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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
News and Events

After Turning Stores to Payment Hubs, Can this PH Startup Remake Them as 'Mini Malls?'

Pos!ble.net thinks it's possible with the use of printed catalogues

Pos!ble.net's newest innovation not only aims to turn small enterprises like sari-sari stores and laundry shops into payment centers but into mini “malls”With e-commerce and digital technology steadily gaining a foothold in the country, innovation is the name of the game for ...

by Elyssa Christine Lopez  | July 27, 2018 11:00:00
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

From Sari-Sari Store ATMs to Blockchain-Powered Remittance: RCBC Displays Knack for Fintech

The country's 10th biggest lender is rolling out several technological firsts in the banking industry

RCBC ePiso is the country’s first digital fiat currency, which clients can use to access financial services without the need to open and maintain a bank account“If you’re talking about financial inclusion, necessarily you have to talk about digital banking.”Those were the introductory ...

by Lorenzo Kyle Subido  | July 16, 2018 09:00:00
News and Events

JG Summit's Fintech Unit Rolls Out Mobile App for Fast and Easy Cash Loans

Conglomerate urges employees to try Oriente Express’ Cashalo app and provide feedback

JG Summit Holdings Inc. President and CEO Lance Gokongwei said Cashalo is meant to "transform the lives of millions of underserved people in the Philippines through financial awareness and independence”After money transfers, payments and checking of bank account balances, Filipino smartphone users will soon ...

by Elyssa Christine Lopez  | June 07, 2018 06:00:00
News and Events

Fintech Startup Plans to Offer Blockchain-Powered E-Wallets to A Million Seafarers, OFWs

TraXion is also holding an initial coin offering to raise up to $55 million in virtual currency

Financial technology startup TraXion is launching an initial coin offering (ICO) that aims to raise up to $55 million worth of virtual currency through the sale of 250 million TraXion tokens or TXN.These utility tokens will grant TXN holders access to TraXion’s ...

by Lorenzo Kyle Subido  | May 21, 2018 09:00:00
News and Events

How UnionBank is Pioneering the Blockchain Revolution in PH Banking

It is using the technology to update manuals faster and to power a settlement system for rural banks

UnionBank, one of the country’s largest universal banks, is positioning itself as the Philippines’ first blockchain-enabled bankEver since blockchain was introduced to the public in 2009 as the underlying technology behind Bitcoin, many have highlighted its disruptive effects to the financial sector. ...

by Lorenzo Kyle Subido  | May 09, 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

PH Receivables-Trading Platform to Launch Initial Coin Offering to Raise Up to $35-M

Founded in the Philippines in 2016, Acudeen plans to be in three more SEA markets by mid-2018

Fintech startup Acudeen is planning to launch an initial coin offering (ICO) to raise up to $35 million in virtual tokens to be used in its new blockchain-based platform for trading receivables and other movable assets of small and medium enterprises (SMEs).Originally ...

by Lorenzo Kyle Subido  | April 11, 2018 01:00:00
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

Meet the Fintech Startups Ushering in Cryptocurrency and Blockchain Technology in PH

These are the pioneering entrepreneurs leading the country into the new world of virtual currencies

“It is 1995 and Web 1.0 all over again.”This was the description of Nico Jose “Nix” Nolledo, the chairman and CEO of listed consumer tech company Xurpas, when talking about the current state of cryptocurrencies and blockchain. The new technology has quickly ...

by Lorenzo Kyle Subido  | March 21, 2018 10:00:00
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