Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
25% of Filipinos Shift to Digital Payments
image credit: Manila by via Pixabay
The Philippines is well on its way to be a cashless nation, with 25 percent of consumers have indicated that traditional (physical credit card, bank transfer/Internet banking, cheque, etc.) and new payment methods are now their primary payment, survey said. (Read more)
Jack Ma: Filipino-Chinese Community to Invest, Turn PH into a Cashless Society
Chinese business magnate Jack Ma urged the Philippines to convert to a “cashless society,” saying that an old economy should not fear change. (Read more)
Fintech a ‘Minor’ Threat to Banks
image credit: BSP, via Pixabay
While many see financial technology (fintech) companies as major disruptors, Bank of the Philippine Island (BPI) president Cezar Consing sees things under the current Philippine financial setting otherwise. (Read more)
Cryptocurrency use in PHL triples
Image credit: Bitcoin, via Pixabay
The use of virtual money, known as cryptocurrency, in the Philippines has grown three times its size from when regulators first issued guidelines, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. (Read more)
Asiakredit Takes Consumer Lending Fully Digital In The Philippines
AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced the launch of pera247 in the Philippines, an innovative, data-driven consumer lending platform delivered through a mobile application. pera247 is a digital lending solution that aims to provide unsecured small-ticket, short-term consumer loans for up to 90 days to the country’s underbanked population with no existing credit or collateral history. (Read more)
