Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
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Here we go:
Qwikwire Claims Biggest Funding Round
Cross-border property solutions platform Qwikwire claims to have concluded its biggest funding round led by First Asia Venture Capital, and Cerebro Labs, but declined to give figures. (Read more)
The Philippines Sees Rising Startup Ecosystem: Study
The Philippines’ startup ecosystem is growing rapidly with more and more young professionals starting their own ventures. ( Read more)
Sweetbridge foresees Philippines thriving as a Digital Economy
Sweetbridge Inc, a blockchain movement in the US, is expecting the Philippines to become a successful digital economy.(Read more)
‘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. (Read more)
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.(Read more)
