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Private hospitals, PhilHealth in talks to settle delayed payments

ABS-CBN News
Updated as of Nov 27 09:07 AM

A group of private hospitals said Friday they were experiencing slow release of COVID-19 reimbursements from the Philippine Health Insurance Corporation (PhilHealth). Read more »

Viber aiming to be super app, 'but not like WeChat or Facebook'

Art Fuentes, ABS-CBN News
Posted at Nov 26 08:48 AM

Messaging platform Rakuten Viber is aiming to become a “super app” with its move to fintech territory, the company’s CEO said on Wednesday, but not in the same way that WeChat dominates China or even how large Facebook has become. Read more »

San Miguel adding 100 RFID installation sites to serve more motorists

ABS-CBN News
Posted at Nov 20 05:30 PM

San Miguel Corp (SMC) said Friday it will add 100 sites for RFID installation to serve more motorists in time for the shift to a cashless toll system by Dec. 1. Read more »

AMLC flags surge in ‘suspicious transactions’ in e-payments amid pandemic

ABS-CBN News
Posted at Nov 20 02:24 PM

The Anti-Money Laundering Council (AMLC) on Friday flagged the surge of suspicious transactions amounting to P3.1 billion as more consumers shift to digital banking due to quarantine restrictions brought by the COVID-19 pandemic.   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 »

Wirecard's creditors claim at least 12.5 billion euros

Reuters
Posted at Nov 19 09:30 AM

Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday. 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 »

Pinoys increasingly preferring digital payments, says Paypal survey

ABS-CBN News
Posted at Nov 13 06:10 PM

The pandemic has sped up the adoption of digital payments in the Philippines, according to a recent survey by online payments service provider PayPal.  Read more »

Squidpay buys into Premiere Horizon Alliance for backdoor listing move

Nika Lazo, ABS-CBN News
Posted at Nov 11 08:16 PM

Squidpay, a contactless payment solutions provider, is acquiring 55 percent stake in Premiere Horizon Alliance Corp (PHA) -- to be used as vehicle for its prospective backdoor listing at the Philippine Stock Exchange (PSE). Read more »

DOF extends deadline for payment of local taxes, fees to Dec. 19

ABS-CBN News
Posted at Nov 09 11:32 AM

Tax payments are extended until December 19 this year for payment of local taxes, fees and charges imposed by local government units, the Finance department said on Monday. Read more »

DOTr urges operators to hike RFID installation areas as Dec. 1 deadline for cashless toll nears

ABS-CBN News
Posted at Nov 06 01:10 PM

The Department of Transportation urged toll operators to increase RFID sites and speed up sticker installation in vehicles as the December 1 cashless toll system deadline nears.  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 »

Ant Group to launch $35 billion IPO after final nod from China regulator

Colin Qian, Julie Zhu and Meg Shen, Reuters
Posted at Oct 22 01:23 PM

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Read more »

SSS extends contribution payment deadline to Nov. 30

ABS-CBN News
Posted at Oct 19 03:59 PM

The Social Security System said it has extended further the contribution payment deadline to Nov. 30 in consideration of those affected by the coronavirus pandemic. Read more »

Beep card operator installs e-loading devices at LRT-2 stations

ABS-CBN News
Posted at Oct 19 02:51 PM

The operator of the Beep cards contactless payments system has installed new devices called beep e-load stations, or Stored Value Updaters at all LRT-2 stations which will make loading Beep cards easier, the Light Rail Transit Authority said on Monday.  Read more »

NLEX upgrading facilities for RFID contactless payments by Nov.2

ABS-CBN News
Updated as of Oct 15 02:57 PM

The operator of the North Luzon Expressway on Thursday said it is upgrading its facilities to ensure the NLEX’s 100 percent compliance with the shift with RFID payments by Nov. 2.   Read more »

BSP sees current account surpluses in 2020, 2021

Enrico Dela Cruz and Karen Lema, Reuters
Posted at Oct 14 03:12 PM

The Philippine central bank said on Wednesday it has revised the 2020 balance of payment projections, with the current account now expected to yield a $6 billion surplus, taking into account the gradual recovery of a pandemic-ravaged economy. Read more »

Bangko Sentral unveils digital payments roadmap

ABS-CBN News
Posted at Oct 12 10:32 PM

The Bangko Sentral ng Pilipinas on Monday said it wants to raise the share of digital payments to 50 percent of all retail transactions and expand financial inclusion to 70 percent of Filipino adults by 2023. Read more »

DoTr may ilang paalala ukol sa mga nagastusang commuter cash cards

ABS-CBN News
Posted at Oct 10 07:52 PM

Ayon kay Transportation chief Arthur Tugade, nasa pagitan ng AF Payment at bus operators ang pagresolba rito dahil sila ang nagkontratahan tungkol sa babayarin. Read more »

'Remove fees' on card purchases except for fare load: LTFRB orders PUV, payment operators

ABS-CBN News
Updated as of Oct 07 03:58 PM

The Land Transportation Franchising and Regulatory Board on Wednesday issued a circular mandating PUV operators and automated fare collection system providers to "remove" charges for cashless cards except for fare or load. Read more »