Philippines
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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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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