financial-technology | ABS-CBN News

Alibaba Cloud, Fintech Alliance.ph launch sandbox program to boost digital finance

ABS-CBN News
Posted at Feb 02 12:45 PM

Alibaba Cloud said it is working with the Fintech Alliance.ph to launch a sandbox program to support the growth of digital finance in the Philippines. Read more »

Foreign chambers urged to invest in PH digital finance

ABS-CBN News
Posted at Dec 27 01:25 PM

The Bangko Sentral ng Pilipinas urged foreign investors to bring advanced technology into the local financial ecosystem. Read more »

BIR to strengthen fintech tax regulations

ABS-CBN News
Posted at Nov 12 05:22 PM

The Bureau of Internal Revenue will strengthen tax regulations for the financial technology industry as online transactions continue to gain traction during the COVID-19 pandemic, the Finance Department said Friday. Read more »

Crypto market value tops $3 trillion for first time

Agence France-Presse
Posted at Nov 08 09:26 PM

The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday. Read more »

PayMaya gets digital bank license from Bangko Sentral

ABS-CBN News
Posted at Sep 20 01:24 PM

PayMaya has secured a digital bank license from the Bangko Sentral ng Pilipinas, PLDT said on Monday. Read more »

Fintech NextPay targets P1 billion annual transactions

ABS-CBN News
Updated as of Aug 30 11:34 AM

Philippine fintech startup NextPay said it aims to grow its transaction volume to over P1 billion annually over the next 2 years. Read more »

Women taking lead in Asia Pacific, PH fintech sector

Bruce Rodriguez, ABS-CBN News
Posted at Aug 24 10:51 PM

Women leaders across the Asia-Pacific are taking the lead in the fields of technology and finance. Read more »

GCash says transactions hit P300 billion a month

ABS-CBN News
Posted at Aug 18 03:30 PM

GCash said it now processes around P300 billion in monthly transactions as registered users of the app reached around 46 million as of end-July. Read more »

Gokongwei-backed digital bank gets BSP license

ABS-CBN News
Posted at Aug 16 09:51 PM

GOtyme, a digital bank backed by the Gokongwei Group, has secured its license to operate from the Bangko Sentral ng Pilipinas, the company announced on Monday. Read more »

GCash in no hurry for IPO, eyes more growth

Art Fuentes and Bruce Rodriguez, ABS-CBN News
Updated as of Aug 10 02:46 AM

Mynt, the operator of GCash, has no problems with fundraising and doesn’t “need to go public right now,” said the head of its parent firm. Read more »

PayMaya says users doubled to 38 million in 1.5 years

ABS-CBN News
Posted at Jul 06 07:08 PM

PayMaya doubled its users in the past 18 months to 38 million as it continues to expand its partnership with various government agencies and businesses, the company said on Tuesday. Read more »

SG payments firm eyes tie-up with Greenergy for PH venture into 'virtual credit cards,' remittances

ABS-CBN News
Updated as of Feb 18 09:49 PM

MANILA (UPDATED) - Singaporean payments firm Aleta Planet is eyeing a partnership with Greenergy Holdings Inc of businessman Antonio Tiu to venture into "virtual credit cards" in the Philippines and cross-border money remittances. Read more »

Antonio Tiu's Greenergy beefs up Makati subway project

Nika Lazo, ABS-CBN News
Posted at Feb 05 04:52 PM

Businessman Antonio Tiu said his firm Greenergy Holdings is in the "advanced stage" of entering into a joint venture (JV) with an Asian firm -- both aiming to improve connectivity and develop communities surrounding the $3.7-billion Makati City subway. Read more »

Bayad says PH payments remain soft but poised to recover

ABS-CBN News
Posted at Jan 22 01:30 PM

Formerly known as Bayad Center, biller aggregator Bayad said Friday that payments in the country is poised to recover despite being stalled by limited income and extended payment periods from billers. Read more »

Bayad Center relaunches as 'Bayad', expands into online payments, mobile app

Nika Lazo, ABS-CBN News
Posted at Jan 21 03:43 PM

Formerly known as Bayad Center, payments firm Bayad is announced Thursday it is expanding its services through its newly launched online payments platform and mobile app. Read more »

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 »

GCash says hits P1-T worth of transactions as pandemic pushes e-payments

ABS-CBN News
Updated as of Dec 08 08:20 PM

Martha Sazon, President and CEO of Mynt, which operates GCash, said GCash transactions this year have already surpassed the cumulative number of payments done through its system from 2017 to 2019. Read more »

BSP recognizes 'digital bank' as new bank category

ABS-CBN News
Posted at Nov 27 01:09 AM

The Bangko Sentral ng Pilipinas' (BSP) Monetary Board has officially recognized "digital bank" as a new bank category, in line with its Digital Payments Transformation Roadmap which seeks to streamline financial technology in the country.   Read more »

PH to showcase fintech strategies at big-name world event in December

ABS-CBN News
Posted at Nov 22 06:00 AM

The virtual event is set on December 7 to 11, and will feature talks from technology innovators Bill Gates, Google CEO Sundar Pichai, and Microsoft CEO Satya Nadella, organizers said. Read more »

Paymongo taps Singapore-based Vesta to protect online payments from fraud, risk

ABS-CBN News
Posted at Nov 04 08:58 AM

Online payments platform Paymongo engaged Singapore-based Vesta to strengthen the security of its online payments system, the firms said in a joint statement. Read more »