Payments
Salmon Group and AllBank Unite to Broaden QR Payments Reach in the Philippines
The Salmon Group has partnered with AllBank (A Thrift Bank), Inc. to introduce a QR Ph-enabled payment system aimed at simplifying repayments for financial products, signalling a noteworthy shift in transaction methods. Leveraging Salmon Group’s expertise in fintech and consumer
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PayPal and GCash Forge Ties to Streamline Payments for Filipino Freelancers
Super app GCash has announced an enhancement of its partnership with the global online payment giant PayPal. This collaboration is set to benefit the Philippines’ freelancer and e-commerce entrepreneur community by introducing an improved ‘PayPal Cash-In’ feature within the GCash
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BSP Introduces Payment Manual To Sets Standards for System Participants
In an effort to consolidate and clarify the regulatory framework of the Philippines’ National Payment System (NPS), the Bangko Sentral ng Pilipinas (BSP) has introduced its first-ever Manual of Regulations for Payment Systems (MORPS). According to the central bank, the
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RCBC Announces Nationwide Expansion of ATM Go Network
Rizal Commercial Banking Corporation (RCBC) has announced a significant expansion of its RCBC ATM Go network, reportedly establishing it as the Philippine bank with the broadest mobile point-of-service merchant network. According to the bank, this expansion extends across all 82
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eTap to Broaden Payment Network, Plans to Deploy 2,000 Additional Kiosks
Electronic Transfer & Advance Processing, Inc. (eTap), a principal operator of payment kiosks, has disclosed intentions to significantly extend its network across the country by adding 2,000 new kiosks to its existing tally of 3,500 by the end of this
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BSP Aiming to Launch Instant Cross-Border Payment Service by 2026
The Bangko Sentral ng Pilipinas (BSP) has outlined plans to introduce an instant cross-border payment service by 2026, aiming to simplify the process of sending remittances to the Philippines. BSP Governor Eli M. Remolona, Jr. highlighted this initiative during a
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Atome, Mastercard Unveil Card Feature with Gaming Credits and Rewards Exchange
Atome has collaborated with Mastercard to enhance the gaming experience for its users in the Philippines. This collaboration enables Atome Card holders to convert their Atome rewards points into gaming credits through the Mastercard Gamer Xchange (MGX). The initiative is
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BSP Lauds Rise in Digital Payment Technology in the Philippines
The Bangko Sentral ng Pilipinas (BSP) has reported on the ongoing expansion of digital payment technologies, noting their significant role in enhancing the delivery of financial services to unbanked populations and micro, small, and medium enterprises (MSMEs). This development is
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Brankas Set to Expand QR and e-Wallet Payment Services for NetGlobal Pay
Brankas and NetGlobal Solutions Inc. have recently formalised a Memorandum of Agreement that facilitates a collaborative effort to expand the capabilities of NetGlobal Pay. This initiative focuses on enhancing the platform’s offerings to include QR Ph, pay-by-bank, and pay-by-wallet functionalities
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Isabel Ridad Takes Helm at Wise Pilipinas Amid Philippines Strategic Expansion
Wise, the UK-based fintech organisation formerly known as TransferWise, has expanded its operations into the Philippines, introducing Wise Pilipinas. This development marks an extension of Wise’s international presence, particularly in Southeast Asia. Isabel Ridad, founder of Monetize, has been appointed
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