Philippines
Nearly a Quarter of All VC Funding in the Philippines Goes to Fintech
In 2023, the Philippines showcased its resilience despite macroeconomic headwinds that challenged the international venture capital (VC) scene. New data released by local VC firm Foxmont Capital Partners and the Boston Consulting Group (BCG) show that VC funding in the
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PhilSys Check Enhances ID Verification with New Authentication Services
The Philippine System of Identification (PhilSys) has introduced an authentication service, PhilSys Check, to improve the security of transactions through a digital signature in a QR code on PhilID cards and ePhilIDs. This service is accessible via a website for
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Fintech Map Philippines 2023: Unpacking the Industry’s Growth
Between 2021 and 2023, the Philippines’ fintech sector grew by more than 38%, rising from 216 companies two years ago to 299 in August 2023, data from the Fintech Map Philippines 2023 shows. The 2023 data, shared in this year’s
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Top 4 Emerging Fintechs from the Philippines to Watch in 2024
The Philippines is witnessing a rise of its fintech industry, a growth that’s been driven by a growing digital-savvy population, the cohesive efforts of both governmental and private entities, and booming usage of digital financial services — to get a
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Philippines Issues Maiden Tokenised Treasury Bonds via PDAX
In a notable advancement for the Philippine cryptocurrency sector, crypto exchange PDAX has collaborated with the Bureau of the Treasury of the Philippines (BTR), Landbank of the Philippines, and the Development Bank of the Philippines (DBP) to launch the country’s
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Fintech a Core Element of the “Iron Triangle” Fueling Philippines’ Startup Growth
In the Philippines, fintech, e-commerce and logistics are prominent sectors in the entrepreneurial landscape. These industries, referred at as the “iron triangle”, have been instrumental in innovation and are now fueling growth in emerging areas such as entertainment, healthtech and
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The Fintech Philippines Report 2023: Financial Inclusion Drive Starts to Bear Fruit
In the Philippines, the fintech sector has been expanding at an unparalleled rate, transforming how individuals and companies handle financial dealings, as evidenced in the 2023 edition of the Fintech Philippines Report, produced by Fintech News Philippines in collaboration with
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Top 8 Most Well-Funded Fintech Startups in the Philippines as of H2 2023
The fintech sector in the Philippines has experienced significant growth in recent years, fueled by increasing adoption of digital technology and a push for improved financial inclusion. With a population of over 110 million, a rising middle class and a
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Remittance Continues to Play Major Role in Filipino Economy as It Hits Record Highs
Remittances play a critical role in the Filipino economy and have significant social and economic impacts on the country: they help alleviate poverty, are a driving force behind the country’s economy, and help expand the financial sector and promote financial
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Top 12 Fintech Events in the Philippines to Attend in H2 2023
The fintech sector in the Philippines is experiencing rapid growth, driven by rising usage of digital financial services, a supportive regulatory landscape and efforts from the government to improve financial inclusion. In this fast-paced digital era, staying informed and connected
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