Philippines

Grab Launches a Fully Digital GrabPay Card in Philippines

Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience

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RCBC Expands Its Payout Network to Include Those Without Mobile Phones in Rural Areas

Rizal Commercial Banking Corporation (RCBC) said that it is closer to its target of covering all provinces of the country with handheld automated teller machines (ATM) as the bank beefs up the payout partner network through its ATM Go service.

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Philippines Central Bank Governor Says 50% of Payment Transactions Will Be Digital by 2023

At least half of retail payment transactions will be shifted to digital in three years. This according to Bangko Sentral ng Pilipinas Governor Benjamin Diokno in a digital forum hosted today by the Fintech Alliance.ph. Along with this commitment, Diokno

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Top 7 Fintech Startups in the Philippines for 2020

Last year, Manila was named one of the world’s friendliest cities in the world for fintech startups, and was recognized for its strong English-language skills and well-established outsourcing industries. Fintech companies already compose 15% of Manila’s startups, according to Startup

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Philippines’ RCBC is Thriving Despite COVID-19 Pandemic

Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is reporting record-highs in digital growth amid the pandemic and Philippines’ enhanced community quarantine (ECQ). The bank is seeing triple-digit growth of up to 821% in key metrics of RCBC’s online and mobile facilities

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BSP Monetary Board Grants RCBC Approval Distribute COVID-19 Relief Fund

The Bangko Sentral ng Pilipinas (BSP) granted authority to Rizal Commercial Banking Corp. (RCBC) to accept government funds to assist the social amelioration program under the Bayanihan to Heal as One Act. RCBC is the first private universal bank permitted

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COVID-19: UnionBank’s Platform Accelerates Online Donations for Philippine NGOs

Union Bank of the Philippines through its UShare platform, is enabling non-government organizations (NGOs) in the country digitize with some recording up to 30-fold increase in daily online donations after an Enhanced Community Quarantine was imposed on March 17. With

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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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