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News and Events

Fintech Startup Rivals Banks' Reach in Bringing Remittances to Remote PH Communities

With 14,000 partners, TrueMoney has the potential to vastly expand payments networks in the country

When WorldRemit, a global digital money transfer service, signed a deal with Southeast Asia-based fintech startup TrueMoney to deliver remittances from overseas Filipinos to family members in the Philippines, it looked like it was simply adding another distribution channel.But with 14,000 TrueMoney ...

by Elyssa Christine Lopez  | August 02, 2018 09:00:00
Startup Tips

Financial Adviser: 5 Business Lessons Every Startup Can Learn from Coins.ph Founder Ron Hose

Coins.ph is the largest blockchain-enabled financial services platform in the country today

Ron Hose is not your typical serial entrepreneur. He does only one thing at a time. When he puts up a startup, he focuses on growing the business as big as he can before he cashes in and moves to another venture.Right ...

by Henry Ong  | July 31, 2018 09:00:00
News and Events

How Fintech Turned 1,800 Micro Businesses into Financial Agents, Boosting Their Income by Up to 30%

Grameen Foundation’s CAN program aims to promote financial inclusion within low-income communities

Panelists at the launch of the Grameen Foundation's CAN program’s insights report last April 12According to the latest report on financial inclusion by the Bangko Sentral ng Pilipinas (BSP), 571 local government units (LGUs) were considered “unbanked” or lack any form of ...

by Lorenzo Kyle Subido  | April 24, 2018 09:00:00
News and Events

5 Big PH Businesses and Organizations Getting Into Blockchain Technology

Exciting developments discussed during the Enderun Fintech & Blockchain Innovation Summit

The Enderun Fintech & Blockchain Innovation Summit, held last March 21 and 22, featured local and international experts from the financial services and fintech industries“Before the end of the year, at least 20 million Filipinos will experience native blockchain technology.”So claimed Winston Damarillo, ...

by Lorenzo Kyle Subido  | April 14, 2018 09:00:00
News and Events

You Can Now Reload Your Beep Card by Tapping It On Your Phone

AF Payments is partnering with Coins.ph to allow for easier top-up of the beep card

AF Payments Inc., a joint venture between Philippine conglomerates Ayala Corp. and Metro Pacific Investments Corp., has announced a partnership with fintech startup Coins.ph that allows users to top up their beep cards using only their phones.Using a new feature in the ...

by Lorenzo Kyle Subido  | March 21, 2018 09:00:00
Business Ideas

Dragonpay: How an Early Fintech Startup Introduced Digital Payments in a Country Fond of Cash

The founder of one of PH's earliest financial startups shares his thoughts on where the industry is heading

If you’ve recently applied for a clearance from the National Bureau of Investigation (NBI) online, there’s a big chance your payment for the transaction went through Dragonpay’s platform without your knowing it.Dragonpay doesn’t appear among the payment options, which include only banks ...

by Lorenzo Kyle Subido  | February 20, 2018 02:00:00
News and Events

How GCash and PayMaya are Trying to Wean Pinoys from Cash and Shift to Digital Payments

The two telco-backed e-wallet platforms turned to key partners to make big strides in 2017

“Philippines—I think you have the opportunity to make the world’s best fintech, because you have so many mobile phones, more than 7,000 islands. We should make Philippines a cashless society. When you have a cashless society, [there is] no corruption. Life is ...

by Lorenzo Kyle Subido  | January 02, 2018 09:00:00
News and Events

How Do Henry Sy, John Gokongwei Jr. and Lucio Tan Compare with Other Rich Listers in the ASEAN?

The PH tycoons would still be part of the region’s 50 wealthiest but with different rankings

Over the course of the year, Forbes Asia, the regional edition of the US business magazine, comes out with a list of 50 richest people of the different countries in Asia.In late November, the magazine published online the list of Indonesia’s 50 ...

by Lorenzo Kyle Subido  | December 10, 2017 09:00:00
News and Events

Guess How Many in the Philippines are Using Bitcoin and Other Cryptocurrencies?

PH is second only to Indonesia in virtual currency adoption among five developing ASEAN countries

Compared to its Southeast Asian neighbors, the Philippines has been relatively more open to using Bitcoin and other cryptocurrencies, according to a report in FT.com, the Financial Times newspaper’s online site.In an article published last December 6 titled “Southeast Asia ready to ...

by Lorenzo Kyle Subido  | December 08, 2017 02:00:00
Run & Grow

Financial Adviser: 5 Startup Lessons to Succeed in the E-loading Business from the Founder of Expresspay

Anson Uy didn't let a disability stop him from creating an opportunity for himself

Anson Uy was only nine years old when he had a terrible accident that changed his life. He fell off two flights of stairs inside a shopping store while vacationing in Hong Kong, leaving him with a broken leg that made him ...

by Henry Ong  | November 14, 2017 10:00:00
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

You Can Now Send Money, Pay Bills and Buy Load Through Facebook Messenger

The social media giant partners with PayMaya and GCash to provide mobile financial services in the PH

Social media platform Facebook has partnered with Philippine mobile wallet platforms PayMaya and GCash to offer financial services via its communication app Messenger. Through PayMaya and GCash chatbots integrated with the app, Messenger users are now able to transfer money to their ...

by Lorenzo Kyle Subido  | September 22, 2017 05:00:00
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
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