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    Fintech News Philippines

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    E-walletsPayments

    PayMongo Unveils New Digital Wallet for Filipino SMEs

    Fintech News PhilippinesAugust 19, 2024

    Payment processing platform PayMongo has unveiled its latest offering—the PayMongo Wallet—designed to streamline digital transactions for small and medium enterprises…

    BlockchainWealthtech

    PDAX Partners with Investagrams to Democratise Crypto Access for Filipinos

    Fintech News PhilippinesAugust 14, 2024

    Investagrams Inc. has announced a new partnership with the Philippine Digital Asset Exchange (PDAX) to enhance accessibility to cryptocurrency trading…

    Regtech

    ADVANCE.AI to Launch New Credit Bureau in the Philippines by Q4 2024

    Fintech News PhilippinesAugust 13, 2024

    State-owned Credit Information Corporation (CIC) has inked an agreement with ADVANCE.AI to establish a new credit bureau in the Philippines.…

    InsurTech

    Singlife Philippines to Enhance Interest Earning on Insurance Accounts

    Fintech News PhilippinesAugust 13, 2024

    Singlife Philippines has launched the Singlife Super Boost Programme, a new life insurance initiative that allows customers to earn up…

    Digital BankingLending

    Maya Bank Disburses Over US$800 Million in Loans, Reaching Over a Million Borrowers

    Fintech News PhilippinesAugust 12, 2024

    Filipino digital bank Maya has disbursed a total of PHP 47 billion (approximately US$819 million) in loans to over a…

    LendingPayments

    BillEase Reports Profitability in 2023 Following Customer, Merchant Growth

    Fintech News PhilippinesAugust 12, 2024

    Philippine-based BNPL (Buy Now, Pay Later) and consumer finance startup BillEase achieved profitability in 2023. This was driven by robust…

    Digital BankingE-wallets

    GCash May Join Digital Bank Race, But No Firm Decision Yet

    Fintech News PhilippinesAugust 12, 2024

    Martha Sazon, CEO of GCash, told Bloomberg that the Filipino e-wallet is considering applying for a digital bank license after…

    Digital Banking

    BSP to Allow Up to Ten Digital Banks in the Philippines From 2025

    Fintech News PhilippinesAugust 8, 2024

    Bangko Sentral ng Pilipinas (BSP) will lift the moratorium on granting new digital banking licenses starting 1 January 2025, allowing…

    E-wallets

    GCash IPO Hinges on Market Conditions, Says CEO Martha Sazon

    Fintech News PhilippinesAugust 8, 2024

    Philippines-based mobile e-wallet GCash is still eyeing an initial public offering (IPO), but the timing depends on improvements in market…

    AIEvents

    Over 1,000 Attend Fintech Alliance PH Summit Focused on AI’s Role in Shaping the Nation

    Fintech News PhilippinesAugust 7, 2024

    Over a thousand attendees joined the annual summit organised by Fintech Alliance Ph, an association for fintech and digital innovators…

    Digital BankingLending

    Salmon to Grow Loan Offerings Through Netbank Partnership

    Fintech News PhilippinesAugust 7, 2024

    Netbank, a rural bank specialising in embedded finance, has entered into a loan channelling agreement with local fintech Salmon. The…

    Security

    BSP Unveils Cyber Resilience Plan to Combat Growing Threats

    Fintech News PhilippinesAugust 7, 2024

    The Bangko Sentral ng Pilipinas (BSP) has unveiled its Financial Services Cyber Resilience Plan (FSCRP) to bolster the defense of…

    E-walletsFunding

    GCash Now Valued at US$5 Billion as MUFG and Ayala Each Take 8% Stakes

    Fintech News PhilippinesAugust 6, 2024

    Globe Fintech Innovations, Inc. (Mynt), the parent company of GCash, has secured new strategic investments from Ayala Corporation and Mitsubishi…

    FundingPayments

    Oppenheimer Generations Backs GrowSari with US$5 Million Funding

    Fintech News PhilippinesAugust 6, 2024

    B2B e-commerce platform GrowSari has raised US$5 million from Oppenheimer Generations, according to regulatory filings accessed by DealStreetAsia. The family…

    BlockchainCrypto

    PayPal USD Stablecoin Now Available on GCash’s GCrypto for Philippine Users

    Fintech News PhilippinesJuly 31, 2024

    GCash has announced the introduction of PayPal’s stablecoin, PayPal USD (PYUSD), to the Philippine market. This development allows users and…

    Digital TransformationSponsored

    Mambu: Banks Must Rethink Systems, Not Just Digitise Old Processes

    Fintech News PhilippinesJuly 31, 2024

    The banking industry is undergoing a rapid transformation, driven by technological advancements and changing customer expectations. While many banks have…

    Wallets

    Filipinos in Qatar Can Now Pay SSS Contributions via Ooredoo Money App

    Fintech News PhilippinesJuly 31, 2024

    Qatar-based digital wallet Ooredoo Money has introduced a new feature in its app to support its Filipino customers, by enabling direct…

    InsurTech

    Ignite by Igloo Expands to the Philippines, Enhancing Insurance Sales with Digital Tools

    Fintech News PhilippinesJuly 31, 2024

    Marking its third year, Ignite by Igloo has been launched in the Philippines by the regional insurtech company Igloo. Ignite…

    BankingDigital Transformation

    Chamber of Thrift Banks Chief Highlights Fintech as Strategic Pathway to Growth

    Johanan DevanesanJuly 30, 2024

    The evolving landscape of the country’s banking sector presents significant opportunities for thrift banks, particularly through collaborations with the fintech…

    Lending

    Mocasa Advises on the Importance of a Calamity Fund Following Typhoon Carina

    Fintech News PhilippinesJuly 30, 2024

    As the monsoon season descends on the Philippines, the fintech firm and virtual credit wallet Mocasa is advising the public…

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