The Bangko Sentral ng Pilipinas (BSP) has raised the maximum monthly add-on rate that banks can charge on credit card instalment loans to 1.5% from 1%, while keeping the 3% monthly cap on credit card…
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View MoreLaunching a new financial product has often meant waiting for a core vendor to fulfil change requests, building workarounds, or...
Read MoreThe Bangko Sentral ng Pilipinas (BSP) has introduced a new regulatory framework for merchant payment acceptance activities (MPAA)…
GoTyme Bank has announced that it has booked deposits totalling P17.3 billion, driven by a significant increase in…
The Bangko Sentral ng Pilipinas (BSP) has endorsed the recent passage of Republic Act No. 12010, also known…
UnionDigital Bank has announced that its board has accepted the resignation of Henry Aguda as president and chief…
Rizal Commercial Banking Corporation (RCBC) has announced a new collaboration with FastPay, a mobile remittance app operating exclusively…
The Bangko Sentral ng Pilipinas (BSP) has approved applications for five regular bank branches and 23 branch-lite units…
Veteran banker Walter C. Wassmer has been appointed by President Ferdinand R. Marcos, Jr. as a member of…
In the Philippines, real-time payments have experienced considerable growth in recent years. In 2023, instant payments accounted for…
Tonik Financial, the parent company of the Philippines-based digital lender Tonik Digital Bank, reported reduced year-on-year losses in…
The Philippines’ central bank, Bangko Sentral ng Pilipas (BSP) issued a warning last week, urging citizens to exercise…
First Metro Investment Corp. also known as FMIC, has revealed its new president. It announced the appointment of…
Philippines fintech industry organisation Fintech Alliance.PH has announced its support for the Bangko Sentral ng Pilipinas (BSP)’s “Race…
Philippines cryptocurrency exchange Coins.ph has introduced its Philippine Peso (PHP) stablecoin, PHPC, on Ronin, a major gaming blockchain by…
GCash, the leading e-wallet and digital financial services ecosystem in the Philippines, introduced new innovations at the recent…
Zafer Mustafaoglu has been appointed as the new country director for the Philippines, Malaysia, and Brunei by the…
Union Bank of the Philippines (UnionBank) has announced that Senior Executive Vice President Ana Maria Aboitiz Delgado will…
BancNet Inc., an electronic banking consortium, has reinforced its cybersecurity protocols in response to the banking industry’s increasing…
The financing arm of Metropolitan Bank & Trust Co. (Metrobank) has appointed a new president, the company announced…
The Fintech Alliance Philippines has announced the addition of new members, including Bank of the Philippine Islands (BPI),…
Filipino fintech Salmon Group has launched an auto-debit feature for its credit products in the Philippines. This new…
Credit-led neobank Zed has received its Certificate of Authority to operate as a standalone credit card issuer from…
Atome Financial has secured a three-year term loan facility to launch new products in the Philippines, Singapore, Malaysia,…
The value of electronic fund transfers through the PESONet and InstaPay platforms increased by 37 percent to P5.22…
Filipinos can now apply for a wider range of banking services through a new partnership between Bank of…
Consumer finance app BillEase aims to increase its net income by 50% this year as it seeks to…
The Bangko Sentral ng Pilipinas (BSP) emphasised digital transformation as essential for enhancing rural bank operations during the…
Salmon Group Ltd. has announced its target to expand its loan portfolio to US$2 billion over the next…
The Bangko Sentral ng Pilipinas (BSP) has issued a cautionary memorandum to its supervised institutions regarding the utilisation…
The Philippine Stock Exchange (PSE) may have to wait before it sees its first e-wallet IPO, as experts…
Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation? The…
Maya announced on Wednesday, 19 June, that its digital bank customers are developing stronger savings habits, with average…
Brankas and Global Finteq have announced a strategic partnership to launch one of the first Lending-as-a-Service (LaaS) platforms…
South African digital challenger TymeBank, an affiliate of the Tyme Group that also operates GoTyme in the Philippines,…
The International Finance Corporation (IFC) has acquired a stake in fintech company First Circle, investing approximately P410 million…
GCash, the Philippines’ leading finance app and largest cashless ecosystem, has entered into a collaboration with Meridian, an…
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