Philippines

‘Sachet culture’, mobile phones, favor PH fintech growth

The widespread use of mobile phones and the “tingi” or sachet culture in the Philippine retail market provides a fertile environment for financial technology companies, according to Anthony Thomas, president of Mynt, a unit of Globe Telecom. “Filipinos like transacting

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BSP: Branchless banking app usage needs special license

Banks seeking to use a mobile app that promises to enable them to expand their businesses without building any physical branches, are required by the Bangko Sentral ng Pilipinas (BSP) to obtain a special license, the BusinessMirror reported. The app’s

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The Philippines Sees Rising Startup Ecosystem: Study

The Philippines’ startup ecosystem is growing rapidly with more and more young professionals starting their own ventures. According to a study by QBO Innovation Hub and PwC Philippines, there are now more than 300 startups in the country, most of

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ICO in Philippines Gaining Ground in Fintech Regulation

Developments about fintech regulations in the Philippines seem to be working to the advantage of fintech companies who do ICOs. Unlike in China where ICOs were banned in the country’s capital markets last year, the conduct of ICO in the

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Top 5 Fintech Philippines News of the Week (CW 8)

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:   Follow the Fintech Philippines Facebook or Twitter channel to stay updated. Here we go: Top 10 Digital Trends Impacting Philippines in 2018 and Beyond IDC Philippines announced its

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Top 10 Digital Trends Impacting Philippines in 2018 and Beyond

IDC Philippines announced its top 10 predictions for the Philippine ICT industry for 2018 and beyond. This year’s predictions highlighted the maturity and growth of the Philippines’ digital economy as many local organizations are accustomed to leveraging strong digital innovation

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PH Remittance further widens Fintech Horizon

Once again, remittances from overseas Filipinos surpassed its year-on-year record, giving a wider horizon for financial technology (fintech). The Philippine central bank or Banko Sentral ng Pilipinas (BSP) announced last Thursday, February 15, that cash remittances of overseas Filipinos increased

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Top 5 Fintech Philippines News of the Week (CW 7)

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Follow the Fintech Philippines Facebook or Twitter channel to stay updated. Here we go:   UnionBank embraces tech behind bitcoin in digital pivot If a

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8 Fintech Startups In The Philippines To Keep An Eye On This Year

The Philippines is believed to be an attractive market for the introduction of digital banking and fintech solutions, thanks to its young population, high Internet penetration rate, and yet low digital payments adoption. Numerous fintech players have entered the market

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Blockchain Startups Growing in Philippines

A “new mode of collaboration” or “new business collaboration tool“. These are probably the most generic definitions given to blockchain, the technology behind the first decentralized cryptocurrency Bitcoin. Thanks to Harvard Business Review, and Computerworld for putting it into layman’s

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