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News and Events

Do You Use GrabPay for Your Rides? Soon, You Can Tap Mobile Wallet to Buy From Mastercard's 3M Global Merchants

Partnership allows Grab's mobile wallet users to acquire and use Mastercard Prepaid Card worldwide

Singapore-based transportation and technology company Grab has announced a partnership with global financial firm Mastercard that will allow GrabPay users to acquire Mastercard prepaid cards that can be used worldwide.In a press release published on October 25, Grab said that it will ...

by Lorenzo Kyle Subido  | October 25, 2018 04:00:00
Business Ideas

Amid Rising Interest Rates, PH Fintech Startup Cuts Lending Costs to Small Businesses

Thanks to smarter credit scoring, First Circle can offer more competitive rates for small businesses

Established in 2016, First Circle aims to make the lending process easier and more convenient for SMEs. From left: Brian McKiernan, vice president for product management; Patrick Lynch, CEO; Tony Ennis, chief technology officer; Axel Regnström, chief commercial officerLast September 28, the ...

by Lorenzo Kyle Subido  | October 17, 2018 09:00:00
Business Ideas

How a Bitcoin Pioneer in PH Survived the Vagaries of the Cryptocurrency Market

Meet the founders of one of the first blockchain technology companies in the Philippines

When John Bailon first heard about Bitcoin, he thought it was a scam.“When I downloaded the software, I ran it, [and] it crashed on my computer,” he told Entrepreneur Philippines during an interview last April.  “I said, this must be a scam. That was maybe ...

by Lorenzo Kyle Subido  | October 15, 2018 09:00:00
News and Events

Mobile Payments Duel Between WeChat and Alipay Coming to PH

The two Chinese firms now hold stakes in the country's largest mobile payment platforms

Listed telecommunications firm PLDT Inc. has announced that its digital technology arm, Voyager Innovations, will be taking in investments worth up to $175 million (Php9.5 billion) from a group of investors led by Chinese tech giant Tencent Holdings and global private equity ...

by Lorenzo Kyle Subido  | October 05, 2018 04:00:00
Run & Grow

How TrueMoney PH Grew from Zero to 18,000 Financial Centers in Two Years

The fintech startup has already surpassed the networks of the country's largest banks and pawnshops

TrueMoney’s main business involves enabling small enterprises such as sari-sari stores, beauty salons and internet cafés to offer financial services on top of their existing businessesThe Bangko Sentral ng Pilipinas (BSP) readily recognizes the role of financial technology (fintech) as a keystone ...

by Lorenzo Kyle Subido  | September 27, 2018 08:00:00
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
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