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CIMB Philippines Signed on Close to 4 Million Customers Within 2 Years of Launch
CIMB Bank Philippines announced that it has accumulated over 40 international awards and has signed up close to 4 million customers within just a little over 2 years from opening its digital doors in the country. International finance organisations have
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Philippines and UK Inked MoU for Fintech and Green Finance Cooperation
Several Philippines agencies have signed a Memorandum of Understanding (MOU) with the British Embassy of Manila for the country’s participation in UK’s Prosperity Fund for the ASEAN Economic Reform Programme and ASEAN Low Carbon Energy Programme. The MOU formalises the
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Year End Message to Our Readers – Offline from 24th December to the 3rd January
Fintech News Philippines would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 24th December 2020 to the 3rd January 2021. Until
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BSP to Impose Annual Cap of 24% on Credit Card Interest Rates
The Bangko Sentral ng Pilipinas (BSP) has imposed an interest rate cap of 2% a month or 24% annually starting 3 November 2020 onwards. “Starting on this date, interest or finance charges on unpaid outstanding credit card balance should not
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Fintech Alliance.ph Supports the Philippines Government’s Shared Prosperity Initiative
Fintech Alliance.ph joins 25 members from the Philippine Business Groups (PBS) to organise a convocation in support of the government’s “Ambisyon Natin 2040” initiative amidst the COVID-19 pandemic. A manifesto of support will be presented via Zoom and Facebook live
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Grab Philippines Appoints Grace Vera Cruz as Its Country Head
Grab, South East Asian ride-hailing app, announced the appointment of Grace Vera Cruz as Country Head for Grab Philippines. Grace brings with her more than 15 years of business experience and vast industry knowledge to drive Grab’s mission in the
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Philippines Airline Cebu Pacific Opts for Cellpoint Digital’s Payment Platform
Cebu Pacific Airlines airline has selected CellPoint Digit to implement a Payment Platform across all its digital channels. The platform called Velocity, will enable Cebu Pacific to ease the payment experience of its repeat customers by deploying stored cards in
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Filipino Teachers Offered Alternative Income Source Through RCBC’s DiskarTech App
Rizal Commercial Banking Corporation (RCBC) has partnered with PLDT, a major telco player from the Philippines, to improve the welfare of the country’s educators by offering them an alternative income source during the COVID-19 pandemic. RCBC, through its DiskarTech app,
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Bangko Sentral ng Pilipinas Inks Cooperation Agreement with Indonesia’s OJK
The Bangko Sentral ng Pilipinas (BSP) and Otoritas Jasa Keuangan (OJK) has signed a Memorandum of Understanding (MOU) on 1 September 2020. The MOU was formed to facilitate consultation, cooperation and the exchange of information between the two institutions. It
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Fintech Report Philippines 2020: Mapping out the Fintech Philippines Ecosystem
The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap within the financial system. Despite the strides that the country has made in this space, the Philippines’ narrative has often
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