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MARKET PARTICIPANTS will have new opportunities waiting  for them as the country’s Islamic banking industry continues to advance, according to the Philippine central bank.

“For non-Muslim investors, Islamic banking is available to those who want to diversify their portfolios,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno told an online news briefing on Wednesday.

The central…

RIZAL COMMERCIAL Banking Corp.’s (RCBC) virtual bank app Diskartech will soon allow users to apply for loans, according to a company official.

The loan feature would become available next month, with about 10 types of credit offerings, Angelito M. Villanueva, chief innovation and inclusion officer at the Philippine lender, told an online news briefing on Wednesday.

These…

AllHome Corp., the listed retail arm of the Villar Group, on Monday said it is strengthening its e-commerce platform, while offering flexible payment terms and other payment options to its customers.

The company that sells home and building materials said it will offer payment options, such as cash, debit card or credit card with zero percent…

Filipino financial technology startup NextPay has raised $125,000 from a backing round from Silicon Valley-based startup accelerator Y Combinator, allowing it to further expand its services that are tailored for the financially-underserved businesses in the Philippines.

NextPay Chief Executive Officer and Co-Founder Don Pansacola said this pre-seed investment makes NextPay one of the first five Filipino…

The Department of Trade and Industry (DTI) is targeting to launch a P250-million venture fund this year to finance the establishment and expansion of local startups.

The creation of the funding program is in line with the Innovative Startup Act, which was signed into law in 2019.

On Monday, the DTI, Department of Science and Technology (DOST)…