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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 »

PayMaya expands cash-in touchpoints across Philippines

ABS-CBN News
Posted at Sep 13 02:21 PM

PLDT-backed fintech PayMaya said it has expanded its cash-in channels to over 90,000 touchpoints nationwide Read more »

Epic Games to appeal ruling in Apple case

Reuters
Posted at Sep 13 08:30 AM

'Fortnite' game maker Epic Games on Sunday said in a legal filing that it plans to appeal a ruling in its antitrust case against Apple Inc after a federal judge on Friday handed down a mixed decision. Read more »

PayPal buying Paidy, Japanse buy now pay later for $2.7-B

Agence France-Presse
Posted at Sep 08 01:26 PM

US online payment giant PayPal is set to buy the online Japanese credit specialist Paidy for $2.7 billion, the US company said in a statement. Read more »

Apple loosens App Store rules on content companies

Stephen Nellis, Reuters
Posted at Sep 02 09:42 AM

Apple will loosen App Store rules that have banned companies like Netflix Inc from giving customers a link to create a paid account to bypass Apple's in-app purchase commissions. 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 »

Telco shares surge anew, a stock market trades flat

ABS-CBN News
Posted at Aug 26 02:47 PM

Share prices of Globe Telecom and PLDT continued to rise sharply on Thursday, with DITO CME Holdings and Converge ICT also outperforming the market. Read more »

PhilHealth urged to withdraw circular on claims payment

ABS-CBN News
Posted at Aug 24 10:11 PM

PhilHealth is urged to withdraw an order which suspends payments to hospitals with allegedly questionable claims for COVID-19 treatments. Read more »

Hospitals threaten to 'disengage' from PhilHealth

ABS-CBN News
Updated as of Aug 24 08:00 AM

The Philippine state health insurer defended its temporary suspension of payments to health care providers with allegedly questionable claims. 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 »

Is your wallet ready for another ECQ?

Aneth Ng-Lim
Posted at Aug 09 03:20 PM

Is your wallet ready for another ECQ? I confess my wallet isn’t, even though I am assured of a salary for the next two weeks. Read more »

Philippines posts $312 million balance of payments deficit in June

ABS-CBN News
Posted at Jul 27 03:24 PM

The Philippines posted a $312 million balance of payments deficit at the end of June, the Bangko Sentral ng Pilipinas said on Tuesday.  Read more »

Amazon eyes cryptocurrency but not poised for Bitcoin

Agence France-Presse
Posted at Jul 27 08:47 AM

Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency.   Read more »

DTI, private sector: PH can be e-commerce leader in Southeast Asia

Jasmin Romero, ABS-CBN News
Posted at Jul 23 01:52 AM

MANILA - The government and the private sector believe the Philippines has a good chance of becoming an e-commerce leader in Southeast Asia.   Read more »

Smart partners with PayMaya for 'seamless payments' on telco's app

ABS-CBN News
Posted at Jul 21 09:49 PM

PLDT-Smart said its GigaLife app, which lets subscribers buy load, pay their phone bills and check on the telco’s promos, is now better integrated with Paymaya through the app’s GigaPay feature.  Read more »

Voyager secures $167-M for PayMaya foray into financial services, digital banking

ABS-CBN News
Updated as of Jun 28 07:50 PM

Voyager secured new investment from IFC Financial Institutions Growth Fund, which is part of the World Bank Group, PLDT said.  Read more »

TODA drivers, market vendors enable cashless transactions

GCash
Updated as of Jun 24 02:56 PM

GCash continues to deepen partnerships with the Bangko Sentral ng Pilipinas (BSP), public sector entities and community organizations to provide access to financial services like QR on Demand, for a convenient and cashless payment option. Read more »

PH gross reserves dip to $107.25 billion as country posts BOP deficit in May

ABS-CBN News
Updated as of Jun 23 06:06 PM

The Philippines' gross international reserves (GIR) dipped to $107.25 billion at the end of May as the country posted a balance of payments (BOP) deficit last month, the Bangko Sentral ng Pilipinas said on Wednesday.    Read more »

Marubeni to invest in Philippines e-money venture for seafarers

ABS-CBN News
Posted at Jun 22 01:59 PM

Major trading house Marubeni Corp. is acquiring a stake in an e-money platform joint venture for seafarers between shipping firm NYK Line and Philippine-based conglomerate Transnational Diversified Group. Read more »

Fintech may breed Philippines' next unicorn: analyst

ABS-CBN News
Posted at May 20 02:48 PM

In the Philippines, some fintech firms may be poised to achieve unicorn status, according to an analyst in Singapore. Read more »