Technology News
Digital financial access has expanded worldwide, but billions of people still cannot fully use financial services such as savings and credit, according to a new global report cited by fintech…
Rizal Commercial Banking Corp. (RCBC) is expanding its RCBC ATM Go network in geographically isolated and disadvantaged areas (GIDAs) using Starlink satellite internet to support digital banking access. RCBC said…
Grab Finance, the financial services arm of Southeast Asia’s superapp Grab, has expanded access to credit across the region after deploying the FICO Platform, helping increase credit offer eligibility rates…
UnionBank of the Philippines (UnionBank) is widely known as one of the country’s earliest adopters of digital banking. Its long-running partnership with Amazon Web Services (AWS) has helped the bank…
At the Manila Tech Summit 2025, fintech firm Pay&Go pushed forward the conversation on financial inclusion, unveiling a cash-out service integrated into its network of self-service kiosks. The feature, showcased…
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…
CIBI Information Inc. has entered into a data-sharing agreement with the Securities and Exchange Commission (SEC) to improve access to verified financial information and support transparency in the business sector.…
On Feb. 5, 2025, leaders of digital payments processor Visa met with officials from the Bangko Sentral ng Pilipinas (BSP) to discuss ways to increase access to financial services and…
The Financial Inclusion Steering Committee (FISC), led by the Bangko Sentral ng Pilipinas (BSP), has launched a website to make financial services more accessible to all Filipinos. The website was…
By Rose Arreco, Business Development Manager of Digido The Philippines’ “fintech-ization” is going from strength to strength. As covered by Back End News, our latest projections reveal that the adoption…
Advance.AI, a provider of digital identity verification and risk management solutions, has partnered with the Credit Information Corp. (CIC) to establish a new credit bureau in the Philippines. Set to…
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…
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…
When CIMB Bank launched in 2018, it introduced digital and embedded banking in the Philippines. One of the first digital banks in the country, CIMB Bank PH enabled a fully…
Paymongo, a Filipino-led payment gateway startup, emphasized the need for companies to create simple and convenient digital financial services to achieve the goal of financial inclusion in the country. At…
DigiCOOP, an online platform for cooperatives and labor unions in the Philippines, has tapped Singapore-based tech startup ADVANCE.AI to power the provision of digital and financial services for its 1.3…
The rising technological challenges facing Philippine cooperatives like mobile wallets and the digital banking system have driven the need to “futureproof” this grassroots sector. A leading online service provider for…
“Broadening the scope of digital financial inclusion in the country can be transformational for Filipinos who lack effective access to formal financial services,” said Pia Arellano, president and CEO of…
Consumer finance company Home Credit strengthens its programs to promote financial inclusion and serve the unbanked and underserved Filipinos in line with the government’s strategy to widen financial inclusion to…
To further help promote sustainable financial behavior and financial literacy among Filipinos, consumer finance company Home Credit Philippines (HCPH), Manila Broadcasting Company (MBC), and local independent media agency PraXis, signed…
UBX, the open financing platform in the Philippines, has signed a strategic partnership agreement with Bayad, the country’s authority in bill payments and Meralco’s full-service fintech subsidiary. Under the agreement,…
The Bangko Sentral ng Pilipinas (BSP) has launched “Open Finance Roadmap 2021-2024” which is aimed to expand financial inclusion in the Philippines. Pre-pandemic, Filipinos with bank accounts stood at 29%.…
Investa, a finalist in Microsoft’s 2020 Emerge X Startup Competition, developed a platform that will provide Filipinos access to low-cost investment opportunities and financial benefits. In its initial deployment, Investa…
Life insurer Pru Life UK introduced the Pru e-FinLit, which aims to educate teachers on financial literacy. More than 1,000 from the Department of Education (DepEd) – Division of Negros…
Just two years after it was launched, UBX Philippines (UBX) open finance platform i2i (island-to-island, institution-to-institution, individual-to-individual) has served the unbanked and underbanked individuals in financially underserved communities across the…
With financial inclusion at the core of its development, Rizal Commercial Banking Corp. (RCBC) officially launches DiskarTech, an app that is intended not only as a payment method but offers…
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…
Citizens will only retain government IDs that include driver's and professional licenses as well as passports.
In the online survey conducted from Aug. 23 to Sept. 25 this year by FINTQ, the financial technology arm of Voyager Innovations, it was found out that not only do…
(From left): Ecosystem Build and Activation Specialist Christine Mallare; DAR Undersecretary for Support Services Emily Padilla; Pag-Ibig Fund SVP Jun Espana, Jr.; DAR Regional Director for Central Luzon Arnel Dizon;…
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