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Philippines Central Bank Joins Digital Currency Race
Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy implications of issuing its own digital currency, governor Benjamin E. Diokno said on July 29. “We have to first look
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CIMB’s Digital Bank in Philippines Poised for 500% Growth in 2020
CIMB Bank Philippines is foreseeing a 500% increase in their deposit balances by end-year, following a reported 160% surge of average cash-in per customer in the second quarter of 2020. Their momentum for customer acquisition stood strong throughout April to
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Philippines Central Bank Governor Says 50% of Payment Transactions Will Be Digital by 2023
At least half of retail payment transactions will be shifted to digital in three years. This according to Bangko Sentral ng Pilipinas Governor Benjamin Diokno in a digital forum hosted today by the Fintech Alliance.ph. Along with this commitment, Diokno
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Top 7 Fintech Startups in the Philippines for 2020
Last year, Manila was named one of the world’s friendliest cities in the world for fintech startups, and was recognized for its strong English-language skills and well-established outsourcing industries. Fintech companies already compose 15% of Manila’s startups, according to Startup
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5 Fastest Growing Fintech in The Philippines According to IDC
IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players
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Philippines’ Fintech Alliance Launches Campaign to Aid Taal Volcanic Eruption Victims
The FinTech Alliance.ph has mobilized the entire Philippine digital industry to quickly assist the victims of the recent Taal volcano eruption which is still at alert level 4 or ‘hazardous eruption’ imminent in the coming days. Ashfall reached more than
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CIMB Philippines Partners with Singapore’s CredoLab to Further Drive Financial Inclusion
CIMB Bank Philippines has partnered with Singapore-based fintech CredoLab to extend financial products to underbanked customers in the Philippines, starting with personal loans. CIMB Bank Philippines uses CredoApp (CredoLab’s white-label mobile application) to instantly score applicants, including “thin-file” customers who
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The Philippines Fintech Report 2018
With a population of over 100 million, just 31% of adults having a bank account, and a mobile penetration of 58%, the Philippines is a fertile ground for fintech innovation. Currently, only 4% of all transactions are made online in
Read MoreFinTech Startups in Philippines
Submit your FinTech Startups Submit your FinTech Startups Other resources you might be interested in: Curious about other Asian Fintech Startup Directories and lists? Here’s a nice overview page looking at the fintech startups directories in Asia by country.
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