Philippines
BSP to Incentivise Sustainable Green Financing in the Philippines
The Bangko Sentral ng Pilipinas (BSP) intends to introduce further incentives to promote sustainable and green financing in the Philippines. These incentives, including an increased single borrower’s limit (SBL) and a zero reserve requirement rate, are part of the BSP’s
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The Philippines is Fertile Ground for Digital Banking Growth
Recognising the need to foster fintech innovation to achieve financial inclusion goals, regulators in the Philippines are laying the groundwork for digital financial services and digital-first business models, introducing new digital banking licenses, creating a real-time payments system, and establishing
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Philippine Startup Investment Reaches New High; Fintech Takes Lion’s Share in Early-Stage Funding
In 2022, startup investment reached new heights in the Philippines, defying trends observed around the world and the global funding downturn. Fintech companies took the lion’s share in early-stage private funding, securing 39% of all investments raised in 2021-2022, a
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All The Key Things That Happened in Philippines’ Fintech Scene in Q1 2023
2023 has so far a successful beginning of the year for the Philippines’ fintech industry. The first quarter was marked with a number of announcements from regulators and government agencies focusing on increasing the usage of digital financial services, new
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5 Early-Stage Fintech Startups in the Philippines Worth Watching in 2023
2022 was a successful year for the Philippines’ fintech industry, which saw the government continue to support the sector through conducive initiatives, growing demand for digital financial services, and an overall maturing of the industry. Fintech activity also remained strong
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What Lies Ahead for Fintech in the Philippines in 2023?
Despite a contraction in startup funding, 2022 was a fruitful year for the Philippines’ fintech industry, which saw the government and regulators continue to support the sector through conducive initiatives, growing demand for digital financial services, and an overall maturing
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Top 5 Emerging Fintechs in the Philippines to Watch in 2023
In the Philippines, the fintech industry has been rising steadily, driven by booming digitalization, a conducive regulatory environment, and the government’s ongoing efforts to improve access the financial services. In 2022, consumer adoption of digital financial services continued to increase,
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Here’s How Fintech Is Modernising Digital Payments in the Philippines
The digital payments landscape in the Philippines has undergone significant growth and evolution in recent years. In 2015, the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, introduced the National Retail Payment System (NRPS) to promote the development and
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Top 5 Most Well-Funded Fintech Companies in the Philippines
In 2021, the Philippines’ fintech sector gained significant traction amid rapid adoption of digital financial services. This was supported by a conducive regulatory environment and investors’ growing interest in the prospect of technology to bring the country’s large population of
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Philippines’ Payment Infrastructure Undergoes Transformative Change
In the Philippines, the banking community is undergoing a major transformation to its payment infrastructure, a movement triggered by the convergence of several key drivers including changing customer behaviors, new regulations and advances in technology. During a recent webinar hosted
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