Fintech News Philippines
Latest Fintech Philippines News
Stay updated with the latest stories in Fintech Philippines
SEC to Collaborate with DOF and ADB on Digitally Tracked Green Bonds Initiative
In a recent initiative to bolster the sustainable finance sector, the Securities and Exchange Commission (SEC), in collaboration with the
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Plug and Play Launches Startup Accelerator with DTI to Plug Local Innovation Gaps
Silicon Valley-based venture capital firm Plug and Play has collaborated with the Philippines’ Department of Trade and Industry to launch
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Salmon Group to Expand Rural Finance Services with US$7 Million IFC Investment
The International Finance Corporation (IFC) has announced an investment of US$7 million into Salmon Group Ltd., the major shareholder of
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PESONet and InstaPay Digital Transactions Surge in Q1 2024, Hitting P3.81 Trillion
In the first quarter of 2024, the combined transaction value of PESONet and InstaPay in the Philippines reached P3.81 trillion,
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RCBC DiskarTech, Pulz Apps Support Paper-Based PhilSys IDs for Account Openings
Rizal Commercial Banking Corporation (RCBC) and its Tagalog-English financial inclusion super app DiskarTech has recognised the legitimacy of paper-based PhilSys
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Higala Aims to Lower Costs to Broaden Digital Transaction Access for Rural Banks
In a bid to enhance financial inclusion, the newly launched instant payment platform Higala will look to increase the share
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BillEase Credit Facility Grows to US$40M with New Saison International Investment
Buy now, pay later (BNPL) BillEase has received a US$5 million capital injection from Saison Investment Management Private Limited (SIMPL),
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GoTyme On Track to Double User Base, Targets 10 Million Users in Four Years
GoTyme Bank Corp, backed by the Gokongwei group, is on track to surpass its initial five-year goal. by achieving a
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RCBC, Digital Wallet Corp. to Streamline Philippines-Japan Cross-Border Payments
In a move to streamline digital transactions between the Philippines and Japan, Rizal Commercial Banking Corporation (RCBC) has entered into
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Maya Bank Extends P2.75 Billion Loan Capital to Tala for Public Micro Lending
Tala Financing Philippines Inc. has formed a partnership with Maya Bank Inc. to enhance its micro-loans programme. Under this agreement,
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Flexible by Design: What Differentiates a Successful Payment Software Platform
In the ever-evolving landscape of payments, it is crucial to choose a payment platform from a vendor that can anticipate
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Pomelo Secures Major Series A Funding to Grow Credit-Based Remittance Services
Consumer credit-based cross border payments provider, Pomelo has recently announced a significant increase in funding, securing a Series A investment
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Philippines Digital Banks Attracted US$700 Million So Far as Investors Interest Peaks
In a promising development for the standalone digital banks in the Philippines, more than US$700 million has been invested by
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SEC Enlists Apple and Google to Ban Binance Apps in the Philippines
The Securities and Exchange Commission (SEC) of the Philippines has taken the unusual step of reaching out to tech giants
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Netbank Taps Intel-Soln. Philippines to Digitally Enhance Rural Financial Services
Netbank (A Rural Bank) Inc., a provider of financial services in rural regions, has announced a strategic partnership with Intel-Soln.
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GoTyme, TymeBank Group to Expand to Vietnam and Indonesia This Year
TymeBank is gearing up to extend its footprint further into Southeast Asia with planned launches in Vietnam and Indonesia, following
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UnionBank Investment Management and Trust Corp. Diversifies into Retail Sector
UnionBank Investment Management and Trust Corporation (UBIMTC), the standalone trust corporation of Union Bank of the Philippines, Inc., is set
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BSP Cancels Nikko Mart Registration Amid Oversight on Money Service Businesses
The Bangko Sentral ng Pilipinas (BSP) has recently revoked the registration of Nikko Mart, a money changer and foreign exchange
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GoTyme Counters Claims of Substantial Losses, Cites Growth and Adoption Metrics
In response to a report published by an online news portal claiming GoTyme Bank faced considerable losses in 2023, the
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Security Bank Predicts Profit Growth; 4 New Banking Apps to Launch in 2024
Security Bank Corp. is poised for an uplift in profitability in the coming year, buoyed by robust growth in its
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SEC Flags eToro as Unauthorised for Investment Offerings in the Philippines
The Securities and Exchange Commission (SEC) of the Philippines has issued a warning to the public regarding eToro, an online
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UnionDigital Bank to Grow Loan Portfolio to ₱40 Billion, Introduce Virtual Cards
UnionDigital Bank, Inc., the digital banking division of Union Bank of the Philippines, aims to elevate its loan portfolio to
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GCash Lending Unit Fuse Reaches Landmark P118 Billion Loan Disbursements
Fuse Lending, Inc., the lending division of GCash, has just reached a sizable milestone by disbursing loans exceeding P118 billion
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RCBC ATM Go Expands Access with QR-based Cardless Cash Withdrawals
The Rizal Commercial Banking Corporation (RCBC) has recently launched a QR-based cardless withdrawal facility as part of its RCBC ATM
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BNPL BillEase Reports Double Revenue, Loan Disbursement Growth in 2023
BillEase, a consumer finance and buy now, pay later application operating in the Philippines, has released its preliminary unaudited financial
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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
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Nearly a Quarter of All VC Funding in the Philippines Goes to Fintech
In 2023, the Philippines showcased its resilience despite macroeconomic headwinds that challenged the international venture capital (VC) scene. New data
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Singlife Philippines Secures US$10.65 Million Funding to Push Digital Insurance
Singlife Philippines has recently enhanced its financial reserves through a P600 million (approximately funding from its principal backer, Singapore Life
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PDAX Steels Itself for Impact of Bitcoin Halving on Cryptocurrency Landscape
In a recent address at the “What’s Halvening? Token Tales and Toasts” gathering in Rockwell, Makati City, PDAX CEO Nichel
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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
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Fintech Philippines Report 2022 Highlights the Rise of Crypto and Advent of Digibanks
In the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalization, a favorable regulatory landscape,
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Top 5 Most Well-Funded Fintech Companies in the Philippines
In 2021, the Philippines’ fintech sector gained significant traction amid rapid adoption of digital financial services. This was supported by
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Top Fintech Influencers in The Philippines
Esquire magazine has released its selection of the top fintech influencers in the Philippines, recognizing the men and women shaking
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