Technology News
Insurtech Igloo forecasts an uptick in insurers harnessing (artificial intelligence) AI for advanced data analytics, accelerating significant transformations across Southeast Asia’s insurance landscape for 2024. In the ever-evolving insurance industry,…
The Bangko Sentral ng Pilipinas (BSP) is advocating for the digitalization of payments for government transactions, aiming to expedite service delivery and improve financial accessibility for citizens. The BSP’s initiative…
With Singapore, Thailand, and several other nations opening their borders visa-free to travelers, Alipay+, the cross-border mobile payments, and marketing platform operated by Ant International, is spearheading the global travel…
GoTyme Bank, a digital bank, has joined forces with Gogolook, the TrustTech company known for the anti-fraud app Whoscall, to address the increasing need for robust security measures in the…
Digital bank GoTyme Bank and outsourced payment collection system provider Bayad forged a partnership to enhance bill payment services for the bank’s customers. The collaboration enables GoTyme app users to…
Maya, a digital banking player in the Philippines, has unveiled Maya Time Deposit Plus, a savings product offering high interest rates. Maya Time Deposit Plus aims to revolutionize savings strategies…
The Bangko Sentral ng Pilipinas (BSP) has extended the ban on e-money licenses until Dec. 15, 2024, as announced toward the end of last year. However, the BSP also stated…
UnaCash, an all-digital cash loan application solution, has expanded to 128 branches in 2023, marking a 300% growth in market presence. This expansion follows the upgrade of its buy now,…
Experts at Kaspersky, a cybersecurity solutions company, warn the public of escalating dangers driven by artificial intelligence (AI) and increased automation. Its latest report foresees a spike in cyberattacks, particularly…
GCash has extended its global remittance reach by teaming up with PERA HUB, a retail network under Aboitiz, to enable seamless cash-in transactions through the GCash app. “Through this partnership,…
Alipay+, the cross-border mobile payment platform by Ant International, unveiled a year-end initiative promoting sustainable cross-border travel. This campaign, lasting until Dec. 31, caters to users of five major Asian…
GoTyme Bank, a digital bank established in collaboration between the Gokongwei group and Tyme, reached a milestone of 2 million customers within 14 months, surpassing its 2023 target. Nate Clarke,…
Whether it was the carryover of the pandemic or other factors, Filipino consumers have fully embraced the use of e-wallets, according to the latest report from Nomura Research Institute (NRI)…
Aboitiz-led Union Bank of the Philippines (UnionBank) is waiving fees for InstaPay fund transfers up to P1,000 this holiday season. UnionBank is continuing its policy of waiving all fees for…
Packworks, a Filipino startup facilitating a B2B FMCG marketplace for sari-sari stores (also known as neighborhood stores), has teamed up with 1Sari Financing Corp. to provide inventory financing services to…
GoTyme Bank, a collaboration between the Gokongwei group and Tyme, has ramped up security measures to safeguard accounts against fraudulent activities. This includes the disabling of suspicious accounts, aligning with…
OwnBank, a new player in the mobile banking sector, offers an 8% per annum savings interest rate, which is considered to be the highest in the industry, so far. With…
At the recently concluded Cashless Expo 2023, fintech company Maya trained the spotlight on the pressing need of small businesses for advanced digital banking services. “Our SMEs aren’t merely poised…
Visa and its Visa Foundation unveiled key initiatives supporting small and micro businesses (SMBs) worldwide, particularly across APEC economies. The Visa Foundation committed $100 million over five years to boost…
In its goal to empower local businesses to achieve commercial success, GCash for Business held the “Experience Easy” Business Summit to provide Philippine companies of all sizes with much-needed solutions…
UnionDigital Bank, the digital bank of UnionBank of the Philippines, unveiled Ubeh Pay at Cashless Expo PH 2023 in Manila, showcasing bill payments, QR-based payments, tapping-enabled contactless payments, and a…
PayMongo Philippines Inc. (Paymongo) and GoTyme Bank (GoTyme) have joined forces to provide loans to small businesses under PayMongo’s merchant ecosystem. Through GoTyme, entrepreneurs can avail themselves of up to…
Maya, a digital banking app in the Philippines, has partnered with the Securities and Exchange Commission (SEC) to enhance financial literacy nationwide through the Capital Market Promotion and Awareness Inter-Agency…
Xendit, a B2B payment gateway, is participating in the Bangko Sentral ng Pilipinas’ (BSP) Open Finance Pilot as both provider and user of Application Programming Interface (API) technology. Xendit will…
Pouch.ph and One Cooperative Technology Service (OCTS) recently launched CoopPay, a mobile wallet app designed for the use of cooperative members in the Philippines and ASEAN countries. This partnership introduces…
UnaCash, a provider of in-app and in-store installment solutions in the Philippines, foresees point-of-sale loans (POS) soaring to P1.67 trillion by 2028, driven by a shifting consumer landscape. A survey…
WorldFirst, a digital payment and financial services platform tailored for cross-border trade small businesses, unveiled its roadmap to launch e-commerce financial solutions across new markets in Southeast Asia (SEA). This…
Regional insurtech Igloo encourages consumers to take extra caution when shopping online amid the rising cybersecurity threats in Southeast Asia (SEA). Igloo offers various insurance products, including gadget protection and…
M Lhuillier, a trusted financial services company dedicated to serving all Filipinos, has expanded its offerings to include M Lhuillier Insurance, an important addition to its wide array of products…
GCash, a finance app, now offers Global Pay, a solution that allows travelers to go cashless when traveling abroad. Building on the Pay via QR launch in Japan in 2021…
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