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Insolvent Wirecard to slash more than half its German staff

Agence France-Presse
Posted at Aug 26 01:38 AM

The news came as a Munich court opened insolvency proceedings over the company's assets.  Read more »

Local sellers bet on e-commerce as consumers shift to 'online first' in purchases

Jessica Fenol, ABS-CBN News
Updated as of Aug 13 01:38 PM

Small sellers can leverage the ease of use of the e-commerce platforms to start their pivot to the digital marketplace as global financial firm Visa and Shopee launch their partnership that aims to encourage local sellers to go online. Read more »

'Digital' Filipinos to stick with cashless payments, online shopping in new normal: Visa study

Jessica Fenol, ABS-CBN News
Posted at Jul 17 10:55 AM

Majority of Filipinos plan to keep on using digital payments and e-commerce even after the coronavirus pandemic is contained, a Visa study released Thursday showed.   Read more »

Germany vows to beef up finance watchdog after Wirecard drama

Agence France-Presse
Posted at Jul 06 08:12 AM

German Finance Minister Olaf Scholz said Sunday he wanted to overhaul the country's finance watchdog Bafin and give it more powers after a massive fraud scandal involving digital payments firm Wirecard. Read more »

Five things to know about the Wirecard scandal

Agence France-Presse
Posted at Jun 22 09:47 PM

Here are the most important facts about a scandal that is drawing comparisons with the collapse of US energy company Enron in the early 2000s over accounting fraud. Read more »

GCash transactions up 700 percent due to pandemic demand

ABS-CBN News
Posted at Jun 22 12:44 PM

ank cash-in including Instapay as well as online payments to Google, Apple, Lazada and other merchants ballooned by 700 percent in May compared to last year, GCash said in a statement. Read more »

SSS to members: Pay online to beat June 15 deadline

ABS-CBN News
Updated as of Jun 11 10:45 AM

The Social Security System on Thursday said the public should use online channels to pay their contributions and beat the June 15 deadline.   Read more »

Google, Gates Foundation join digital payments initiative

Agence France-Presse
Posted at May 07 06:43 AM

A new nonprofit charity unveiled plans Wednesday to promote digital payments for people outside the financial system, with support from Google and the Bill & Melinda Gates Foundation. Read more »

Bangko Sentral launches standardized QR, platform for digital payments

ABS-CBN News
Posted at Nov 20 06:45 PM

The EGov Pay will allow consumers to make financial transactions with government agencies electronically, while QR Ph will push for a QR code standard for all digital transactions in the country to be adopted by all financial technology firms as well as banks, the BSP said.  Read more »

Australia probes PayPal amid child abuse payment fears

Agence France-Presse
Updated as of Sep 25 02:43 PM

Australia's financial regulator on Tuesday ordered an investigation into global money transfer platform PayPal, amid concerns it may be being misused by sex offenders to buy child abuse material from Asia. Read more »

Fintech-friendly regulation seen as driver of financial inclusion

ABS-CBN News
Updated as of Mar 21 07:55 PM

Policies that encourage financial technology firms to thrive will help bring financial services to the margins, the head of a digital money services firm said Thursday. Read more »

PLDT invests in Multisys to boost digital initiatives

ABS-CBN News
Posted at Nov 08 02:51 PM

Its subsidiary, PLDT Global Investment Holdings Inc, will acquire 45.73 percent interest in Multisys in a deal expected to be completed by December. Read more »