Maya enables use of usernames for financial transactions
Digital bank Maya rolled out a new feature that lets app users send and receive money with their username. This gives users options for more personalized money transfer transactions. Much…
Neobank Tonik introduces new all-digital loans products
Digital bank Tonik started offering two new lending products, Flex Loan and Big Loan, in a bid to accelerate financial and credit inclusion in the country. Tonik’s best priced unsecured…
UnionDigital banks 1.73 million customers in four months
UnionDigital Bank, the digital banking subsidiary of Union Bank of the Philippines, has, so far, onboarded 1.73 million customers. The Aboitiz-led digital bank also reached $ 70 million in loan…
GoTyme Bank officially introduces new products, offerings
Philippines’ Gokongwei Group and Singapore-based Tyme Group officially launched the digital bank GoTyme Bank. The new venture combines high-tech with high-touch approach to make financial solutions accessible to more Filipinos.…
Maya Bank records 1 million customers five months after launch
Maya Bank registered one million customers and reached P10 billion deposit balance in just five months after its public launch. Publicly launched in April this year, Maya Bank powers the…
CIMB offers free transfers with InstaPay and PESONet
Digital banking services provider CIMB Bank Philippines now offers InstaPay on the CIMB Bank PH app. Users can now easily transfer as much as P50,000 to and from their CIMB…
GoTyme Bank, Visa, BancNet ink partnership to boost digital transactions
GoTyme Bank, Philippine interbank ATM and online banking network BancNet, and Visa, one of the world’s leaders in digital payments, formed a strategic partnership to address the need for convenient…
Tonik enables BillsPay feature for hassle-free dues payment
Neobank Tonik introduced the BillsPay feature to provide consumers with easy and accessible banking. Available through the Tonik app, BillsPay enables users to seamlessly pay their bills on time, without…
Maya Business recognizes growth leaders in enterprise payments
Maya Business, the country’s largest processor of business payments, continues to propel the rapid growth of enterprises through leading-edge digital payment technologies and integrated financial services. One of the partners…
CIMB PH launches virtual card for REVI Credit
Digital banking services provider CIMB Bank PH has recently launched CIMB Virtual Card, a unique virtual card powered by its revolving credit product REVI Credit. Through the virtual card, REVI…
Digital bank GoTyme Bank receives BSP approval to operate
GoTyme Bank was awarded its Certificate of Authority to operate as a digital bank by the Bangko Sentral ng Pilipinas (BSP). This signifies that the BSP has already reviewed GoTyme…
Tonik now offers fund transfers via InstaPay
Neobank Tonik has integrated the electronic fund transfer (EFT) service Instapay into its mobile app services. Customers can now send and receive real-time transactions for up to P50,000 to and…
Consumer finance veteran joins Tonik’s management team as Group COO
Tonik has hired Tomasz Borowski to join the leadership team as group chief Operations Officer (COO). With 20 years of experience in consumer finance, primarily focused on building efficient operations,…
UnionDigital Bank to start operations after receiving BSP certification
Union Bank of the Philippines’ all-digital bank UnionDigital Bank (UnionDigital) has completed the final stage of securing the license to operate from the Bangko Sentral ng Pilipinas (BSP). In a…
UNO Digital Bank partners with AWS to build platform
By leveraging Amazon Web Services (AWS), UNO Digital Bank in the Philippines said it was able to build the platform in just one year. UNO Digital Bank adopted the AWS…
ING Philippines launches digital banking security education campaign
Digital bank ING Philippines recently launched its security education campaign called #SimplySecuredWithING to encourage online banking adoption in the country. The campaign aims to ease any apprehensions the public still…
Consumers can now access Maya app services and features
Finance app PayMaya has evolved from an e-wallet to an all-in-one money app called Maya and it’s now available for early access to users. Maya combines the PayMaya e-wallet with…
PayMaya rebrands as Maya to launch digital bank
Following the announcement a few months ago, mobile wallet PayMaya has evolved into Maya and will start offering digital banking services. PayMaya (or Maya) is operated by Voyager Innovations, the…
Uno Digital Bank unveils new brand identity
Ahead of its intended launch in Q2, 2022, UNObank Inc., a digital bank licensed under the Bangko Sentral ng Pilipinas’ (BSP) Digital Banking License framework, has rebranded UNObank to UNO…
Neobank Tonik hints at upcoming lending and crypto products
Neobank Tonik, which is one of the first six digital banks granted a license by the Bangko Sentral ng Pilipinas, is now looking at offering cryptocurrency to expand its digital…
Tonik secures $100 million in consumer deposits in 8 months
Neobank Tonik has surpassed the P5 billion ($100 million) in consumer deposits after only eight months since its launch. Tonik’s deposit achievement was supported by unique, accessible, flexible, and inclusive…
Voyager’s PayMaya secures digital bank license from BSP
The Bangko Sentral ng Pilipinas (BSP) has granted digital payment PayMaya Philippines (PayMaya) license to operate as a digital bank. Operated by Voyager Innovations, the fintech arm of PLDT Inc.,…
Neobank Tonik launches physical debit cards with ‘high-security’ features
Private neobank Tonik, which is operating under its own digital bank license by the Bangko Sentral ng Pilipinas (BSP), has launched physical debit cards for clients of its mobile app.…
RCBC honors partners in digital aid disbursements
The Rizal Commercial Banking Corporation (RCBC) recognized its partner banks and institutions at the Araw ng Pasasalamat sa mga Madiskarteng Kabalikat program. The event, in time for the Philippine Independence…
Neobank Tonik secures digital bank license from Bangko Sentral ng Pilipinas
Neobank or digital bank Tonik said it was able to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP). In December 2020, BSP released the guidelines for…
EastWest’s Komo launches the customizable on-demand life insurance Troo
EastWest will launch what is considered to be the first-ever customizable app-based, on-demand life insurance in the Philippines. Troo Flex will be exclusively available through Komo, the group’s fully digital…
Visa study finds 8 in 10 Filipinos show interest in digital banking
The COVID-19 pandemic not only accelerated companies’ digital transformation but may have also increased consumer awareness in terms of digital services available today. The Visa Consumer Payment Attitudes study shows…
Tonik digital bank clients can now transfer funds through PESONet
Tonik, a neo or all-digital bank that recently launched in the Philippines, has now enabled interbank fund transfers through PESONet, an electronic fund transfer service. This service is initially available…
Backbase study finds 60% of ‘bankable’ clients in PH willing to shift to digital banks
Digital banking is gaining momentum across the Asia Pacific (APAC) driven mainly by forced lockdowns, mobility restrictions, and people’s fear of COVID-19. As affirmed by Backbase’s latest study titled “Fintech…
DigibankASIA teams up with Xebia to launch new digital bank UNO
DigiBankASIA, the visionary financial services company headquartered in Singapore, and Xebia, a company that offers next-generation digital services and consulting, announced a strategic partnership for the launch of Asia’s new…