Fintech Alliance.Ph

Philippines’ Salmon Group has raised US$100 million in funding through equity and bonds to strengthen its banking unit and expand lending, according to DealStreetAsia.The package includes US$60 million in equity and a US$40 million public bond under Salmon’s Nordic bond programme, priced at a 13.7% yield.

Spice Expeditions anchored the equity round, with Washington University Investment Management Company, Moore…

Ant International, International Finance Corp. (IFC), and GCash are developing a Sustainability Impact Scorecard. The GCash MSME sustainability scorecard will make it easier for micro, small, and medium enterprises (MSMEs) to track their environmental and social impact, easily adopt sustainability practices in business operations, and align with global standards.The scorecard aims to provide Filipino MSMEs…

Skyro has expanded its payment network through a partnership with ECPay, allowing customers to settle their loans using only their mobile numbers.The integration connects Skyro customers to ECPay’s network of over 462,000 over-the-counter locations, 90 digital touchpoints, and 16,000 kiosks across the country.

Borrowers can now process a Skyro payment via ECPay partners, which include digital…

For most people, payment systems remain invisible until something goes wrong.
Yet behind every digital transfer, securities settlement, and interbank payment sits a core infrastructure designed to move money safely and predictably.
In the Philippines, that infrastructure takes the form of the Real-Time Gross Settlement system, widely known as PhilPaSS, which now operates at a scale reflecting…

The Philippines has steadily grown into one of Southeast Asia’s more active crypto markets, shaped by a strong remittance culture and a population that has grown increasingly comfortable with digital finance.At the centre of it all sits the Bangko Sentral ng Pilipinas (BSP), which oversees cryptocurrency activity through its Virtual Asset Service Provider (VASP) framework.

Anyone…

The Bangko Sentral ng Pilipinas (BSP) and the Central Bank of the United Arab Emirates (CBUAE) have signed a memorandum of understanding to enable seamless Philippines-UAE cross-border payments.
The agreement aims to integrate the instant payment platforms of both countries, a development that BSP Governor Eli M. Remolona, Jr. noted will create better remittance channels for overseas Filipino workers.

Signed by…

At least 24 companies, including GCash, Visa, and Mastercard, have expressed interest in the Philippine Automated Fare Collection System concession.The Department of Transportation plans to bid out the project by the end of the year, as first reported by the Inquirer.

The proposed concession aims to unify fare collection across the national rail network. This infrastructure…

There has been a way, or there was one, to run a nationwide digital bank in the Philippines without actually being one.
But that will soon be over now as the Bangko Sentral ng Pilipinas is tweaking the rules that will directly affect how fintechs, digital lenders, and even some consumer platforms scale their banking services.

The crux of…

The Bangko Sentral ng Pilipinas (BSP) is proposing a new regulatory framework in the Philippines to offer more flexible repayment terms for salary-based personal loans.
The proposed initiative aims to alleviate the financial strain of debt servicing for borrowers across the country while maintaining prudent credit standards.

According to a recently released draft circular, the Philippine central bank plans to…