Digital-only commercial bank CIMB Bank Philippines has set its sights on processing up to ₱500-million worth of monthly transactions with its brand-new product, CIMB Pay, this year.Speaking to reporters last Monday, Feb. 17, CIMB Philippines CEO Vijay Manoharan said the digital bank’s monthly...
Sy family-led BDO Unibank has advised its customers about the upcoming deactivation of the old BDO Digital Banking app. In an advisory on Wednesday, July 31, the country’s largest bank by assets said its customers must transition to the new BDO Online banking app before Aug. 19,...
GCash (G-Xchange, Inc.), the country's top financial app, has "no plans to get a digital banking license at the moment", although it's not saying never, the company told Manila Bulletin.
Asked what Gcash can do that a digital bank cannot do, the company responded,
"Our position as a...
Local finance app GCash is unfazed over its closest competitor Paymaya's move to open a digital bank.
“We don't believe that having a digital banking license is a silver bullet or magic," GCash President and CEO Martha Sazon maintained.
"It's not like a signboard that you just turn on...
All financial institutions will eventually find themselves needing to readjust to the realities of outside events and internal pressures, and retail banks are no exception. Today, retail banks and other financial institutions are faced with a choice: undergo digital banking...
Tonik First Anniversary
Tonik, the Philippines' first digital-only neobank, marks its first year of operations in the country today. With its industry-leading deposit rates of up to 6% per annum (p.a.) and unique product offerings, the neobank was able to provide Filipinos a game-changing way to...
Ding, the fastest way to send international mobile top-up, today launched the second Ding Global Prepaid Index (GPI) in which Filipinos top the global tables when it comes to prepaid products, preferring them to billpay options.
Philippines GPI Report
Mark Roden, CEO of Ding, said:...
Aboitiz-led Union Bank of the Philippines (UnionBank) is widely-known to have been trailblazing many firsts in the country since it began operations forty years ago. UnionBank has always been among the first to embrace technological innovations to empower its customers into the future of...
The pandemic has drastically changed the way of life for most people all over the world. In the Philippines, the steady increase in safety and health measures resulted in a radical adoption of e-commerce, and subsequently, online and digital banking.
In many ways, the Filipino community is...
Offering invaluable service to Cebuanos after ‘Odette’
Marking another milestone in its bank transformation efforts, Aboitiz-led Union Bank of the Philippines (UnionBank) opened its 150th Ark branch in Cebu last November 29, 2021.
Aimed at continuing to provide superior customer...
Robinsons Bank (RBank), the financial services arm of the Gokongwei Group, has once again caught the eye of the global landscape with its various product innovations that have earned distinction in 2021.
RBank was recognized as “Most Innovative Digital Banking Services – PH...
Tech firm Voyager Innovations raised US$167 million (P8.15 billion) to establish a digital bank via its financial technology arm, PayMaya Philippines (PayMaya).
Existing shareholders PLDT Inc., global investment firm KKR and leading Chinese tech firm Tencent participated in the fund-raising,...
