The Philippines’ largest fintech industry group is backing the proposal by the Securities and Exchange Commission (SEC) to transfer regulatory oversight of lending and financing companies to the Bangko Sentral ng Pilipinas (BSP). Lito Villanueva, FinTech Alliance PH founding chairman, said the...
GCash for Business, the enterprise arm of the country’s dominant digital wallet, has entered into a partnership with global fintech platform Pine Labs to overhaul its merchant acquisition strategy and modernize payment infrastructure for small businesses. In a statement, Pine Labs said the...
GCash, a Philippines ' finance super app and with a large cashless ecosystem, delivered a pointed message at the 2026 National Innovation Day: artificial intelligence must be built on accountability, or it risks making financial exclusion worse, not better. Speaking before policymakers, tech...
FinVolution Group, an SME-focused financial technology (fintech) firm that entered the local card-based lending market through Luvit Card, is aiming for profitability by 2029, a deferred timeline as the company ramps up spending on consumer awareness and research and development. Luvit Card, a...
Yuchengco-led Rizal Commercial Banking Corp.’s (RCBC) executive called for an overhaul of regulatory frameworks across Asia, urging authorities to move from static oversight to an active partnership model to accelerate digital financial inclusion. Speaking at the Money20/20 Asia conference in...
Maya has been recognized in global rankings by Forbes and The Asian Banker, reflecting the continued growth of its digital banking business operating at scale and achieving profitability. Maya is included in Forbes’ World’s Best Banks 2026 list, marking its fourth consecutive year on the global...
International Finance Corp. (IFC), the private-sector lending arm of the World Bank Group (WBG), will invest up to $25 million in a structured debt fund that will finance financial technology (fintech) companies, including those operating in the Philippines. In an April 13 disclosure, IFC said its...
Around 40 financial technology (fintech) companies are now phasing out one-time passwords (OTPs) in their security systems, as the financial industry races to meet the Bangko Sentral ng Pilipinas’ (BSP) midyear deadline for adopting more advanced anti-fraud systems. Lito Villanueva, founding...
The Securities and Exchange Commission (SEC) is poised to ease the minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move that could clear a major hurdle for the long-anticipated market debut of Globe Fintech Innovations Inc. (Mynt), the operator of e-wallet GCash....
The Securities and Exchange Commission (SEC) has approved a stock split for Globe Fintech Innovations Inc. (Mynt), the owner of GCash, a move intended to lower the per-share price and make the stock more affordable for its long-anticipated initial public offering (IPO). In a disclosure to the...
The Securities and Exchange Commission has called on leaders and innovators in the financial technology sector to help develop a globally competitive capital market. “If we work together—government, industry, and innovators—we can make the Philippines not just a participant, but a leader in...
President Marcos has encouraged the financial technology sector to continue working towards making the country a fintech innovation hub. In his speech at the opening of the Manila Tech Summit 2025 in Taguig City on Aug. 26, Marcos conveyed his vision about the Philippines being a financial...
