Posts From Fintechnews Philippines

Philippines’ Regulators Issues New Crowdfunding Rules

Philippines’ regulator, Securities and Exchange Commission (SEC) has released its rules and regulations on crowdfunding as its way of providing certainty in the market so that startups and SMEs can access funding, while the public is given more investment options.

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University of the Philippines Will Launch NFC-Powered ID Cards That Double as a Cashless Payment Card

Soon, students and employees in the University of the Philippines (UP) will say goodbye to the typical barcoded ID cards and instead be given ID cards with radio frequency identification (RFID)/near-field communication (NFC) capabilities. The University has signed a memorandum

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Mobile Wallet GCash Leads in Filipino Market

With more than 5 million downloads from Google Play, GCash is not only one of the Philippines most popular mobile banking apps, it is also one of the cheapest banking services providers, requiring no minimum maintaining balance compared to other

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15 New Philippine Fintech Startups to Watch out for in 2019

Financial technology continues to bring exciting times ahead in the Philippines with the ever-growing emergence of new fintech players that aim to cater to 69 per cent of its adult population that are still unbanked. A report released earlier this

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Philippines’ Digital Lenders Pledge to Weed Out Predatory Behaviour

Members of the FinTech Alliance.ph have agreed to adopt a code of conduct for responsible online lending. This was after 48 online lenders have been cited for alleged unethical collection practices leading to data privacy violation. Over 400 harassment complaints

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RCBC Waiting on Regulator Approval for Its Stablecoin on IBM’s Blockchain

RCBC Bank is currently awaiting regulatory approval to issue its own Philippine Peso-backed cryptocurrency on the newly announced IBM Blockchain World Wire, a real-time global payments network created for regulated financial institutions. RCBC Bank sees this as an opportunity to

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RCBC Bank Pulls a Philippine Fintech Thought Leader to Chair Their Innovation Office

The song and dance for incumbents in Philippines right now is “future-proofing”. Joining the trend of entrenched establishments disrupting themselves before they are disrupted, the Rizal Commercial Banking Corporation (RCBC) appoints Lito Villanueva as Executive Vice President and Chief Innovation

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The First Stablecoin Pegged to the Philippine Peso is Launched to Facilitate Money Transfers

Bitspark, a bankless money transfer platform, has just launched what it claims to be the first market-ready cryptocurrency pegged to the Philippine Peso (PHP)—named the peg.PHP Based in Hong Kong, the blockchain-enabled company made the revelation today, following its recent

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Fintech Set to Enter a New Phase in the Philippines

Strong fundamentals, a supportive regulator and a comprehensive cell phone coverage, are some of favorable attributes of the Philippine market set to drive the digital transformation of the country’s financial sector, according to a report released earlier this month by

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UnionBank Sets Up Bitcoin ATM in Manila

Bitcoin machines are on the rise worldwide. Currently, these devices are in 76 countries and now the Philippines have been added to the list. In the capital Manila, the first Bitcoin ATM was set up by UnionBank and Philippine’s central

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