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    Payments

    BSP Aiming to Launch Instant Cross-Border Payment Service by 2026

    Fintech News PhilippinesMarch 7, 2024

    The Bangko Sentral ng Pilipinas (BSP) has outlined plans to introduce an instant cross-border payment service by 2026, aiming to…

    Various

    Hubert Dominic B. Guevara Returns to SEC as Commissioner

    Fintech News PhilippinesMarch 5, 2024

    Hubert Dominic B. Guevara has been appointed as a new Securities and Exchange Commission (SEC) commissioner, succeeding fellow attorney Kelvin…

    Security

    BSP Finalising Revised Framework for Money Service Businesses

    Johanan DevanesanMarch 5, 2024

    The Bangko Sentral ng Pilipinas (BSP) is on the verge of finalising a comprehensive new framework to bolster the regulatory…

    Remittance

    GCash Partners with E9pay to Expand Remittances for Filipinos to South Korea

    Fintech News PhilippinesMarch 4, 2024

    E-wallet GCash has announced its expansion into South Korea through a strategic partnership with Seoul-based broker E9pay. This collaboration aims…

    Digital Banking

    Tonik Financial Confirms Multiple Layoffs in Bid for Profitability

    Fintech News PhilippinesMarch 4, 2024

    Tonik Financial, headquartered in Singapore and operating the Tonik Digital Bank in the Philippines, has recently revealed a reduction in…

    Funding

    Malaysia’s Creador Commits US$71.2 Million Investment to Grow Asialink Expansion

    Fintech News PhilippinesFebruary 29, 2024

    Creador, a private equity firm in Southeast Asia, has made a strategic investment of PHP4 billion (US$ 71.2 million) in…

    Banking

    Salmon Introduces “Early Bird” Savings Scheme with 8.88% Interest Rate

    Fintech News PhilippinesFebruary 29, 2024

    Salmon has recently introduced its “early bird” savings scheme. The financial services company now operates a licensed bank, the Rural…

    Digital Banking

    GoTyme Projects Doubling Customer Base to 5 Million, Unleashing New Products in 2024

    Fintech News PhilippinesFebruary 27, 2024

    GoTyme Bank is poised for considerable growth, with expectations to more than double its customer base by the conclusion of…

    Crypto

    Coins.ph Achieves Record Trading Volume with Coins TradeDesk in Early 2024

    Fintech News PhilippinesFebruary 27, 2024

    In a notable development at the outset of 2024, Coins.ph, the most established Bitcoin and cryptocurrency exchange market in the…

    Funding

    ProCredit Secures US$4.1 Million in Funding to Boost Local SME Lending

    Fintech News PhilippinesFebruary 26, 2024

    ProCredit, a fintech enterprise specialising in loans for small and medium-sized enterprises (SMEs), has successfully raised US$4.1 million in a…

    Banking

    BSP Endorses New Sustainable Finance Taxonomy to Guide Philippine Banks

    Fintech News PhilippinesFebruary 26, 2024

    Within the realm of sustainable finance in the country, the Monetary Board and the Bangko Sentral ng Pilipinas (BSP) have…

    Lending

    Helios Pioneers Solar Mortgage Programme to Introduce Affordable Sustainable Energy

    Fintech News PhilippinesFebruary 26, 2024

    Philippines startup Helios claims to have launched the first solar mortgage programme, marking a step towards transforming the local energy…

    Various

    SEC Issues Alert on Unregistered Investment Schemes by DigiVault Trading and Altstrade

    Fintech News PhilippinesFebruary 26, 2024

    The Securities and Exchange Commission (SEC) has issued a cautionary notice to the public regarding their dealings with DigiVault Trading…

    BankingBig Data

    Bank of Makati is Leveraging Qlik for Data-Driven Customer Insight

    Fintech News PhilippinesFebruary 22, 2024

    Qlik revealed its collaboration with Bank of Makati Inc (BMI), the Philippines’ fifth-largest stand-alone thrift bank by assets, marking a…

    Banking

    BSP, PDIC Sign MOA to Streamline Cooperation and Supervision of Bank Deposits

    Johanan DevanesanFebruary 22, 2024

    The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) have updated their cooperative framework through the…

    Banking

    ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks

    Fintech News PhilippinesFebruary 21, 2024

    the Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks,…

    Wealthtech

    BPI Wealth AUM Surpasses P1 Trillion Mark, Sets Sights to Expand Offerings

    Fintech News PhilippinesFebruary 21, 2024

    BPI Wealth, the wealth management subsidiary of the Bank of the Philippine Islands (BPI), is preparing for a substantial increase…

    Digital BankingFunding

    UNO Digital Bank Secures $32.1 Million in Funding to Fuel Expansion

    Fintech News PhilippinesFebruary 20, 2024

    UNOAsia Pte Ltd has secured US$32.1 million in a recent pre-Series B funding round, with the mix of equity and…

    E-wallets

    GCash Partners Philippines’ Cybercrime Agency to Combat Financial Fraud

    Fintech News PhilippinesFebruary 20, 2024

    In an effort to tackle the increasing instances of financial fraud in the country, the e-wallet GCash has joined forces…

    Payments

    Atome, Mastercard Unveil Card Feature with Gaming Credits and Rewards Exchange

    Fintech News PhilippinesFebruary 20, 2024

    Atome has collaborated with Mastercard to enhance the gaming experience for its users in the Philippines. This collaboration enables Atome…

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