Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
Bitcoin too good to be true?
As of this writing, one bitcoin is already equivalent to $10,338. Late last year, it reached an all-time high of $19,783.06. Still, it was a meteoric rise from just $2.00 in December 2011. (Read more)
McDonald’s Philippines goes cashless with PayMaya
PLDT Incorporated unit PayMaya Philippines has partnered with Golden Arches Development Corporation (GADC), which holds the exclusive franchise of McDonald’s in the country, to step up the telcos’ battle on cashless payments. (Read more)
Banks fortify defenses as fraud attacks rise
Philippine banks are shifting to more secure chip-based cards and are looking at biometrics to increase their defenses as fraudsters step up attacks, an industry group said. (Read more)
FINTQ to enable Pinoys to deposit to bank accounts via sari-sari stores
FINTQnologies Corp. — the financial technology unit of Voyager Innovations Inc. — plans to tap the micro, small, and medium enterprises (MSMES) to act as cash agents for banks in the Philippines. (Read more)
Nessotech launches Togetech, Inc and Moneygment App
Nessotech – an IT firm and systems solutions provider engaged in software development with a decade of experience – has been serving companies such as banks and non-bank remittance firms applying for their technical accreditation with the Philippine Social Security System (SSS), Philippine Health Insurance System (Philhealth) and the Home Mutual Development Fund of the Philippines (Pag-ibig Fund), to enable collection of contribution and loan payments of OFWs, self-employed and voluntary members. (Read more)
