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News and Events

PH Retailers Can Now Accept Cashless Payments from Chinese Tourists Through WeChat Pay

The Chinese mobile payments platform partners with Asia United Bank to bring its services to the Philippines

Philippine commercial bank Asia United Bank (AUB) has signed a licensing agreement with Chinese technology giant Tencent to bring the latter’s mobile payments system WeChat Pay to the Philippines, allowing Chinese tourists to use the app in purchase items from Philippine stores ...

by Lorenzo Kyle Subido  | November 23, 2017 06:00:00
News and Events

After Warning Vs Cryptocurrencies for Years, Bangko Sentral Grants First-Ever E-Money License to a Bitcoin Startup

Policy turnaround reflects regulators view that virtual currencies can boost financial inclusion

Bitcoin-enabled fintech platform announced it has been granted an Electronic Money Issuer (EMI) license by the Bangko Sentral ng Pilipinas (BSP), making it the first blockchain startup in Asia to win such a license from monetary regulators, it said in a ...

by Elyssa Christine Lopez and Lorenzo Kyle Subido  | November 20, 2017 02:00:00
News and Events

How Do You Send Money Using Facebook Messenger?

And is it safe?

On September 22, Facebook Philippines, together with PayMaya and GCash, announced that Filipinos can now send money to friends, pay bills, and buy mobile load and data using Facebook messenger. These groups agree that this is a step towards financial inclusivity for financially ...

by Nicai de Guzman  | September 30, 2017 10:00:00
News and Events

Deposit Up to P1M With This E-Money Card

Unionbank’s EON is for people who want an account without physically having to go to the bank

Unlike many of its competitors, Unionbank of the Philippines’ (Unionbank) digital banking unit, EON, is not focusing on the unbanked as much as it wants to offer convenience to digital natives.“Digital banking is an experience enabled by technology. I’m trying to pattern ...

by Elyssa Christine Lopez  | September 23, 2017 10:00:00
News and Events

JG Summit-Backed Fintech Eyes Online Lending and Wealth Management for the Masses

Oriente-Express aims to boost credit for consumers and SMEs at ”?"attractive interest rates”

(From left) BJ Sebastian, JGSH Chief Strategist; Lance Gokongwei, JGSH President & COO; Geoffrey Prentice, co-founder of Oriente and Skype; and Pryncess Esguerra, JGSH Corporate HR Manager A unit of JG Summit Holdings Inc., one of the Philippines largest diversified conglomerates, has partnered with ...

by Lorenzo Kyle Subido  | August 01, 2017 06:00:00
News and Events

This Startup is Turning Sari-Sari Stores into Financial Service Providers

TrueMoney has over 5,000 centers that can process remittances and payments

TrueMoney can help turn sari-sari stores into financial service providersOne of the predictions of International Data Corp. (IDC), an international research firm, on future technological developments in the Philippines is the transformation of sari-sari stores into financial hubs.“By 2020, 30 percent of ...

by Lorenzo Kyle Subido  | July 20, 2017 10:00:00
News and Events

(WATCH) How to Access Quick Government Loans

With a new program, the DTI plans to disrupt ”?"5-6” and other usurious financing schemes

The Philippines has a large number of micro and small entrepreneurs with no access to bank financing. To raise money, they turn to usurious informal lenders, including “5-6” financiers who provide cash with minimum fuss but charge at least 20 percent interest ...

by Entrepreneur Staff  | June 22, 2017 02:00:00
Business Ideas

Looking for Affordable Tours? Try the Country’s Leading Pawnshop

Apart from lending and remitting money, M Lhuillier can also book your next vacation

 At four in the afternoon, the M Lhuillier branch along Nueve de Pebrero street in Mandaluyong City is a very busy place. There are women signing up forms for their remittances to the province. A tricycle driver is getting his watch appraised. ...

by Elyssa Christine Lopez  | June 20, 2017 04:00:00
News and Events

PH E-Money Transactions Soar Past Php1 Trillion in 2016

Electronic money use more than tripled from only Php348 Billion in 2013

If you are a regular user of mobile e-wallet apps such as PLDT’s Smart Money and Globe’s G-Cash to pay for goods and services, you’re part of the reason why the volume of electronic money transactions surged to Php1.1 trillion last year, ...

by Lorenzo Kyle Subido  | May 24, 2017 11:00:00
Business Ideas

This FinTech Startup Will Buy Your Invoices and Receivables

Acudeen is working to make your business' cash flow problems a thing of the past

Magellan Fetalino III founded Acudeen to address SMEs' cash flow woesIn 2015, Magellan Fetalino III faced a problem with their family business: They had so many receivables and they were often getting paid late.His family works with multinationals in the pharmaceutical sector. ...

by Nicai de Guzman  | May 10, 2017 10:00:00
News and Events

Lend to a billionaire and earn almost 6% p.a.

Edgar "Injap" Sia II's DoubleDragon is offering retail bonds paying above average deposit rates

It’s not every day that serious savers are given the opportunity to safely and legally earn more than the prevailing deposit rates by lending to a company run by the country's youngest dollar billionaire.Last November 29, Edgar “Injap” Sia II’s DoubleDragon Properties ...

by Entrepreneur Staff  | December 02, 2016 02:00:00
News and Events

(Infographic) How is the Country's Best-Managed Stock Fund Doing

Check out the past and current performance of the CFA's choice for the Philippines’ best-managed equity fund

Stock market investing is not for the faint-hearted. Just take a look at the price chart of Philequity Fund managed by veteran stock broker and fund manager Wilson Sy. Philequity was named the Best-Managed Equity Fund by the Chartered Financial Analysts (CFA) ...

by Entrepreneur Staff  | December 01, 2016 01:00:00