-
Jan 04 2021 
GCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020
Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year (YoY) growth. Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.
The app peaked at PHP 7.5…
-
Jan 04 2021 
Gov’t transactions via PayMaya platform soar
THE value of government transactions processed by digital payment company PayMaya Philippines, Inc. has increased by around 1,200% in December compared with the level in the same month of the previous year.
The company said in a statement on Monday that more than 60 national and local government agencies are using its payment platform for taxes…
-
Jan 04 2021 
IC approves P1.5- billion sale of PNB’s nonlife insurance arm to Alliedbankers
THE INSURANCE Commission (IC) has approved the P1.5-billion sale of Philippine National Bank’s (PNB) nonlife insurance arm PNB General Insurers Co., Inc. (PNBGen), which is part of the Lucio Tan group’s move to consolidate its businesses.
PNB said in a kling with the local bourse on Monday that the insurance regulator on Dec. 29 okayed Allied…
-
Jan 04 2021 
RCBC says clients prefer short-term investments
RIZAL COMMERCIAL Banking Corp. (RCBC) has seen stronger demand for short-term investment instruments as the market remains cautious amid continued uncertainty due to the coronavirus pandemic.
The bank’s unit investment trust fund clients have been opting togo for products with less volatility, including money market and short-term funds, RCBC Trust and Investments Group Head Robert B.…
