Enterprise tech news and intelligence in the Philippines
More than half of e-finance users in Southeast Asia (SEA) believe that small and medium businesses (SMBs) should begin using digital payments for financial transactions. This is one of the…
Panublix was one of the recipients of the Xendit Startup Accelerator Program, acquiring fee waivers of $10,000 (or over P520,000) consumable for two years. A Philippine startup based in Iloilo,…
ShopeePay is enhancing and introducing new features as it saw significant user and user growth since it was first launched in 2019. According to its own data, there was an…
As proof that more and more Filipinos are embracing digital payments than before the pandemic hit, a Visa study found that 60% of Filipinos now are carrying less cash in…
The Bangko Sentral ng Pilipinas (BSP), together with the Philippine Payments Management Inc. (PPMI) launched the Multiple Batch Settlement (MBS) facility of the PESONet electronic fund transfer service. “This new…
Homegrown fintech startup NextPay has surpassed the P1-billion mark in terms of total transaction volume in 2021. Invoice payments, employee salaries, and vendor payments were the main drivers for this…
With licenses issued to digital banks and digital payments adoption on the rise, the Bangko Sentral ng Pilipinas (BSP) sees that digitalization has the potential to ease the country’s inflation…
Singapore’s ASEAN Fintech Group (AFG), a venture firm that specializes in fintech, announced its acquisition of Philippines digital payments provider JazzyPay valued at $1.8 million. A registered digital payments provider,…
To encourage and reward more entrepreneurs to grow and scale their business online, PayMaya, together with Shopify and PLDT Home Biz, have launched the Scale Up promo, offering attractive prizes…
The growth of phishing attacks mimicking e-payment pages was spotted in the run-up to the Black Friday period. The total number of financial phishing attacks disguised as e-payment systems more…
ShopeePay, Shopee’s integrated mobile wallet, partners with more food and lifestyle brands to cater to the growing number of Filipinos patronizing e-commerce platforms and using mobile wallets as an alternative…
According to Miguel Warren, VP and regional head for Southeast Asia at Payoneer, there are roughly 1.5 million freelancers in the Philippines and before the COVID-19 pandemic hit. The country…
Real estate settlements platform AQWIRE has tapped B2B payment gateway Xendit in processing local payments through Direct Debit. AQWIRE customers can use their Philippine bank accounts (Bank of the Philippine…
Digital financial services provider PayMaya won two major awards at the Philippines’ first-ever IDC Future Enterprises Awards. PayMaya was recognized for its innovations that have led to accelerated digital payments…
E-wallet provider GCash, has launched an online shopping insurance, underwritten by PGA Sompo, with Singapore-based regional insurance technology (insurtech) Igloo, to protect its growing online customer base. Through this partnership…
Online payment processor PayMongo becomes the first partner in the Philippines to join Visa’s Rapid Seller Onboarding program. This program simplifies the onboarding process and will enable small to medium…
The key part that cashless payments are expected to play in boosting inclusivity and accessibility in the Philippines is one of several topical issues explored by Simoun Ung, CEO of…
Digital financial services leader PayMaya has expanded its cash in channels to over 90,000 touchpoints nationwide to enable customers will be able to easily fund their accounts, lowering barriers to…
Global Brands Magazine (GBM), a leading UK-based organization that honors excellence by identifying the top brands across various industries, recognized UBX’s BUX as Best Digital Payment Facilitator – Philippines for…
The Bangko Sentral ng Pilipinas recognized PayMaya as an Outstanding Partner at the recently held 2021 Outstanding BSP Stakeholders’ Appreciation Ceremony, themed “Pagpupugay at Pagkilala…sa Gitna ng Hamon ng Pandemya.”…
Manila Doctors Hospital (MDH) tapped PayMaya to enable its healthcare system with digital payment technologies. From on-site medical checkups to drive-thru laboratory services and online health consultations, MDH patients can…
Online transactions with the Land Registration Authority (LRA) may soon be paid using a PayMaya account or any credit or debit, and prepaid card, as well as other e-wallets. The…
To protect customers from financial-related scams such as cloning and skimming, universal bank EastWest and American multinational financial services corporation Visa now offer contactless features on credit and debit cards.…
The country’s top revenue-generating government agencies are now enabled by PayMaya, providing citizens and businesses with a safer and better way to transact using digital payments, both online and face-to-face.…
Indonesian fintech firm Xendit continues to provide individual business owners with a payment platform that is easy to navigate and use. “The pandemic has seen a rise in individual sellers…
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…
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…
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,…
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…
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%…