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Jun 28 2021 
Japanese bank Sumitomo Mitsui to get 4.99% stake in RCBC
RCBC says the investment of Sumitomo Mitsui Banking Corporation will be used to support asset growth and digital investments
Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire over 101 million common shares of Rizal Commercial Banking Corporation (RCBC), representing a 4.99% stake in the company.
In a stock exchange filing on Tuesday, June 29, the Yuchengco-led…
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Jun 28 2021 
Voyager raises $167 million as it plans to expand PayMaya services, open digital bank
VOYAGER INNOVATIONS raised $167 million (P8.15 billion) in funding for the expansion of its financial technology unit PayMaya Philippines, including the establishment of a digital bank.
Voyager’s main shareholder PLDT, Inc. told the stock exchange that it participated in the latest funding round for the technology company, alongside existing shareholders, private equity firm KKR & Co.…
