Payments
Filipino Digital Bank Maya Taps TerraPay for Seamless Remittance
Payments infrastructure company TerraPay and Philippines’ digital bank Maya announced a strategic partnership at the Singapore Fintech Festival aimed at improving international remittances for Filipinos worldwide. As part of this partnership, users of the Maya app will be able to
Read More
GCash Users Can Now Pay at Alipay+ Merchants in Six New Countries
Philippines’ e-wallet GCash has expanded the availability of ‘GCash Global Pay’ to now include six new markets namely South Korea, Singapore, Malaysia, France, Italy, and the United Kingdom. This follows the initial launch of the service earlier this year. GCash
Read More
UnionBank Launches Four New Credit Cards
UnionBank of the Philippines recently launched four new credit cards with a variety of benefits to cater to the different needs and lifestyles of its customers. The UnionBank Rewards Card is suitable for those who shop and dine out often,
Read More
BSP and CDA to Step up Digital Payments Oversight
The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) signed an agreement to work together to oversee cooperatives that offer electronic money and payment services, including ATM deployment. The agreement sets out how the BSP and CDA
Read More
HitPay Partners GCash to Offer More Payment Options to Filipino Merchants
HitPay, a payment processing platform for small businesses, has partnered with Philippines’ e-wallet GCash to expand its payment options for merchants in the country. Through this partnership, HitPay merchants in the Philippines can now offer three new payment methods; GCash,
Read More
Coins.ph and Circle to Drive Awareness of USDC-Denominated Remittances
Coins.ph, a Philippines-based cryptocurrency exchange and digital wallet provider, has partnered with Circle Internet Financial (Circle), a global fintech firm and issuer of USDC. The partnership aims to drive awareness of USDC-denominated remittances as a secure, low-cost and near-instant solution
Read More
GCash Rolls Out New Visa Card for Millions of Unbanked Filipinos
Philippines’ e-wallet GCash has partnered with Visa to launch the new GCash card that will give millions of unbanked Filipinos access to the benefits of owning one. The GCash card can be used at over 100 million merchants in the
Read More
Cross-Border Payments Startup Parallax Raises US$4.5M Seed Round
Cross border payments company Parallax announced that it has raised US$4.5 million in a seed funding round led by Dragonfly Capital. Founded by Mika Reyes and Alex Kuang, Parallax provides near instant international payments. The firm is focused on providing
Read More
Four E-Wallets Now Accepted in the Philippines Through Alipay+
Ant Group, the operator of Alipay+, has announced that four mobile wallets are now accepted in the Philippine; AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia), and Alipay (Chinese mainland). This means that tourists from
Read More
GCash to Waive QRPh Transaction Fees for Micro-Merchants Until End of 2023
Philippines’ mobile wallet GCash will be waiving the QRPh transaction fees or merchant discount rates (MDRs) for micro-merchants using the scan-to-pay service until the end of 2023 according to a report by the Manila Bulletin. GCash’s scan-to-pay service enables merchants
Read More