Atome secures $345 million loan to fund expansion in SEA
Digital finance platform Atome has secured a renewed and expanded $345 million syndicated debt facility, up from $200 million raised in 2024. HSBC continued its role as structuring bank and…
EastWest, PayMongo partner to make online payments easier for businesses
EastWest and PayMongo have entered into a partnership to make online payments simpler and more affordable for businesses in the Philippines. EastWest clients can now integrate PayMongo’s online payment gateway…
CIBI cites stronger data compliance in push for financial inclusion
Inadequate data remains a barrier for businesses, especially small enterprises, to secure loans needed to start or expand their operations. CIBI, a private credit bureau, highlighted recent improvements in data…
Billease, Maya to offer BNPL via QRPh, POS terminals
Digital finance platform Billease partnered with Maya Business, a digital payments provider, to allow shoppers to use Buy Now, Pay Later (BNPL) at stores and online using QRPh and point-of-sale…
UnaCash: More Filipinos turn to Buy Now, Pay Later services
The Buy Now, Pay Later (BNPL) market in the Philippines continues to grow, with 28.4 million Filipinos using the service as of the end of 2024, according to data from…
UnaCash: Philippines’ mobile commerce to add $11.1B to digital market by 2025
The Philippines’ mobile commerce (m-commerce) sector is projected to contribute around $11.1 billion (P632.9 billion) to the country’s digital economy in 2025, accounting for about 25.9% of total digital transactions,…
UnaCash: Philippines sees tenfold growth in point-of-sale usage
The Philippines has seen a rise in point-of-sale (POS) usage, according to financial solutions provider UnaCash. As of July 2024, 33.1% of adults aged 15 and older now use POS…
TPG invests in PH-based fintech BillEase
BillEase, a digital finance platform in the Philippines, has secured a major investment led by private equity firm TPG’s The Rise Fund. This investment is part of BillEase’s Series C…
UnaCash: BNPL to contribute 6.7% to PH digital economy in 2024
The buy now, pay later (BNPL) market in the Philippines is expected to play a significant role in the country’s digital economy, contributing 6.7% to the gross merchandise value (GMV)…
UnaCash: 40% of Filipinos use BNPL for budget management
The survey's insights align with UnaCash's internal data, showing that middle-class consumers often use BNPL for significant purchases.
Fintech Atome Financial secures $100 million loan facility
Atome Financial, a digital financial technology platform under the Advance Intelligence Group, has secured a three-year term loan facility from EvolutionX Debt Capital. The facility includes an accordion feature that…
BillEase launches QRPh integration with Asia United Bank
Consumer finance app BillEase has unveiled its integration with QRPh, the national QR code standard, in collaboration with Asia United Bank (AUB). The partnership aims to enhance the checkout experience…
BillEase secures $5 million investment from Saison’s offshore lender
Consumer finance and buy now pay later (BNPL) app BillEase secured a significant investment of $5 million from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison…
Igloo’s partnerships provide the underbanked access to insurance
Insurtech company Igloo’s partnerships with consumer finance platforms in the Philippines enable consumers to avail themselves of gadget protection products. The collaborations aim to widen access to insurance products and…
BillEase reports $57 million in revenue in 2023
BillEase, a consumer finance and buy now pay later app, recorded $57 million in revenue in 2023, double that of the previous year. The unaudited financial report for 2023 also…
UnaCash increases reach in 2023 with 128 branches
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,…
Mocasa offers pay-later option for convenient holiday shopping
Mocasa, a virtual credit wallet, offers a Pay Later credit line, allowing customers to shop for their holiday needs. With this offering, consumers can access a credit line of up…
Home Credit offers easy payment options for back-to-school shopping
Home Credit, a consumer finance company, aims to provide assistance so parents and kids can enjoy a back-to-school shopping experience while sticking to the budget. Parents are searching for cost-effective…
UnaCash now offers point-of-sale loans
UnaCash, an all-digital cash loan application solution, will now be offering point-of-sale (POS) loans to clients through Buy Now, Pay Later (BNPL), hoping to ramp up its financial inclusion efforts.…
TransUnion study finds gaps in unbanked Filipinos’ credit knowledge
A study by TransUnion, a global information and insights company, showed that Credit Perception Index (CPI) in the Philippines currently stands at 65 out of 100. The TransUnion CPI for…
National Book Store offers BNPL in partnership with BillEase
National Book Store and BillEase have joined forces to simplify back-to-school shopping for Filipino customers. This collaboration aims to promote a cashless society by incorporating Buy Now, Pay Later (BNPL)…
GoIT taps BillEase as payment partner for its edtech programs
BillEase, a consumer finance app, and GoIT, an ed-tech company, are working together to provide underserved Filipinos access to IT (information technology) courses, acquire digital skills, and find employment eventually.…
Home Credit taps Open Fabric for merchants’ digital payment solutions
Home Credit Philippines, a consumer finance company, teams up with Open Fabric, a technology company that develop infrastructure for payments and financial services, to launch digital payment solutions for merchants.…
BNPL firm Atome offers payment options for holiday shopping
Atome, one of Asia’s BNPL (buy now, pay later) companies, is offering shoppers this holiday season flexible deferred payment options. First launched in Singapore in 2019 and officially available in…
Banking credentials theft doubled in 2022 — Kaspersky
Incidents of Banking Trojans stealing payment data have doubled in 2022 compared to 2021 reaching 20 million attacks or overall growth in the number of detections of 92%, based on…
BillEase, PayMongo partner to provide BNPL services to retailers
Buy now, pay later (BNPL) and consumer finance app BillEase and payment processor PayMongolaunch teamed up to help retailers drive growth through a card-free BNPL service. Retailers using PayMongo can…
BNPL firm BillEase raises $20 million in funding
BillEase, a consumer finance apps, has closed close to $20 million debt facility arranged by Helicap Securities, a Singapore-based financial technology company providing private debt investment opportunities for accredited and…
What’s BNPL and how does it help you?
By Bharath Vellore, General Manager Provenir APAC The last three years had a significant and unprecedented impact on the global e-commerce market. In the Asia Pacific (APAC), e-commerce sales are…
Upgrade your smartphone from MemoXpress with HomeCredit deals
Home Credit Philippines (HCPH), a leading buy now, pay later (BNPL) provider, and MemoXpress are here to help you get that phone upgrade quickly and easily without making a dent…
PayMongo expands BNPL services with Atome partnership
Online payment processing platform Paymongo taps Atome Philippines to expand its reach of Buy Now Pay Later services. The partnership enables PayMongo’s more than 10,000 merchant networks in the Philippines…
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