mobile wallet GCash is focusing on hyper localisation and partnerships with local government units (LGUs) to extend financial services to the countryside. To push its aim for financial inclusion, GCash will be using local dialects and employing more localised
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Diokno Lauds RCBC’s Physical-Digital Banking Service Rollout for Filipinos
Finance Secretary Benjamin Diokno commended Rizal Commercial Banking Corporation’s (RCBC) development of the country’s first mobile human-assisted remote banking service that seeks to provide banking services to far-flung communities. The RCBC Moneybela Barangayan Banking is a physical-digital blended banking service
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RCBC ATM Go Now Covers All 81 Provinces in the Philippines Through 1,400 Terminals
The Rizal Commercial Banking Corp’s (RCBC) community-based financial service ATM Go is now servicing all 81 provinces in the Philippines through over 1,400 ATM Go terminals and 1,000 partner merchants across the country. As of end August this year, ATM
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Home Credit Philippines Expands Its Reach to Include More Sectors
Consumer finance company Home Credit Philippines (HCPH) announced that it has further expanded its services to several sectors to bring Filipinos closer to the lifestyle they want. Home Credit said that it will continue to find more opportunities to expand
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BSP Says More Than 50% Of Filipinos Now Own a Financial Account
The Bangko Sentral ng Pilipinas (BSP) reported that more than half of the country’s adult population now owns a financial account. The 2021 Financial Inclusion Survey (FIS) conducted by BSP showed that account ownership surged to 56 percent in 2021,
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Filipino E-wallet GCash Reached 66 Million Users in June 2022
Philippines’ mobile wallet GCash has reached 66 million registered users as of June 2022 according to President and CEO Martha Sazon during the Mobile 360 Asia Pacific Fintech Summit held in Singapore. During the summit, Martha shared how collaborations with
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Philippines Gov’t to Accelerate Roll Out of PhilSys ID, Says Finance Secretary Diokno
Finance Secretary Benjamin Diokno said that the government will accelerate the rollout of the Philippine Identification System (PhilSys ID) to expand public access to financial products and services and achieve e-governance. Former President Rodrigo Duterte had previously issued an executive
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