-
Oct 14 2020 PCCI proposes rent relief for MSME commercial tenants
A BUSINESS chamber is seeking rent relief for the smaller tenants of malls and commercial buildings, and proposed that they pay a percentage of sales until their businesses have recovered.
The Philippine Chamber of Commerce and Industry (PCCI) is appealing for relief for micro-, small-, and medium-sized enterprises (MSMEs), which it said are experiencing “insurmountable” financial…
-
Oct 14 2020 Digital transformation of MSMEs set to accelerate economic recovery
The digitalization of small and medium businesses (SMBs) in the Philippines could add between US$26 to US$28 billion (PHP 1.17 to PHP 1.36 trillion) to the country’s GDP by 2024 and contribute to economic recovery post-COVID-19, according to the 2020 Asia Pacific SMB Digital Maturity Study.
The study, commissioned by Cisco and conducted by International Data Corporation…
-
Oct 13 2020 Meet the 5 Startups Selected for ING and UNICEF’s Fintech for Impact Initiative
ING Bank and UN children’s agency UNICEF have launched an initiative in the Philippines called ‘Fintech for Impact’ to support startups developing digital solutions that aim to empower young people, children and families.
Five fintech startups will receive equity-free investments, as well as technical and business mentorship from UNICEF, ING, and other experts for one year.
Oyunsaikhan Dendevnorov
“In the…
-
Oct 12 2020 BSP Pushes for Financial Inclusion With Digital Payments Transformation Roadmap
The Monetary Board has approved the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap 2020-2023.
The roadmap charts BSP’s current initiatives and strategies in advancing an efficient, inclusive, safe and secure digital payments ecosystem. It has identified two key strategic objectives.
First, is the strengthening of customer preference for digital payments by converting 50% of the…
-
Oct 11 2020 Nine million to get National ID by Dec
The Philippine Statistics Authority (PSA) aims to preregister 9 million household heads by December to jumpstart the implementation of the National ID.
National Statistician and Civil Registrar General Claire Dennis S. Mapa said this preregistration stage or the “Step 1” of the National ID process will involve capturing the demographic information of these Filipinos and logging…
-
Oct 11 2020 Fintech Alliance Collaborates With Philippine Statistics Authority to Roll Out PhilSys ID
The National ID system or the Philippine Identification System ID (PhilSys ID) has launched virtually on October 9, 2020.
FintechAlliance.ph is a financial inclusion partner of PhilSys ID. The organisation is a coalition of strategic players in the digital finance space operating in the Philippines.
PhilSys ID was created under the Republic Act 1105 known as Philippine Identification…
-
Oct 08 2020 Online Kick Off Philsys Project Partners
Finally!
The much-awaited implementation of the national ID system or PhilSys is happening!
FintechAlliance.Ph is a dynamic financial inclusion partner of PhilSys.
This national ID is much needed now especially during this pandemic. Now, low-income families will have access to basic banking services, ensuring the accuracy and efficiency of the targeting and delivery of aid, and facilitating access…
-
Oct 04 2020 Lending App Venio Extends Its Reach Nationwide Across the Philippines
Venio, “nano-credit” lending app, has expanded its services nationwide across the Philippines on the back of metro launches across Mega Manila, Cebu and Davao.
Venio has also continued its local convenience store and merchant acquisitions into six new municipalities within the capital Metro Manila, bringing the app to full nationwide availability and increasing local neighbourhood store…
-
Sep 30 2020 BPI Family Savings Bank Optimistic Lending Activities Will Pick up Pace Post-ECQ
BPI Family Savings Bank is optimistic that its first variable amortisation loan programme called Step Up PayPlan will pick up pace, noting that lending activities have improved after the lockdown period.
In a virtual launch on Wednesday, BPI Family Bank President Ma. Cristina Go said lending activities were affected by the government’s implementation of the enhanced…
-
Sep 30 2020 These are the Major Banks Waiving Fees for PESONet, InstaPay Until Year’s End
A number of major banks have decided to extend the waiver for fund transfer fees for PESONet and InstaPay transactions until the end of this year instead of September 30, 2020 as scheduled previously.
PESONet and InstaPay are the two real-time electronic payments systems under the central bank’s National Retail Payment System (NRPS).
Utilisation of these systems…