Tag "PayMaya"

Philippines Social Security to Digitise Payments Using E-Wallets and Bank Transfers

The Philippines Social Security System (SSS) has started paying funeral benefit claims through the banks and other alternative payment channels as the pension fund shifts its transactions online. Effective 22nd June 2020, funeral benefits will no longer be released through

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Philippines’ Department of Agriculture Enlists PayMaya for Loan Disbursement

The Department of Agriculture’s has announced the use of PayMaya, a mobile wallet under the purview of PLDT, to disburse loans for their Kapital Access for Young Agripreneurs (KAYA) financing program through the “KAYA” cash card. The initiative was formally

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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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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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17 E-Wallets in The Philippines You Should Know

“A way to carry your money inside your cellphone”. This is perhaps the simplest meaning of an e-wallet as defined by Philippine-based mobile money service GCash. For the past few years, different companies such as telcos, banks, fintech startups, financial

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A Definitive Guide to Southeast Asia’s Payments Scene

In fintech’s genesis across Asia, it seemed like all of the new developments were focused on streamlining payments without coincidence, around the time that e-commerce experienced its boom too. Now, that trend seems to be making a grand return with

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Meet 15 Fintech Influencers in the Philippines

Perhaps  the usual impression of an influencer would mean a person that you can tap into or refer to for marketing purposes either to improve sales or help in educating and convincing target consumers or investors for your business. Indeed

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Philippines Mobile Payment Providers Go Into Acceleration Mode

Cashless and contactless transactions in the Philippines are definitely on the rise as mobile payment providers have gone into acceleration mode since October. They continue to tap giant retail groups engaged in various industries including neighborhood variety retail stores or

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Top 5 Fintech Philippines News of the Week (CW 8)

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:   Follow the Fintech Philippines Facebook or Twitter channel to stay updated. Here we go: Top 10 Digital Trends Impacting Philippines in 2018 and Beyond IDC Philippines announced its

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PH Remittance further widens Fintech Horizon

Once again, remittances from overseas Filipinos surpassed its year-on-year record, giving a wider horizon for financial technology (fintech). The Philippine central bank or Banko Sentral ng Pilipinas (BSP) announced last Thursday, February 15, that cash remittances of overseas Filipinos increased

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