Payments

BSP Lauds the Government’s Move to Shift to Digital Payments

The Bangko Sentral ng Pilipinas (BSP) says the issuance of the executive order on the adoption of digital payments for government disbursements and collections is a welcome move. The executive order mandates all departments, agencies, and instrumentalities of the government,

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Australian Fintech Peppermint Secures E-Money License From BSP

Peppermint Innovation, an Australian fintech listed on the ASX, announced that its subsidiary has secured an Electronic Money Issuer (EMI) license from the Bangko Sentral ng Pilipinas (BSP). The EMI license authorises Peppermint Bizmoto Inc. (PBI) to deliver e-wallet services

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Singaporean Fintech Spenmo Bags Payments License From BSP

Singapore-based payments firm Spenmo announced that it has secured a Operator of Payment System (OPS) license from the Bangko Sentral ng Pilipinas (BSP). This will give Filipinos access to both bill payments and employee spend management in one platform. Aside

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PayMaya’s Parent Company Voyager Raises US$210 Million, Vaulting It to Unicorn Status

Voyager Innovations, the company behind the Philippines digital wallet PayMaya and neobank Maya Bank, has raised US$210 million in new funds, vaulting it to unicorn status with a valuation of approximately US$1.4 billion. The round was led by Voyager’s first

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Philippines’ UNO Digital Bank Plans to Issue Debit Cards Powered by Mastercard

Bangko Sentral ng Pilipinas-licensed UNO Digital Bank announced that it is partnering with Mastercard to issue virtual and physical debit cards in the country. The virtual cards will make it easy for customers to transact online, and the physical card

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Velo Labs Partners PDAX to Enhance Cross-Border Payments to the Philippines

Velo Labs, a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses, and the Philippine Digital Asset Exchange (PDAX) have formed a partnership. The partnership aims to improve cross-border payments to the Philippines using blockchain technology.

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Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments

In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud shows. Embedded

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BSP Supports Duterte’s Executive Order to Accept National ID for All Transactions

The Bangko Sentral ng Pilipinas (BSP) supports President Rodrigo Duterte’s executive order to institutionalise the acceptance of the Philippine Identification (PhilID) or Philippine Identification System (PhilSys). This will enable the use of PhilID and PhilSys as sufficient proof of identity

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PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer

Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief

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BTI Payments Offers Innovative Self-Service Kiosks for Unbanked and Underserved

Self-service kiosks are a safer alternative, especially in today’s challenging times of COVID-19 because they are contactless. It provides a safer and more convenient way for people to meet their transactional requirements. For a country like the Philippines, where there

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