Fintech Alliance.Ph

The Philippines is home to a striving fintech industry comprising more than 190 ventures operating in lending, payments, credit scoring, and more and the top funded fintech startups in the Philippines gives us a sense of what investors and startups believe to the biggest opportunities within the ecosystem.

As the momentum continues, we look today at some of…

The Next Normal will no doubt require a radical rethinking of how we approach interactions services, including how we make and receive payments. Digital payment systems offer the best approach for streamlining financial transactions, and will make it easier for us to keep a safe distance from others.

In the World Bank’s 2020 Philippines Digital Economy…

THE CENTRAL BANK’S financial inclusion and digitalization goals are likely to be met within the term of Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno as more Filipinos shift to online transactions amid the coronavirus pandemic.

“Our goal is that at least 70% of Filipino adults should have a bank account by 2023. But with…

The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.

December is a seasonally strong month for the peso, with the currency gaining in the period…

A bank executive said the Philippine economy can rely on the fundamentally-strong financial sector to remain on track as it clambers from recession.

Security Bank Treasurer Raul Martin A. Pedro said in a webinar on Thursday that the banking sector has maintained a robust capitalization even before the lockdown measures against the pandemic pushed the economy…

​The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications.  A digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with no physical branches. This is…

THE CENTRAL BANK has room to remain accommodative if there is further need to support the economy towards recovery, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. said.

“For the foreseeable future, while there’s this impact of the pandemic that’s dampening of economic activity, then you can expect that the policy stance will…

THE Bangko Sentral ng Pilipinas (BSP) on Thursday announced that it has approved the Philippines’s digital banking framework.

The framework aims to recognize digital banks as a new bank category separate and distinct from the existing bank classifications.

Digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a…

The Philippine monetary authorities’ bid to increase digital payments’ share to at least half of total retail transactions by 2023 got another boost after the policy-making Monetary Board (MB) recognized digital bank as another bank classification.

In a press release Thursday, the central bank said the MB has approved the recognition of digital bank as separate…

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