Lending

GCash Disbursed Record US$2.1 Billion in Loans Last Year, Doubling 2022’s Figures

Globe Fintech Innovations, Inc. (Mynt) operated GCash has disclosed its performance metrics for the year 2023, revealing a notable increase in disbursement of loans. The online banking platform reported disbursing loans totalling P118 billion (approximately US$2.11 billion), more than doubling

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Tonik Upgrades Loan Offering to Cater to SMEs

Tonik Digital Bank recently updated its Big Loan product, aiming to address a broader range of financial requirements for small businesses in the Philippines. This enhancement is part of Tonik’s efforts to support the growing needs of small and medium

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Leapgen and FinScore Join Forces to Enhance Microloan Access for Filipinos

Local fintech firm Leapgen Lending has announced a partnership with FinScore, a Philippines-based alternative credit scoring provider. This collaboration aims to offer more accessible microloan options for individuals facing challenges in accessing traditional banking services. FinScore specialises in alternative credit

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Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC

Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey is just one aspect of the puzzle. Growth relies not only on attracting new customers but also on maximising the

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FinScore’s CrediView Elevates Credit Scoring with Extensive Loan Inquiry Data

FinScore, a Philippines-based alternative credit scoring provider, has developed a new tool named CrediView, which aims to enhance the credit assessment process beyond traditional methods. CrediView grants banks and lenders access to a borrower’s recent loan inquiries across more than

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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs

Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation. According to the Asian Development Bank, SMEs make up 98%

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GoTyme Bank and PayMongo Enable Easier Loan Access for Thousands of SMEs

Filipino digital bank GoTyme and payment gateway PayMongo have recently announced a partnership aimed at enhancing financial access for small and medium-sized enterprises (SMEs). This collaboration is set to allow thousands of SMEs in the PayMongo merchant network to obtain

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BSP’s Push to Standardise QR Codes Helps Salmon Expand Financial Inclusion

Bangko Sentral ng Pilipinas’ (BSP) recent moves to standardise QR payment codes across the Philippines are helping democratise consumer credit in the Philippines in unexpected ways, with Salmon leading the charge. Based on a global standard for secure payments, QR

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Paywatch Launches in the Philippines, Plans Indonesia Expansion by Year-End

Earned Wage Access (EWA) service provider Paywatch has officially launched in the Philippines, its third market after Malaysia and South Korea. The company will also launch in Indonesia before year-end. Paywatch is a bank-backed and regulator-approved EWA solution that allows

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Tonik Rolls Out Insurance Product for Loan Borrowers

Philippines’ digital bank Tonik has tied up with life insurance company Sun Life Grepa Financial to launch Payhinga, an inclusive insurance product for loan borrowers. Payhinga will complement Tonik’s existing loan offerings and will be readily available to customers applying

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