State-owned Development Bank of the Philippines (DBP) taps PayMaya to provide end-to-end digital payment solutions firm to its partners in the public sector such as national government agencies, local government units (LGUs), […]
Homegrown fintech company First Digital Finance Corp. (FDFC) which powers the leading Buy Now Pay Later (BNPL) app BillEase is partnering with Southeast Asia-based payments leader 2C2P to increase access of BNPL […]
Online service payment provider JustPayto is adding more online services to its platform as it reinforces its drive to enable more Filipinos to accomplish their errands remotely — keeping themselves, their families, […]
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group has secured the globally recognized Payment Card Industry Three-Domain Secure (PCI 3DS) compliance for all of its seven availability zones in […]
The latest Visa Consumer Payment Attitudes study reveals that the lockdowns and mobility restrictions prompted Filipinos to adopt online shopping, which also resulted in the surge to e-commerce, with 52% of respondents […]
Indonesia-based digital payments infrastructure startup Xendit secures $64.6 million in a Series B round led by Accel, a global venture capital firm, raising its total funding to $88 million. YCombinator, a seed […]
By Peter Barcak, CEO and Founder of CredoLab Lending has long been a universal struggle in the Philippines, especially for the estimated 70% of the adult population currently with limited access to […]
Digital payments have now overtaken cash as the preferred mode of payment of Filipinos for online shopping, digital financial services company PayMaya said recently. Speaking during the launch of the updated DTI […]
Digital payment services PayMaya lets you check your 2020 cashback through its app feature “2020 Cashless Lifestyle Report.” Get an overview of your favorite cashless transactions, your total Balik Bayad earnings, and […]
Online insurance sales platform Maria Health and fintech company FDFC (which powers the Buy Now Pay Later app BillEase), launched a payment partnership, which will allow existing and potential policyholders to pay […]
Globe Fintech Innovations Inc. (Mynt), the fintech arm of Globe Telecom received $175 million in fresh capital from the New York-based capital management firm Bow Wave and its existing shareholders in multiple […]
Singapore’s multi-currency mobile wallet YouTrip announced a six-year partnership with digital payments firm Visa to accelerate its expansion into the rest of Southeast Asia, starting with Malaysia and the Philippines. Currently launched […]
Cashless payment saw a steep rise during the pandemic when the Philippine government imposed different levels of quarantine to contain the spread of the virus. COVID-19 caused a massive digital shift not […]
According to global tech market advisory firm ABI Research, up to 2.5 million biometric payment cards will be issued in 2021 as the market reaps the benefits of significant ecosystem efforts, tailored […]
Government officials and business leaders believe that digital payments or e-payments will “bring economic growth and create a more inclusive Philippines.” This was revealed during the virtual dialogue “Advancing E-Payments via Public-Private […]
Amid coronavirus-driven lockdowns and social distancing, proliferating mobile apps and online channels have proven vital lifelines. US mobile banking grew 50% in the first half of 2020, new registrations spiking 200% in […]
To make banking transactions seamless for clients amid the pandemic, the UnionBank of the Philippines (UnionBank) has digitized its onboarding processes through The Portal platform that offers customized solutions for its corporate […]
UnionBank of the Philippines (UnionBank)’s UShare continues to digitize its foundations, non-profits, academic institutions, and faith-based organization segment as its digital collection solution is now powered by the Bank’s Payment Gateway e-commerce […]
The COVID-19 pandemic hastened digital transformation across all industries. A recent study by financial services firm Visa saw the willingness of consumers to use their mobile phones for digital payments. This may […]
With the results of the latest survey by financial services company Visa, it is safe to say that Filipinos have embraced digital payments with 70% of respondents saying that they don’t have […]
As governments issue movement restrictions to help curb COVID-19, businesses accelerated their digital transformation which includes, among others, digital payments. According to Global Data, a data analytics and consulting company, the pandemic […]
Based on the data of Philippine Payments Management, Inc. (PPMI), InstaPay recorded 29.53 million transactions for the period of March-May 2020, when several parts of Luzon are put in quarantine to combat […]
Visa announced recently the list of programs and initiatives to assist small and medium businesses small and medium enterprises (SMEs)) in transitioning from traditional to digital payment systems. The financial services company […]
Providing a complete and inclusive way for Filipinos to transact with government online through ‘cashless’ ecosystems is critical as the government accelerates its digital push in light of the COVID-19 pandemic, an […]
Building robust and interconnected payment ecosystems are critical in achieving the country’s goal to raise the share of digital payments value to 30% by the end of 2020, an executive from digital […]
Online marketplaces and travel sites topped this year’s “Singles’ Day” or “11.11” online shopping event as they were boosted by seamless digital payment options and attractive instant perks, data from digital financial […]
With more and more government agencies adopting digital payments and shifting transactions online, the country’s Ease of Doing Business ranking is expected to further improve, an executive from the country’s leading digital […]
Community-based digital transactions provider POSIBLE is helping micro, small, and medium enterprises in their transformation as a response to the call of a more digitally inclusive business ecosystem. Recently, POSIBLE introduced its […]
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