The Development Bank of the Philippines (DBP), a state-owned financial institution, is intensifying its efforts to support the present administration’s strategic initiatives for food security. According to Michael O. de Jesus, President and Chief Executive Officer of DBP, this includes launching a lending program aimed at revitalizing the local hog industry. Photo above shows DBP […]
The Malaysian Embassy recently hosted an event titled “Investing in Innovation in ASEAN: The Case Study of the Philippines and Malaysia.” This gathering brought together prominent leaders and experts from both nations to discuss advancing digital empowerment and fostering regional cooperation within the ASEAN community. Photo shows (from left:) Jove Tapiador, Co-Founder/VP, Fintech Philippines Association; […]
At its meeting held earlier this week, the Philippine Monetary Board decided to maintain the Bangko Sentral ng Pilipinas (BSP)’s Target Reverse Repurchase (RRP) Rate at 6.50 per cent. The interest rates for the overnight deposit and lending facilities will also remain unchanged at 6.0 and 7.0 per cent, respectively. Risks to the inflation outlook […]
by Jan Michael Carpo, Reporter SAVii, the Philippines’ leading fintech salary lender, has recently been acquired by GoTyme Bank’s primary owners, JG Summit and Tyme Group, to accelerate the digital bank’s expansion into payroll-enabled financial products. Founded in 2017 by CEO Liam Grealish, Benoit Portoleau-Balloy, and Javier Frasseto, SAVii (formerly known as Uploa) has become […]
Skyro, a fast-growing fintech brand in the Philippines, has officially launched its new credit line product, Skyro Pocket. This latest offering from the brand provides customers with a swift and convenient payment solution, enabling them to shop at any QR Ph-enabled merchants nationwide. Skyro Pocket serves as a flexible line of virtual credit provided exclusively […]
The Land Bank of the Philippines (LANDBANK) continues to bolster its commitment to Overseas Filipino Workers (OFWs) aiming to return home permanently and achieve financial security through the Overseas Filipino Workers Reintegration Program (OFW-RP). IMAGE CREDIT: https://www.landbank.com In partnership with the Overseas Workers Welfare Administration (OWWA), the OFW-RP supports OFWs in pursuing business opportunities in […]
Research commissioned by Wise, a global money transfer firm, reveals that 73% of Filipinos still use traditional platforms like domestic banks for international transactions, leading to higher fees. Additionally, only 21 per cent are aware of the “extra costs” charged to them through exchange rate mark-ups. Given the importance of remittances to the Philippines, which […]
Leading telecommunications company PLDT has announced a strategic partnership with global cybersecurity firm Kaspersky to provide robust protection against cyberattacks for its customers. This collaboration underscores PLDT’s commitment to safeguarding its customers in an increasingly digital world. Photo shows (from left): Mike Dionisio, President of Questronix; Jeremiah de la Cruz, SVP and Head of Consumer […]
Skyro, a fast-growing fintech company licensed and supervised by the Securities Exchange Commission (SEC) in the Philippines, announced its partnership with ADVANCE.AI, a leading provider of digital identity verification and risk management solutions in Southeast Asia. Skyro announces partnership with ADVANCE.AI to ensure simpler, safer financial access in PH Launched in August 2022, Skyro offers […]
by Jan Micahel Carpo, Correspondent Kaspersky, a leader in cybersecurity, announced recently that it has intercepted over 61 million brute force attacks on enterprises in Southeast Asia, with more than five million of this number targeting businesses in the Philippines. The company has urged businesses to enhance their digital defenses to avoid financial penalties and […]
