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    Fintech News Philippines

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    Digital Banking

    Robocash Raises Pre-IPO Round for Philippines Digibank Despite Revoked Lending License

    Fintech News PhilippinesJuly 3, 2020

    Robocash Group opened a US$5 million pre-IPO funding round to finance the launch of its digital bank in Philippines called…

    Digital Banking

    RCBC’s “Taglish SuperApp” DiskarTech to Target Millions of Unbanked Filipinos

    Fintech News PhilippinesJuly 1, 2020

    Rizal Commercial Banking Corporation (RCBC) has launched what they described as the country’s first all-in-one “Taglish” inclusion super app, DiskarTech.…

    Digital Banking

    Philippines Launches Overseas Filipino Bank, a Government Owned Digital Bank

    Fintech News PhilippinesJune 30, 2020

    The national government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), announced this…

    Wallets

    UnionBank Extends Its Free Instapay Transfers

    Fintech News PhilippinesJune 25, 2020

    Union Bank of the Philippines (UnionBank) announced that it has extended its free Instapay transfers or instant transfers between accounts…

    Remittance

    UnionBank Rolls Out 11,000 Cash Out Options Nationwide

    Fintech News PhilippinesJune 22, 2020

    UnionBank recently rolled out more cash-out options for customers via 11,000 remittance counters across the Philippines, including in rural areas…

    Digital Banking

    RCBC Named Best Digital Bank in Philippines

    Fintech News PhilippinesJune 22, 2020

    The Rizal Commercial Banking Corporation (RCBC) was recognized yesterday as the “Best Digital Bank in the Philippines” by a Hong…

    Digital Banking

    Philippines’ Digital-Only Bank Tonik Raises $21M Series A Led by Sequoia India and Point72

    Fintech News PhilippinesJune 15, 2020

    Tonik Financial Pte Ltd (“tonik”) announced today that it closed a $21M round of Series A equity funding. The round…

    Various

    Bill Taxing Digital Economy in Philippines to Kill “Infant” Industry, Says Fintech Sector Group

    Fintech News PhilippinesJune 8, 2020

    Fintech Alliance.ph, a coalition of fintech and digital companies, has tagged a proposed bill in the House of Representatives to…

    Banking

    RCBC Sees 1000% Increase in Growth for Cardless ATM Withdrawal Service

    Fintech News PhilippinesJune 3, 2020

    More than 1,000-percent increase in the growth was recorded in May in transaction value coursed through Rizal Commercial Banking Corporation’s…

    Wallets

    Grab Launches a Fully Digital GrabPay Card in Philippines

    Fintech News PhilippinesJune 3, 2020

    Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard…

    Banking

    RCBC Expands Its Payout Network to Include Those Without Mobile Phones in Rural Areas

    Fintech News PhilippinesMay 25, 2020

    Rizal Commercial Banking Corporation (RCBC) said that it is closer to its target of covering all provinces of the country…

    Digital Banking

    Philippines Central Bank Governor Says 50% of Payment Transactions Will Be Digital by 2023

    Fintech News PhilippinesMay 21, 2020

    At least half of retail payment transactions will be shifted to digital in three years. This according to Bangko Sentral…

    Various

    Top 7 Fintech Startups in the Philippines for 2020

    Fintech News PhilippinesMay 13, 2020

    Last year, Manila was named one of the world’s friendliest cities in the world for fintech startups, and was recognized…

    Covid19

    Philippines’ RCBC is Thriving Despite COVID-19 Pandemic

    Fintech News PhilippinesMay 8, 2020

    Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is reporting record-highs in digital growth amid the pandemic and Philippines’ enhanced community quarantine…

    Covid19

    BSP Monetary Board Grants RCBC Approval Distribute COVID-19 Relief Fund

    Fintech News PhilippinesApril 20, 2020

    The Bangko Sentral ng Pilipinas (BSP) granted authority to Rizal Commercial Banking Corp. (RCBC) to accept government funds to assist…

    BankingCovid19

    COVID-19: UnionBank’s Platform Accelerates Online Donations for Philippine NGOs

    Fintech News PhilippinesApril 17, 2020

    Union Bank of the Philippines through its UShare platform, is enabling non-government organizations (NGOs) in the country digitize with some…

    Various

    5 Fastest Growing Fintech in The Philippines According to IDC

    Fintech News PhilippinesApril 8, 2020

    IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing…

    Wallets

    PayMaya’s Parent Company Secures US$ 120 Million from Tencent, IFC, KKR and PLDT

    Fintech News PhilippinesApril 7, 2020

    PLDT, a major telco player from the Philippines, KKR, a Global investment firm, Tencent, the China-based internet giant, and IFC,…

    Covid19

    Philippines’ Financial Industry and NGO Groups Link For Faster COVID-19 Subsidy Delivery

    Fintech News PhilippinesApril 1, 2020

    Private companies join hands in support of the government’s social amelioration program to Filipinos severely affected by the COVID-19 enhanced…

    Digital Banking

    Digital Banking Transactions Continue Surge In Philippines as Quarantine Enters Week 3

    Fintech News PhilippinesMarch 30, 2020

    From the first three days of the enhanced community quarantine (ECQ), new enrolments in RCBC Online Banking continued to rise.…

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