Payments

HitPay Ties up With BillEase to Enable BNPL Payment Option for SMEs

HitPay, a Singapore-based payment platform for SMEs, has partnered with Filipino BNPL and consumer finance app BillEase to offer local businesses card-free installment payment option to their customers at checkout. Through BillEase, online and offline retailers can offer shoppers three

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BSP Sets Higher Liquidity and Capital Requirements for e-Money Issuers

The Bangko Sentral ng Pilipinas (BSP) has set higher liquidity and capital requirements for Electronic Money Issuers (EMIs) with significant outstanding e-money balance and large scale operations. The regulator is looking to promote resilience of EMIs amid the increasing IT

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Singapore’s Hitpay Granted Payment License in the Philippines

HitPay, a Singapore-based payment platform for SMEs, has received a license from the Bangko Sentral ng Pilipinas (BSP) to be a registered Operator of Payment System (OPS). With HitPay, SMEs can integrate a full suite of payment options all on

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Innovative Technology Remedies Almost 100% Of Payment Pain Points in APAC

The Asia-Pacific region, with 13 countries that process US$17.8 billion in digital payments per year, tends to invite issues as big as the region itself. As we kick-start 2023, banks and financial institutions (FIs) in the region will be pleased

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Former GoTyme Bank CEO Appointed as New President and CEO of PayMongo

Paymongo announced the appointment of Jojo Malolos as the new President and CEO of PayMongo, effective February 1, 2023. As part of this appointment, Isabel Ridad will be stepping down as Interim CEO and will be leaving the company as

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Philippines SEC to Accept Only Digital Payments After February 2023

The Securities and Exchange Commission (SEC) announced that it will be making a complete shift towards digital payments by 1 February 2023. The public will have to use the eSPAYSEC that was launched in March last year to make payment of

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Here’s How Fintech Is Modernising Digital Payments in the Philippines

The digital payments landscape in the Philippines has undergone significant growth and evolution in recent years. In 2015, the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, introduced the National Retail Payment System (NRPS) to promote the development and

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Direct Agent 5 Secures Crypto, E-Money and EPFS Licenses From BSP

Direct Agent 5 (DA5), a provider of remittance and forex services, has secured three licenses from the Bangko Sentral ng Pilipinas (BSP). Among them are approvals to operate as a Non-Bank Electronic Money Issuer (EMI), Virtual Assets Service Provider (VASP),

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Coins.ph Rolls Out QR Payments Feature for Its 18 Million Users

Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, has launched a new QR payment feature that will allow its users to make convenient cashless payments to merchants and businesses throughout the country. Users can simply click “Pay with

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BSP, Philippine Payments Management Launches ‘Bills Pay PH’

The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management (PPMI) launched “Bills Pay PH” in line with continuing efforts to digitalise the country’s retail payments landscape. Bills Pay PH facilitates digital transactions between accounts from different payment service

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