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News and Events

Credit Score for All Filipinos: Fintech Moves Closer to Goal With $28-M Funding Round

C88, which operates eCompareMo in the Philippines, is making sure every Filipino can apply for a loan

Building and growing a startup company is often seen as a young person’s game. Stories about small tech companies led by 20-somethings that disrupt entire industries are often written and shared, and that isn’t limited to Western markets.Among the respondents in the ...

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

JG Summit-Backed Fintech Unit OKs Loans In 10 Minutes, Releases Proceeds in Half Hour

Will Cashalo become the McDonald's of lending?

According to the latest Financial Inclusion Survey by the Bangko Sentral ng Pilipinas (BSP), the proportion of Filipino adults with outstanding loans fell from 47.1 percent in 2015 to only 22.3 percent in 2017.However, the reason isn’t that fewer Filipinos needed to ...

by Lorenzo Kyle Subido  | October 24, 2018 08:00:00
News and Events

Over 8 of 10 Small Banks, Micro Lenders, Co-Ops in PH are Not Ready to Go Digital

FINTQ's latest Inclusive Digital Finance Report found many are not willing to invest in technology

At the launch of the Road to 20 by 2020 campaign last October 18. From left: Microfinance Council of the Philippines President and CEO Fr. Jose Victor Lobrigo, Rural Bankers Association of the Philippines President Armando Bonifacio, Chamber of Thrift Banks Trustee ...

by Lorenzo Kyle Subido  | October 22, 2018 10:00:00
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
Business Ideas

Meet the 27-Year-Old Leader of the Coming Revolution in the Stock Market

John Christian Bisnar wants to grow the number of equities investors in the Philippines from less than a million to 10 million in a decade

John Christian Bisnar is the CEO and co-founder of fintech startup Investagrams, an online platform and community that helps stock market investors in the Philippines learn and practice trading strategies with real-time prices without using real money It’s just as well that John Christian ...

by Pauline Macaraeg  | October 08, 2018 08:00:00
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
News and Events

1 in 5 Grab PH Rides No Longer Paid With Cash as E-Money Users Double Per Quarter

After securing electronic money license, TNC expands use of GrabPay from rides to e-commerce

From left: Sharon Roessen, managing director of Terrapinn, the organizer of Seamless Philippines 2018; and Ooi Huey Tyng, managing director of GrabPay in Malaysia, Singapore and the PhilippinesAfter securing the No. 1 position in the ride-hailing market in the country following the ...

by Lorenzo Kyle Subido  | October 01, 2018 09:00:00
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
Business Ideas

Virtual Stock Trading Platform Eyes Brokerage License, Aims to Boost Market Players From 0.8M to 10M

After attracting 230K users, Investagrams' millennial founders aim for a much bigger goal

The millennial founders of Investagrams, a virtual stock market trading and learning platform that quickly built up its membership to 230,000 users three years after launch, want to turn the fintech startup into a stock brokerage that would execute clients’ trades for ...

by Roel Landingin  | September 03, 2018 02:00:00
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
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