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Pacquiao to roll out payment platform 'PacPay' in 2021

ABS-CBN News
Updated as of Dec 13 09:50 PM

Boxing superstar and Senator Manny Pacquiao is setting up a new digital venture which he says will help overseas Filipino workers with their financial transactions. Read more »

What is Jack Ma’s Ant Group and how does it make money?

Alison Tudor-Ackroyd and Chad Bray, South China Morning Post
Updated as of Oct 28 05:39 PM

China’s digital payments transaction volume is expected to increase to US$61 trillion by 2025. Consumers and small businesses’ credit balance in China could swell to US$7.45 trillion by 2025. Ant has only tapped 4 percent of this market so far. Read more »

US central bank unveils alternative to Facebook's Libra

Agence France-Presse
Posted at Aug 07 09:19 AM

Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of its own instant payments system. Read more »

Cebuana Lhuillier offers web and app-based remittance service

ABS-CBN News
Updated as of Jul 13 11:27 AM

Cebuana Lhuillier on Thursday said it has launched a new service that allows clients to send money using its website and its app as financial transactions shift to digital amid the COVID-19 pandemic.  Read more »

Citi offers new cashless option with PayAll

ABS-CBN News
Updated as of Feb 18 05:33 PM

Citi customers can pay for rent, professional fees, tuition and membership dues as well as select insurance payments with their credit cards by tapping Citi PayAll in the bank's mobile app, Citi Philippines banking head Manoj Varma said.   Read more »

Chinese tourists driving WeChat Pay, Alipay growth in Philippines

Michelle Ong, ABS-CBN News
Updated as of Sep 26 04:56 PM

Chinese tourists are helping drive the growth of cashless payments using Tencent's WeChat in the Philippines, according to its Filipino partner, Asia United Bank. Read more »