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News and Events

3 Lessons PH Can Learn from China's Fintech and E-Commerce Revolution

Highlights of a forum on China's fintech and e-commerce ecosystem

Talk about technology and digital innovation in the Philippines and the conversation immediately turns to the country’s status as the selfie or social media capital of the world.Data from social media agency We Are Social show that 63 percent of the population ...

by Lorenzo Kyle Subido  | August 16, 2018 10:00:00
News and Events

Unsure of Digital Payments? BSP Creates New Unit to Better Regulate Fintech Services

The Financial Technology Sub-Sector is also in charge of rolling out the national payment system

The Bangko Sentral ng Pilipinas (BSP) has created the Financial Technology Sub-Sector (FTSS), a unit in charge of overseeing the BSP’s digital payments programs as well as regulating registered financial institutions that offer electronic products and services.“A new subsector within the Financial ...

by Lorenzo Kyle Subido  | August 06, 2018 09:00:00
News and Events

China's E-Commerce and Fintech Revolution: What are Lessons For PH?

Veteran China watcher Jaime Florcruz and other experts to address question on August 9

Next to anecdotes of Shanghai residents no longer carrying wallets or bank cards to pay for transactions, perhaps the most intriguing sign yet of the cashless revolution sweeping China is the report of Chinese beggars using mobile payments and QR (quick response) ...

by Pauline Macaraeg  | July 25, 2018 10:00:00
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

Soon, Chatbots will Process Pinoys’ Application for Loans, Insurance and Credit Cards

Financial supermarket website eCompareMo is also developing its own credit scoring system

eCompareMo, a Philippine-based financial comparison platform, will soon launch a chatbot that will be able to process applications for loans, insurance and credit cards on its website.In its first Finovation forum held last March 15, the company demonstrated its new chatbot technology ...

by Lorenzo Kyle Subido  | March 28, 2018 09:00:00
News and Events

3 Truths and Myths About Cryptocurrency in PH, According to BSP Governor Espenilla

The country’s chief monetary official clears up some misconceptions about digital money

The Bangko Sentral ng Pilipinas (BSP)’s policy stance towards cryptocurrencies in the Philippines has evolved alongside the spread and widening use of virtual money for transfers, payments and investment.Referring to digital, decentralized and unregulated currencies such as Bitcoin and Ethereum, cryptocurrencies are ...

by Lorenzo Kyle Subido  | March 15, 2018 09:00:00
Business Ideas

Fintech Startup Makes Cash-on-Delivery Option Affordable and Convenient for Online Sellers

Payments solutions provider Payo delivers orders and collect cash payments from buyers

Transactions done online, especially for shops selling through social media platforms, can get particularly tricky. With the absence of a reliable payment system, online merchants and buyers turn to over-the-counter bank deposits. The buyer lines up in the bank, deposits his or ...

by Elyssa Christine Lopez  | February 21, 2018 02:00:00
News and Events

Why is the PH Gov’t Turning to Jack Ma’s Ant Financial to Lower Remittance Costs for OFWs?

The new Overseas Filipino Bank could be the platform for Ant Financial’s low-cost mobile payment tech

The Department of Finance (DOF) announced on Thursday, February 8, that they are looking to tap Chinese tycoon and Alibaba founder Jack Ma’s Ant Financial Services Group to lower remittance costs for overseas Filipino workers. Ant Financial is Alibaba’s financial technology (fintech) ...

by Pauline Macaraeg  | February 12, 2018 10:00:00
News and Events

PH Cryptocurrency Startups Swamped as Bitcoin Transactions Soar Amid Surging Price

Coins.ph warns clients cash-out times may take longer while Satoshi Citadel tries to keep up with growth

In the one-month period from November 11 to December 10, the price of 1 Bitcoin rose 133 percent from $6,334 to $14,774, according to data from CoinDesk.com. The high volatility of the cryptocurrency has sparked a surge in interest from Filipino investors, ...

by Lorenzo Kyle Subido  | December 12, 2017 08:00:00
News and Events

GCash, PayMaya Move Closer to Emulating Jack Ma's Cashless Payment System for PH

The two leading mobile wallets launched scan-to-pay features to ease payments for brick-and-mortar retailers

The country’s two leading telco-powered mobile wallets, Smart Communications’ PayMaya and Globe Telecom’s GCash, rolled out a new “scan to pay” feature that allows users to scan quick response (QR) codes with their smartphones in order to pay for products and services ...

by Lorenzo Kyle Subido  | October 25, 2017 03:00:00
Startup Tips

Why Marketers Need to Pay Attention to Cryptocurrency ”" Now

What is cryptocurrency, and why is it going to interfere with your current marketing model?

Although the technology is relatively new, cryptocurrency is already making waves in multiple industries. In fact, there are some who argue that it will change the face of finance and marketing forever.Despite its relative infancy, cryptocurrency has already impacted the marketing world ...

by AJ Agrawal  | September 14, 2017 07:00:00
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

Mindanao Rural Bank Wins Php7.5M ADB Grant to Pilot Cloud-Based Banking in PH

Cantilan Bank in Surigao del Sur aims to process loans in hours instead of days

A family-owned rural bank in the second-class town of Cantilan in Surigao del Sur province in Mindanao will receive $150,000 (Php7.5 million) in grants from the Asian Development Bank (ADB) to pilot cloud-based core banking technology in the Philippines.ADB said Cantilan Bank, ...

by Roel Landingin  | July 26, 2017 06:00:00
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