Various

Philippines Embraces BNPL Trend as Access to Credit Remains a Concern

Credit and lending products including Buy Now Pay Later (BNPL) hold significant sway for a high number of Philippines citizens in pursuing their financial aspirations, with a staggering 96% acknowledging their importance, as per TransUnion’s Q1 2024 Consumer Pulse Survey.

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RCBC Pulz Reaches Milestone as Top Downloaded Finance App in Apple App Store

RCBC Pulz, the flagship digital banking application of the Rizal Commercial Banking Corporation (RCBC), the Philippines’ fifth largest privately-owned bank by assets, reached a notable milestone recently. RCBC Pulz managed to secure the top spot as the most downloaded app

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SEC to Collaborate with DOF and ADB on Digitally Tracked Green Bonds Initiative

In a recent initiative to bolster the sustainable finance sector, the Securities and Exchange Commission (SEC), in collaboration with the Department of Finance (DOF) and the Asian Development Bank (ADB), successfully hosted a Joint Knowledge Sharing Event (JKSE). The gathering

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Plug and Play Launches Startup Accelerator with DTI to Plug Local Innovation Gaps

Silicon Valley-based venture capital firm Plug and Play has collaborated with the Philippines’ Department of Trade and Industry to launch the National Startup Accelerator Program. This initiative aims to enrich the country’s startup ecosystem by helping nascent enterprises develop innovative

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BSP Cancels Nikko Mart Registration Amid Oversight on Money Service Businesses

The Bangko Sentral ng Pilipinas (BSP) has recently revoked the registration of Nikko Mart, a money changer and foreign exchange dealer, as part of its ongoing efforts to oversee money service businesses (MSBs) more stringently. This revocation marks the first

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Fintech Alliance.PH and BSP Deepen Commitment to Philippines Digital Finance

The Fintech Alliance.PH, the Philippines’ fintech organisation, engaged with the Bangko Sentral ng Pilipinas (BSP), signalling a strengthened partnership to bolster the nation’s digital financial ecosystem. This courtesy visit was an avenue to reflect on the fintech industry’s growth, spotlighted

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Saripay Provided Credit Access to 70,000 Stores in 1st Year of Operations

Saripay, the financial wing of Growsari Enterprises, has commemorated its first year since launching in 2023, a period during which it has extended its support to micro, small, and medium enterprises (MSMEs) through a combination of financial assistance and digital

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6 Banks Revealed in Project Agila CBDC Pilot Concluding by End-2024

In a recent press briefing, Deputy Governor Mamerto Tangonan disclosed that the Bangko Sentral ng Pilipinas (BSP) is poised to complete the trial phase of Project Agila, a wholesale Central Bank Digital Currency (CBDC) initiative, by the end of 2024.

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Hubert Dominic B. Guevara Returns to SEC as Commissioner

Hubert Dominic B. Guevara has been appointed as a new Securities and Exchange Commission (SEC) commissioner, succeeding fellow attorney Kelvin Lester K. Lee, whose term has concluded. Guevara, with a background as a lawyer and extensive experience in both the

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SEC Issues Alert on Unregistered Investment Schemes by DigiVault Trading and Altstrade

The Securities and Exchange Commission (SEC) has issued a cautionary notice to the public regarding their dealings with DigiVault Trading and Altstrade, highlighting that these entities are not authorised to solicit investments due to lack of registration with the SEC.

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