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    Fintech News Philippines

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    Digital BankingFunding

    PayMaya Raises $167m from PLDT, Tencent and IFC; Eyes Digital Banking License

    Fintech News PhilippinesJune 28, 2021

    Philippines digital and financial services firm Voyager Innovations announced that it raised US$167 million through its financial technology arm, PayMaya…

    Digital BankingPayments

    Neobank Netbank Joins the Mastercard Fintech Express to Become a Card Issuer

    Fintech News PhilippinesJune 25, 2021

    Netbank announced that it will join the Mastercard Fintech Express programme which gives it access to a vast range of…

    Open Banking

    RCBC Rolls Out Open Banking Partnership With the Rural Bankers Association

    Fintech News PhilippinesJune 23, 2021

    The Rizal Commercial Banking Corporation (RCBC) has rolled out an enabling digitalisation initiative with a new partnership with the Rural…

    Digital Banking

    Philippines Central Bank Cracks Down on Entities Posing as Digital Banks

    Fintech News PhilippinesJune 18, 2021

    The Bangko Sentral ng Pilipinas (BSP) has issued a circular to put a stop to any entities that are misrepresenting…

    Digital Banking

    Philippines Central Bank BSP Issues Digital Bank License to UNObank

    Fintech News PhilippinesJune 8, 2021

    The Bangko Sentral ng Pilipinas (BSP) has granted the third digital bank license to Singapore headquartered fintech DigibankASIA, one of…

    Digital Banking

    Neobank Tonik Secures Digital Banking License

    Fintech News PhilippinesJune 7, 2021

    Neobank Tonik announced that it has secured a digital bank license from the Bangko Sentral ng Pilipinas (BSP) as it…

    Various

    RCBC’s Diskartech App Emerges as Filipinos’ Preferred Disbursement Platform

    Fintech News PhilippinesJune 4, 2021

    Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech is gaining ground as a preferred disbursement platform of Filipinos…

    Various

    Intellicare Taps Unionbank to Open Digital ePaycard Accounts for Affiliated Doctors

    Fintech News PhilippinesJune 2, 2021

    Philippines’ health maintenance organisation (HMO) Asalus Corporation which operates under the trade name Intellicare, partnered with Union Bank of the…

    Digital Banking

    Neobank Netbank Officially Kicks Off With a Rural Banking License

    Fintech News PhilippinesJune 1, 2021

    Netbank, a banking as a service platform in the Philippines, has been launched by an experienced team of international and…

    Open Banking

    Philippines Fintech Groups Pilots the Fintech Industry Sandbox

    Fintech News PhilippinesMay 28, 2021

    The Fintech Alliance.PH and Fintech Philippines Association (FPH) introduced the Philippines Fintech Industry Sandbox pilot which was first announced during…

    Open Banking

    EastWest’s Digital Bank Komo Taps Brankas for Instant in-App Deposits

    Fintech News PhilippinesMay 27, 2021

    Komo, a digital banking service created by EastWest Bank, has partnered with open banking solution provider Brankas to enable instant…

    Payments

    RCBC Reports Exponential Surge in Contactless Payments in the Past Year

    Fintech News PhilippinesMay 20, 2021

    Rizal Commercial Banking Corporation (RCBC) announced that it witnessed massive growth in its digital payments volume in the past year.…

    Cloud

    UnionBank to Fully Migrate to AWS’ Cloud by 2022

    Fintech News PhilippinesMay 20, 2021

    Amazon Web Services (AWS), an Amazon.com company, announced that the Union Bank of the Philippines will migrate its IT infrastructure…

    Various

    Nearly 1 Million Filipinos Signed up Online for National ID via Digital Registration

    Fintech News PhilippinesMay 20, 2021

    More than 800,000 have already signed up for the Philippine Identification System (PhilSys) via digital registration, according to the Philippine…

    Banking

    LANDBANK Unveils Digital Onboarding for Account Opening via Mobile App

    Fintech News PhilippinesMay 13, 2021

    The Land Bank of the Philippines (LANDBANK) has rolled out digital onboarding for its customers to enable them to open…

    Digital Banking

    BSP Deputy Governor: Digital Bank License a Game Changer for Financial Inclusion

    Fintech News PhilippinesMay 11, 2021

    As the Philippines begins awarding its first digital banking licenses, incumbents are gearing up for a new era in banking,…

    Digital BankingFunding

    Neobank Tonik Bags US$17 Million in Pre-Series B Funding Round Backed by Sequoia

    Fintech News PhilippinesMay 11, 2021

    Philippines neobank Tonik announced that it has raised US$17 million in a Pre-Series B funding round. The round comes on…

    Lending

    Australian BNPL Firm Zip Drives Expansion in South East Asia With Investment in TendoPay

    Fintech News PhilippinesMay 7, 2021

    Australian Buy Now, Pay Later (BNPL) company Zip Co has furthered its global expansion, announcing a strategic investment in TendoPay,…

    Wallets

    PayMaya Emerges as the First Fintech to Integrate the QR Ph Payment Option

    Fintech News PhilippinesMay 6, 2021

    PayMaya, a mobile wallet under the purview of PLDT, has become the first fintech company to adopt QR Ph for…

    Cloud

    PBCOM Leverages Temenos’ Cloud Solution to Offer Digital-First Banking Services

    Fintech News PhilippinesMay 5, 2021

    Philippine Bank of Communications (PBCOM) has gone live with Temenos Transact, a core banking Software-as-a-Service (SaaS) solution, to offer digital-first…

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