Lending
BPI Family Savings Bank Optimistic Lending Activities Will Pick up Pace Post-ECQ
BPI Family Savings Bank is optimistic that its first variable amortisation loan programme called Step Up PayPlan will pick up pace, noting that lending activities have improved after the lockdown period. In a virtual launch on Wednesday, BPI Family Bank
Read More
Home Credit Ties up With RCBC’s DiskarTech App to Disburse Cash Loans
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech has tied up with taps Home Credit to allow its users to have their cash loans disbursed straight into the former’s digital savings accounts. This interest-bearing basic deposit account earns a competitive 3.25% profit
Read More
Skype Co-Founder Bags US$ 20 Million to Push Fintech Lending in the Philippines
Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset investment firm. The facility, which
Read More
Philippines Cracks Down on Online Lenders
Philippines’ Securities and Exchange Commission issued a statement prohibiting another batch of 13 online lending operators from further engaging in lending activities. The regulator issued an immediate cease and desist to the owners and operators from promoting and facilitating unauthorised
Read More
Philippines’ Regulators Voice Support for Industry Driven TechnoEthics for Digital Lending
Members of FinTechAlliance.ph, an organization of fintech and digital firms have agreed to institutionalize an industry-wide code of ethics and adopt a code of conduct among its Alliance member-companies for responsible online lending. This comes after three online lenders were
Read More
Lazada Philippines Teams up with AsiaKredit to Offer Shoppers Installment Plans
Asia Kredit announced today a partnership with Lazada Philippines which will enable Lazada shoppers to purchase and apply for monthly payment installments on the Lazada Platform through AsiaKredit’s eShopaLoan. Filipino consumers will now have the option of paying for purchases
Read More
Philippines’ Digital Lenders Pledge to Weed Out Predatory Behaviour
Members of the FinTech Alliance.ph have agreed to adopt a code of conduct for responsible online lending. This was after 48 online lenders have been cited for alleged unethical collection practices leading to data privacy violation. Over 400 harassment complaints
Read More