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Apr 08 2024 Digital banks post significant deposit, loan growth in 2023
By: Philstar
Source: philstarIn a statement, the Digital Bank Association of the Philippines (DiBA PH) said the six digital banks operating in the country reported impressive growth last year, outperforming traditional banks in making financial services accessible among most Filipinos.
MANILA, Philippines…
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Apr 05 2024 CIMB boosts financial inclusion with Lazada
By: Philstar
Source: philstarMANILA, Philippines — Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months.
The partnership will allow…
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Apr 04 2024 BillEase Soars to New Heights in 2023 With US$ 57 Million Revenue, Outperforms Traditional Banks With 47% ROE
By: Indo-Asian News Service
Source: indo-asian news serviceSINGAPORE, April 3, 2024 /PRNewswire/ — BillEase, a leading consumer finance and buy now pay later app in the Philippines, announced exceptional growth in its preliminary unaudited financial report for 2023. The fintech company…
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Apr 02 2024 Landbank Looks to Boost Digital Services to Streamline Customer Experience
By: FintechNews
Source: fintechnewsS
tate-operated Land Bank of the Philippines (Landbank) is setting its sights on minimising traditional over-the-counter transactions by encouraging its customers to utilise its digital services.
Lynette Ortiz, President and CEO of Landbank, articulated the bank’s objective to usher clients…
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Apr 01 2024 Philippines’ SEC Moves to Block Binance Amid Licensing Concerns
By: FintechNews
Source: fintechnewsI
n a significant development, the Philippines’ Securities and Exchange Commission (SEC) has escalated its actions against the unlicensed operations of Binance, the globally renowned leading cryptocurrency exchange, until recently.
This move comes after the SEC’s decision, during their meeting…
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Mar 26 2024 Transactions via InstaPay, PESONET up at end-Feb
By: BusinessWorld
Source: businessworldTRANSACTIONS coursed through the InstaPay and PESONet payment gateways went up to P2.54 trillion as of end-February, Bangko Sentral ng Pilipinas (BSP) data showed.
The combined value of transactions done through the BSP’s automated clearing houses InstaPay and PESONet…
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Mar 25 2024 BPI to divest from GoTyme Bank
By: BusinessWorld
Source: businessworldBANK of the Philippine Islands (BPI) will divest from digital lender GoTyme Bank as it plans to sell all the shares it gained from its merger with Robinsons Bank Corp. (RBC).
The bank will sell 752,056,290 common shares in…
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Mar 21 2024 RCBC Announces Nationwide Expansion of ATM Go Network
By: FintechNews
Source: fintechnewsR
izal Commercial Banking Corporation (RCBC) has announced a significant expansion of its RCBC ATM Go network, reportedly establishing it as the Philippine bank with the broadest mobile point-of-service merchant network.
According to the bank, this expansion extends across all…
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Mar 19 2024 Digital payment solutions seen to boost small firms
By: BusinessWorld
Source: businessworldPAYMENT SOLUTIONS for small businesses must be geared towards digitalization to make their transition to cashless more seamless, according to Visa.
“For small businesses, getting paid and receiving money in a safe, secure way is extremely important to their…
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Mar 18 2024 Fintech Alliance.PH prepares for sustained industry growth in 2024
By: Malaya
Source: malayaFintech Alliance.PH, the Philippines’ leading fintech industry organization, builds on its previous year’s achievements by commemorating milestones and welcoming 20 new members during its inaugural General Membership Meeting held at Ascott BGC, Taguig City on February 16, 2024.
With…