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Jan 05 2021 Digital citizenship launched thru Globe, NPC launch partnership
Given the heavy usage of the internet at home in the time of the pandemic, the National Privacy Commission (NPC) has launched a partnership with Globe to promote digital responsibility and data privacy among the Filipino youth. NPC’s program, “Kabataang Digital”, aims to provide age-appropriate support for children to help them understand the nature of…
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Jan 05 2021 BSP receives first application for a digital banking license
THE BANGKO SENTRAL ng Pilipinas (BSP) has received the first application for a digital banking license following the release of a framework for the sector in November.
“The application is a partnership of local and foreign players, ”BSP Deputy Governor Chuchi G. Fonacier said in a Viber message.
Aside from the first applicant, Ms. Fonacier said there are…
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Jan 04 2021 GCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020
Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year (YoY) growth. Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.
The app peaked at PHP 7.5…
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Jan 04 2021 Gov’t transactions via PayMaya platform soar
THE value of government transactions processed by digital payment company PayMaya Philippines, Inc. has increased by around 1,200% in December compared with the level in the same month of the previous year.
The company said in a statement on Monday that more than 60 national and local government agencies are using its payment platform for taxes…
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Jan 04 2021 IC approves P1.5- billion sale of PNB’s nonlife insurance arm to Alliedbankers
THE INSURANCE Commission (IC) has approved the P1.5-billion sale of Philippine National Bank’s (PNB) nonlife insurance arm PNB General Insurers Co., Inc. (PNBGen), which is part of the Lucio Tan group’s move to consolidate its businesses.
PNB said in a kling with the local bourse on Monday that the insurance regulator on Dec. 29 okayed Allied…
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Jan 04 2021 RCBC says clients prefer short-term investments
RIZAL COMMERCIAL Banking Corp. (RCBC) has seen stronger demand for short-term investment instruments as the market remains cautious amid continued uncertainty due to the coronavirus pandemic.
The bank’s unit investment trust fund clients have been opting togo for products with less volatility, including money market and short-term funds, RCBC Trust and Investments Group Head Robert B.…
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Jan 03 2021 PayMaya: More local firms tapping app for payments
The enterprise arm of financial technology (fintech) player PayMaya has enabled more businesses to accept and offer digital payments to their customers, helping merchants to digitalize their businesses amid the pandemic.
PayMaya President Shailesh Baidwan said his group has helped businesses of varying sizes to provide customers with digital payment options, as they have decided to…
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Dec 31 2020 PH economy to rebound in mid-2021 – BritCham
Following the new developments on the availability of vaccines for COVID-19, the British Chamber of Commerce Philippines sees an economic rebound for the Philippines.Speaking to THEPHILBZNEWS in the yearend hybrid media briefing, Mr. Chris Nelson, the Executive Chairman of the British Chamber of Commerce Philippine said, “While there may be inevitable challenges during the first…
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Dec 30 2020 2020: Fintech’s most challenging year
2020 is the most difficult year in our lifetime yet. Amidst the maelstrom of this health crisis, a new global order emerged.
The fintech industry found itself in the forefront as people navigate this new way of life. Industry players worked double time to thrive and survive. Primary is to ease the Filipinos’ quick migration and…
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Dec 29 2020 ‘HEART-ING’ Digital
Helen Yuchengco-Dee, once told me: “Even when the sea seems calm, wear a lifejacket.” This maxim has been at the core of RCBC’s dynamic business continuity plan. When news of the first Philippine COVID 19 case broke out, we immediately rolled the drawing board out. While hoping for the best, we prepared for the worst.…