Philippines

5 Fastest Growing Fintech in The Philippines According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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PayMaya’s Parent Company Secures US$ 120 Million from Tencent, IFC, KKR and PLDT

PLDT, a major telco player from the Philippines, KKR, a Global investment firm, Tencent, the China-based internet giant, and IFC, a member of the World Bank Group announced the signing of agreements which will see the parties commit up to

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Best Loan Apps in the Philippines in 2020

Lending money through the mobile application is one of the most popular ways to get cash. It is not surprising, because gadgets have become an integral attribute of modern life – they greatly simplify our everyday activities. What are the

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Philippines’ Financial Industry and NGO Groups Link For Faster COVID-19 Subsidy Delivery

Private companies join hands in support of the government’s social amelioration program to Filipinos severely affected by the COVID-19 enhanced community quarantine (ECQ) through the promotion of alternative encashment facilities nationwide. In an agreement signed today, an operational plan was

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Digital Banking Transactions Continue Surge In Philippines as Quarantine Enters Week 3

From the first three days of the enhanced community quarantine (ECQ), new enrolments in RCBC Online Banking continued to rise. The bank registered last Thursday, March 26, a new high of new enrolments in one day. The daily average of

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More Filipinos Turn to Digital Banking Amidst COVID-19 Lockdown

Rizal Commercial Banking Corp. (RCBC) logged a 259% increase on new sign-ups on its online banking service in the first three days of the implementation of the enhanced community quarantine (ECQ). Bank data show a daily average of 1,116 new

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Philippines’ Student Wins Finastra’s Global Hackathon with Their Agri-Fintech Solution

Finastra has crowned Team ‘WonderTech’ the grand prize winner of its largest-ever global fintech hackathon on its open development platform, FusionFabric.cloud. The Manila-based team was selected for the top honor for its ‘Agree Farm App’ from among five category winners

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Philippines’ Fintech Industry Group Drives Cashless Initiative Amidst COVID-19 Outbreak

Amidst the current contagion of potential pandemic proportions, the Philippines has reported a series of confirmed COVID-19 cases in the last four days. Given the high risk of local transmission, the Fintech Alliance.ph has heightened its awareness campaign on the

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Skype Co-Founder Bags US$ 20 Million to Push Fintech Lending in the Philippines

Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset investment firm. The facility, which

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Dubai-Based RAKBANK, BDO and Ripple Teams up for Remittance to the Philippines

Dubai-based bank RAKBANK recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in the Philippines. The Bank’s RAKMoneyTransfer (RMT) services will now enable customers to make instant, frictionless, and secure money

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