Philippines
UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines
UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform. Amid a
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Philippines’ 7-Eleven to Deploy 300 ATMs By Next Year
Philippines’ 7-Eleven is eyeing to deploy 300 ATMs in Metro Manila by next year. In doing so they will be teaming up with Japan’s Seven Bank, who is currently operating a network of 18,000 ATMs across 7-Eleven’s in Japan through
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UnionBank to Launch a Blockhain Powered SME Financing Platform with OneConnect
OneConnect announced today, their partnership with Union Bank’s wholly-owned fintech subsidiary UBX to build what they claim to be the country’s first blockchain enabled platform geared towards meeting the banking needs of MSMEs in the Philippines. According to their press
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E-Wallet Use Overtakes Credit Cards in Philippines, According to Central Bank
Philippines’ central bank reported that e-wallet penetration is growing faster in the Philippines and has surpassed credit card numbers. Bangko Sentral ng Pilipinas (BSP) released this information in a financial inclusion dashboard, which states that e-money accounts rose by 22%
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Philippines’ Regulators Issues New Crowdfunding Rules
Philippines’ regulator, Securities and Exchange Commission (SEC) has released its rules and regulations on crowdfunding as its way of providing certainty in the market so that startups and SMEs can access funding, while the public is given more investment options.
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University of the Philippines Will Launch NFC-Powered ID Cards That Double as a Cashless Payment Card
Soon, students and employees in the University of the Philippines (UP) will say goodbye to the typical barcoded ID cards and instead be given ID cards with radio frequency identification (RFID)/near-field communication (NFC) capabilities. The University has signed a memorandum
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Mobile Wallet GCash Leads in Filipino Market
With more than 5 million downloads from Google Play, GCash is not only one of the Philippines most popular mobile banking apps, it is also one of the cheapest banking services providers, requiring no minimum maintaining balance compared to other
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15 New Philippine Fintech Startups to Watch out for in 2019
Financial technology continues to bring exciting times ahead in the Philippines with the ever-growing emergence of new fintech players that aim to cater to 69 per cent of its adult population that are still unbanked. A report released earlier this
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Philippine Based Crypto Startup PDAX Receives Funding Boost from BitMEX
Philippines Digital Asset Exchange (PDAX), a locally based cryptocurrency exchange platform recently received an undisclosed sum of funding from BitMEX Ventures. This news follows a recent investment by Consensys into PDAX. According to BitMEX co-founder and CEO Arthur Hayes, they
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Philippines’ Digital Lenders Pledge to Weed Out Predatory Behaviour
Members of the FinTech Alliance.ph have agreed to adopt a code of conduct for responsible online lending. This was after 48 online lenders have been cited for alleged unethical collection practices leading to data privacy violation. Over 400 harassment complaints
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