Globe Telecom’s 917Ventures startup company FundSpace, a leading loan aggregator dedicated to facilitating financing for businesses of all sizes, has entered into a strategic partnership with BPC Lending Inc. In a statement, Globe said this move is set to revolutionize the accessibility of...
Senator Sherwin Gatchalian on Sunday, June 25 urged the public to be wary of finance applications that can be downloaded online on Google Play or Apple Store and other websites but are actually lending applications that victimizes oblivious customers. ...
Debtors deserve to be treated fairly and with dignity. That is the message of Senate Majority Leader Joel Villanueva when he filed a resolution which seeks to investigate the rise of unauthorized and unregistered online lending platforms in the country and victimizes hundreds of vulnerable...
An online lending company in Barangay San Miguel, Pasig City was raided by operatives of the Philippine National Police - Anti-Cybercrime Group (ACG) on Tuesday, May 16, for allegedly threatening and harassing its customers who have failed to pay their loans. The company was identified as Realm...
With just a P1000 loan, Tala helped Aimee achieve her dreams of starting her own business, allowing her and her family access to more opportunities. Digital alternative finance channels are giving millennial micro-small-and-medium-enterprise (MSME) owners more capital to fund their businesses,...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Fast Coin Lending Corp. to operate as a lending company for inactivity and its continuous non-compliance with disclosure requirements. In a statement, the SEC said Fast Coin has committed several...
The National Privacy Commission (NPC) has amended certain provisions of its Circular No. 2020-01, tightening the guidelines in the processing of personal data for loan-related transactions by lending firms and protecting references and guarantors used in loan applications. The new NPC Circular No....
The Securities and Exchange Commission (SEC) has has filed criminal complaint against Suncash Lending Investors Corp., UCash Lending Investors Corp., Suncredit.ph Finance Corp., and ECredit Finance Inc. for operating unregistered online lending platforms (OLPs). The SEC Enforcement and Investor...
Anti-cybercrime operatives of the Philippine National Police (PNP) arrested a total of 83 people in a raid on the office of an alleged illegal online lending agency in Sampaloc, Manila. Police Brig. Gen. Joel Doria, director of the PNP-Anti-Cybercrime Group (ACG), said those arrested were the ones...
AWARD FOR NVC –The Negrense Volunteer for Change (NVC) Foundation led by its president Millie Kilayko (second from right) was conferred the Parangal Lingkod Sambayanan award during the special academic convocation for Traditional Awards of the Ateneo de Manila University (ADMU) in Manila Tuesday,...
The Securities and Exchange Commission (SEC) has cancelled the lending license and corporate registration of Flying Bear Lending Corporation which is operating as Yopeso, Morepeso and Rapidpeso. In a statement, the commission said the cancellation is due to the firm’s failure to disclose its...
In the Philippines, many adult Filipinos still find it difficult to apply for loans. However, the heavy demand for digital transactions and experiences, accelerated by the Covid-19 pandemic, brought opportunities that led to revolutionizing lending to unbanked Filipinos towards a more...
