Tag "remittances"
5 Ways Digital Finance in the Philippines is Flourishing Despite Hurdles
The digital finance landscape in the Philippines is undergoing a significant transformation, offering a plethora of opportunities for growth and innovation. The Bangko Sentral ng Pilipinas (BSP) is at the forefront of this change, embracing global central banking standards and
Read More
Philippines’ Outdated Outward Remittance Processes is Overdue for Revamp
As Asia’s third largest recipient of remittances, the Philippines relies heavily on money sent home by around 10 million Filipinos who live and work overseas. In 2019, personal remittances accounted for 9.3% of gross domestic product, according to Bangko Sentral
Read More
Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover
With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos are defining expectations, sending a total of US$2.78 billion worth of remittances back to the Philippines in July, representing a
Read More
ConsenSys Ventures Backs Philippine Crypto Trading Startup PDAX
Crypto-exchange platform Philippine Digital Asset Exchange (PDAX) has raised an undisclosed amount of investment made by ConsenSys Ventures, the venture capital arm of US-based blockchain software firm ConsenSys. Founded in 2017 by Nichel Gaba, Krystian Kucharzyk, and Yang Yang Zhang,
Read More