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BSP's digital dream: Electronic payments for sari-sari stores, tricycle drivers

ABS-CBN News
Updated as of May 07 10:52 AM

Part of the Bangko Sentral ng Pilipinas' digital transformation roadmap is to penetrate the micro level in terms of digital payments, Deputy Governor Mert Tangonan said Friday. Read more »

BIR to allow taxpayers to file 'anywhere' amid COVID-19 surge

ABS-CBN News
Posted at Mar 29 10:03 PM

The Bureau of Internal Revenue (BIR) on Monday said taxpayers can file returns and pay taxes outside the Revenue District Office where they are registered from March 22 to April 30.    Read more »

BIR says fewer tax collections last year, but more tax-paying businesses

ABS-CBN News
Posted at Jan 25 06:50 PM

The Bureau of Internal Revenue said Monday it collected P1.94 trillion taxes last year, 11.23 percent less than the P2.19 trillion in 2019 as taxpayers were unable to pay taxes amid the pandemic. 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 »

New on-demand delivery app Amigo goes online February

ABS-CBN News
Posted at Jan 21 12:39 PM

A new entrant on the on-demand delivery service, the Amigo app, will start servicing Filipinos in February. Read more »

GCash secures $175-million funding from New York-based investors

ABS-CBN News
Posted at Jan 08 03:28 PM

Mobile wallet GCash secured a $175-million investment from New York-based investors led by Bow Wave Capital Management, parent company Globe Fintech Innovations (Mynt) said Friday. Read more »

Birth, marriage certificates now payable through PayMaya

ABS-CBN News
Posted at Jan 07 05:18 PM

Civil registry documents such as birth, death and marriage certificates can now be paid via PayMaya QR. Read more »

Phoenix gas stations now offer RFID reloading

ABS-CBN News
Posted at Jan 06 10:14 AM

Phoenix Petroleum Philippines Inc said Wednesday their Phoenix gas stations are offering RFID reloading for motorists. Read more »

GCash says customer base hit 33 million last year from just 20 million in 2019

ABS-CBN News
Posted at Jan 05 03:49 PM

Mobile wallet and payments firm GCash on Tuesday said it exceeded its 2020 business targets, including hitting its P1 trillion transactions last year.  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 »

PayMaya launches ‘travel section’ for cashless purchases of beep load, QR tickets

ABS-CBN News
Updated as of Dec 02 09:24 PM

Travelers can now buy QR bus tickets, and load beep cards and RFIDs for travel with PayMaya app, as it added a new "Travel section" for commuters, it said on Wednesday. Read more »

Phoenix Petroleum says 200 retail stations offering 'contactless' payments

ABS-CBN News
Posted at Nov 19 01:58 PM

Phoenix Petroleum Philippines is now offering contactless payment options in all of its 200 gas stations nationwide as part of efforts to curb the spread of COVID-19, the firm said on Thursday.   Read more »

AgriNurture buys more time to acquire fintech firm Pay8 as 'due diligence' extended

ABS-CBN News
Posted at Nov 18 02:21 PM

AgriNurture, the listed agribusiness firm of businessman Antonio Tiu, said Wednesday it is extending the due diligence process in completing the acquisition of a majority stake in fintech firm Pay8 from HatchAsia Inc (HAI). 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 »

Grab laying off 360 workers as COVID-19 saps demand

ABS-CBN News
Posted at Jun 16 10:48 PM

Southeast Asian ride-hailing and payments firm Grab announced on Tuesday that is laying off 360 employees, or under 5 percent of its workforce as the COVID-19 crisis saps demand.  Read more »

Philippines' payment startup PayMongo secures Sillicon Valley funding

ABS-CBN News
Updated as of Oct 07 10:28 AM

Homegrown startup PayMongo on Monday said it secured a $2.7 million funding from Sillicon Valley investors to grow its business that makes receiving payments for businesses easier.  Read more »