Fintech Alliance.Ph

Fintech Alliance.ph joins 25 members from the Philippine Business Groups (PBS) to organise a convocation in support of the government’s “Ambisyon Natin 2040” initiative amidst the COVID-19 pandemic. A manifesto of support will be presented via Zoom and Facebook live at 12 noon on November 5, 2020.

Fintech Alliance.ph is an industry interest group comprised of fintech…

Fintech Alliance.ph joins 25 Philippine Business Groups (PBS) in holding the Convocation for Shared Prosperity in support of the government’s agenda of shared prosperity embodied in “Ambisyon Natin 2040” amidst the COVID-19 pandemic.  A manifesto of support will be presented via Zoom and Facebook live at 12 noon on November 5, 2020. The event will…

Ninety-four percent of Filipino consumers expect companies to accelerate their digital initiatives, according to “State of the Connected Customer 2020,” a report by customer relationship management (CRM) firm Salesforce released on October 29. COVID-19 drove this increase, with 88% saying that the pandemic elevated their expectations of digital capabilities.

“Regardless of who they market, sell, or provide service…

THE CENTRAL BANK is backing legislative measures that seek to narrow the digital divide in the country to push financial inclusion in rural areas, said Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.

“We have a relatively high mobile phone and internet access penetration, but these digital assets are underutilized for financial transactions. In fact, seven  in…

PayMongo, a Manila-based online payment processing platform, announced its partnership with Vesta, a fintech focused on fraud detection for e-commerce payment solutions, to further enhance the company’s advanced fraud detection capabilities.

The partnership adds fraud assessment to protect customers’ accounts and enable real-time reporting for PayMongo’s merchants comprising mostly of small and medium Filipino enterprises.

PayMongo also…

THE Securities and Exchange Commission (SEC) is warning the public against an unregulated investment operator that claims to be endorsed by Finance Secretary Carlos G. Dominguez III and local celebrities.

In an advisory on its website, the SEC said a group named Bitcoin Digital, which runs its own website, does not have a regulatory license to…

THE Bangko Sentral ng Pilipinas (BSP) is evaluating a plan to provide financing to micro-, small-, and medium-sized enterprises (MSMEs) that belong to the supply chains of larger firms, easing their collateral requirements by leveraging the superior credit profiles of their major customers.

The supply chain financing (SCF) scheme will include overhauling regulations and establishing an…

Since the start of the year, both Android and iOS users have chosen GCash as their finance app of choice, according to data from App Annie, the leading mobile data and analytics company, which found GCash as the top downloaded finance app with the most number of active users.

For nine consecutive months since January, GCash…

MOST BANKS remained strict in their loan standards during the third quarter, with many expected to further tighten lending criteria in the fourth quarter as the pandemic drags on, according to a survey by the Bangko Sentral ng Pilipinas (BSP).

“Banks have continued to adopt stringent lending standards in part to avoid further escalation of nonperforming…

MANILA – Monetary officials have forecast inflation to dip to less than 2 percent in December 2020 and January 2021 but assured the public that this is not worrisome and will only be due to higher year-ago rates.

In a briefing streamed over the Bangko Sentral ng Pilipinas’ (BSP) Facebook page on Thursday, BSP Deputy Governor Francisco Dakila…