Financial technology (fintech) is democratizing access to financial services, especially in developing countries like the Philippines and super apps like are becoming the trend as both businesses and consumers take on more loans. These are the top trends in Southeast Asia as the region of over 600...
Bayad and PCI Bayad continues to trailblaze the fintech industry being the trusted brand in the outsourced payment collection service in the Philippines. Having aggregated a multitude of billers that are now being used by more than 100,000 physical touchpoints and leading digital and mobile...
69769 To curb possible misuse of mobile wallets for illegal vote-buying in the May 9, 2022 elections, fintech companies pledged to implement safeguards in user onboarding and account verification processes to allow transactions to be traced easily. The fintech companies made the commitment during...
65270 As demand for digital financial solutions skyrocketed in the pandemic, local open finance platform UBX quintupled its revenues last year and expects to sustain its growth momentum in 2022. In 2021 alone, UBX hauled in P20 billion in annual gross transaction value serving over 200,000 business...
More than 71% of Filipinos remain unbanked and have zero access to financial services, based on the 2019 survey of the Bangko Sentral ng Pilipinas (BSP). This unbanked sector includes aspiring entrepreneurs and MSMEs resulting in their inability to secure funding and support to expand their...
Logo Homegrown fintech startup NextPay, which was launched in the middle of the 2020 pandemic, posted more than P1 billion in total transactions in 2021 and expects to continue its growth momentum this year. “The year 2021 was a banner year for NextPay. From being part of the Y Combinator Program...
Have you ever heard of ‘financial stress?’ According to experts, this condition refers to that state of anxiety or emotional tension related to money, debt, and expenses. Money, in fact, is one of the most universal sources of stress. Financial stress has been found as one of the main concerns...
The Open Finance system and the comprehensive finance API platform stand to revolutionize the growth of the MSMEs in the Asia-Pacific region, specifically the Philippines. Its forecasted trajectory of growth can be instrumental to finally providing financial access to the underserved and...
Editorial Government trained its sights last week on financial technology (or ‘fintech’) companies as the Secretary of Finance instructed the Bureau of Internal Revenue (BIR) and the Securities and Exchange Commission (SEC) to ensure that these are properly regulated and taxed while encouraging...
The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
Local financial technology platform Cashalo has kicked off its Visayas- Mindanao expansion through the launch of Shop Now, Pay Later service in Cebu. Photo 2 Cashalo partnered with Robinsons Department Store-Fuente Cebu, Robinsons Department Store-Galleria Cebu, Gear Up-Jakosalem Cebu, Spyder-SM...
Independent player Seaoil Philippines is innovating on a ‘price hedging strategy’ that will allow its business and retail customers to save on their fuel budgets despite the astronomical rise of prices of oil commodities in the world market. Through its tie-up with fintech company LOCQ OPC,...
