Lending
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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HitPay Partners GCash to Offer More Payment Options to Filipino Merchants
HitPay, a payment processing platform for small businesses, has partnered with Philippines’ e-wallet GCash to expand its payment options for merchants in the country. Through this partnership, HitPay merchants in the Philippines can now offer three new payment methods; GCash,
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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact
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Salmon Rolls Out BNPL Service With Built-in QR PH Payment Options
Philippines-based fintech Salmon announced the launch of Salmon Credit, its first credit line product with built-in QR Ph payment options. Filipinos will now be able to make payments at more than 600,000 QR Ph-enabled merchant locations across the country. Salmon
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Akulaku Taps Netbank to Expand Its Loan Offering in the Philippines
Netbank, a Filipino embedded finance platform, has partnered with Indonesian fintech unicorn Akulaku to offer affordable and convenient loans to Filipinos. The partnership will integrate Akulaku’s users into Netbank’s “Loans as a Service” model, which will help the Indonesian fintech
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Fuse Lending and GCash Partner to Offer Nano Loans to Filipinos
Philippines e-wallet GCash its credit affiliate Fuse Lending, a consumer and business lending marketplace, have rolled out ‘GCash Sakto Loans’. This new nano loan offering is designed to help Filipinos borrow small amounts of money conveniently without any paperwork. GCash
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Salmon Expands Physical and Online Loan Repayment Options
Philippines’ consumer fintech Salmon has made it easier for its customers to repay their loans. Salmon launched repayment channels with five institutions, including MLhuillier and SM Bills Payment Centers (SM Stores), that will provide new loan repayment locations. The fintech
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