Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
BSP urges public to convert from magnetic stripe card to EMV chip card
Banks have recently been requesting customers to convert their existing debit cards into EMV chip cards. (Read more)
2017 holiday season saw marked rise in e-buying
More and more young Filipinos are embracing the digital age, according to latest data from tech company Voyager Innovations Inc., which recorded an almost threefold increase in unique online and cashless transactions during the last two months of 2017. (Read more)
Consumer lending to be banks’ new battleground
CONSUMER LENDING will serve as the main battleground for banks in the Philippines over the next few years, a central bank official said, depending on how fast and efficient players can adopt digital channels to enhance financial services. (Read more)
SEC probes offering of Calata-Led KROPS
The Securities and Exchange Commission is probing the ongoing initial coin offering (ICO) launched by Krops, an online marketplace for farm produce led by controversial businessman Joseph Calata. (Read more)
BSP issues new warning on virtual currencies
With increased interests in virtual currencies (VC) such as Bitcoin, the Bangko Sentral ng Pilipinas (BSP) reissued its earlier warning against the risks including money laundering and its pyramid-like marketing as an investment vehicle. (Read more)
