News

TransUnion anticipates continued momentum and growth in the consumer credit market in the Philippines. The company stated that a stable macroeconomic environment and strong household consumption support this outlook.

Easing inflation and increasing retail activity should create a more favourable environment for both lenders and borrowers. This particularly benefits those new to credit or underserved.

According to…

MoneyHero Limited has announced a partnership with Rizal Commercial Banking Corporation (RCBC) through RCBC’s card servicing entity, RCBC Bankard Services Corporation (RCBC Credit Cards).

The collaboration will see MoneyHero incorporate a range of credit cards by RCBC, including rewards, lifestyle, travel, and premium options, onto its digital platform. This integration aims to enable Filipinos to discover,…

Emilio B. Aquino’s seven-year tenure as Chairperson of the Securities and Exchange Commission (SEC) concludes on 5 June 2025.

Aquino, the first certified public accountant and lawyer to hold the SEC Chairperson role, emphasised the importance of upholding high standards of transparency and accountability in managing public funds.

Malacañang officially named prominent lawyer Francisco Edralin Lim as…

Digital payments in the Philippines are advancing with the introduction of Tap to Pay, a new contactless payment system. The system offers a convenient, quick, and secure transaction method for customers.

Developed through a collaboration between Singapore-based fintech firm Open Fabric and GCash, the NFC payments aim to modernise payment methods for Filipinos.

The collaboration has facilitated…

ADVANCE.CBP, a Special Accessing Entity (SAE) regulated by the Credit Information Corporation (CIC) in the Philippines, announced a new agreement with Korea Credit Bureau (KCB). KCB is a private credit bureau in South Korea, licensed by the Financial Services Commission (FSC).

The Memorandum of Understanding (MOU) was signed at the ADVANCE.CBP office. Ben Baltazar, President and…

Nearly three months after launching a promotional ₱10 transaction fee, Ayala-led Bank of the Philippine Islands (BPI) has decided to keep the lower fee as a permanent feature for interbank fund transfers (IBFT) carried out via InstaPay, due to strong customer demand.

The BPI has announced in a statement released on Monday, June 2, that the…

eTap Solutions has opened its first phygital outlet, the My eTap Store, in Makati City. Located at Unit D, L&M Bldg., Bautista corner Boyle St., Palanan, the store aims to combine digital payment convenience with an in-person experience.

The My eTap Store features self-service payment kiosks for e-wallet top-ups, bill payments, and access to government services.…

The Public Safety Savings and Loan Association, Inc. (PSSLAI) has entered into a partnership with technology provider Traxion Tech.

PSSLAI and Traxion Tech formalised the collaboration by signing a Memorandum of Agreement on May 7, 2025. It aims to relaunch PSSLAI’s digital platform, PSSLAI Bilis Online.

The new platform will function as a mobile banking application incorporating…

MANILA, Philippines — Digital consumer finance app BillEase has secured P5 billion in funding to expand its lending solutions aimed at boosting financial inclusion among Filipinos.

In a statement, BillEase said Security Bank Capital Investment Corp. has arranged a P5-billion maiden corporate notes facility. Of the amount, P1.5 billion is coming from parent firm…

ELECTRONIC WALLET operator GCash is planning to launch Shari’ah-compliant and crop insurance products in the coming months through its in-app marketplace GInsure.

“We pretty soon will be having a Shari’ah-compliant insurance product for our Muslim brothers and sisters. That one, we’re in talks with an insurance company already. We are also in talks with an insurance…