Fintech News from the Philippines
Philippines
Brankas Scores Payment Licenses in the Philippines, Indonesia
Southeast Asian open finance platform Brankas announced that it has received payment licenses from Bank Indonesia (BI) and the Bangko Sentral ng Pilipinas (BSP). The firm managed to secure the Payment Service Provider (PJP) Category 3 license in Indonesia and
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CIMB Philippines Closes 2022 With Strong Performance in Deposits, Lending Portfolios
Digital banking services provider CIMB Bank Philippines has ended the year 2022 with a strong performance on both its deposits and lending portfolios. CIMB Bank PH reached its all-time high cash-in transaction value of PHP 128 billion in 2022, 68%
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Right Choice Capital Group Expands in Philippines; Acquires Local Rural Bank
Right Choice Capital Pte Ltd (Singapore) is continuing to execute its rapid business expansion strategy in the Philippines & Singapore markets with the addition of a licensed bank to its growing group of bank & financial services businesses. The company
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CIMB Philippines Partners SeaMoney to Onboard 2.5 Million BNPL Customers in 2023
CIMB Bank Philippines has partnered with Southeast Asia’s digital payments provider SeaMoney to onboard 2.5 million customers for its Buy Now, Pay Later (BNPL) platform SPayLater in 2023, doubling the 1.3 million users SPayLater currently has in the country. SPayLater
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Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity
Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central
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Vietnam and Philippines Lead The World in Retail Crypto Adoption
For the second consecutive year, Vietnamese consumers are being recognized as the biggest adopters of cryptocurrencies, recording the highest usage of crypto-related tools, products and services, compared to other nations. This is the finding of Chainalysis’ 2022 Global Crypto Adoption
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Call Centers in the Philippines: Support for Fintechs
Having seen explosive growth over the past twenty years from serving traditional product and service providers, call centers in the Philippines are finding that far from being a threat, the new wave of fintech is creating another surge in demand
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eKYC to Fuel Asia’s Digital Banking Revolution
In Southeast Asia, governments are pushing for greater adoption of digital financial services by introducing favorable regulations on digital onboarding, digital banking, and more, experts said on December 3, 2020. During a virtual panel discussion with Fintech News last week,
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Razer Fintech Shifts Digital Banking Focus to Malaysia and Philippines
The Monetary Authority of Singapore announced last week the 4 entities who were awarded digital banking license. Digital banking hopeful Razer Fintech was not among the list. Responding to the announcement from MAS, Razer Fintech CEO, Lee Li Meng said
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Digibank Aspirant Selects Mambu for to Build its Digital Bank UNO in Philippines
DigiBankASIA, a Singapore-headquartered fintech currently building its digital bank dubbed as UNO, has selected cloud banking platform Mambu for its technology platform. The company has selected Philippines for UNO’s pilot launch and they said that they are currently working with
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