Special Report by Franzel Daleon, Correspondent The Philippine digital finance sector is ablaze with innovation, a battleground where digital banks, e-wallet titans, and legacy institutions clash for the hearts and wallets of digitally savvy Filipinos. From aggressive product launches to strategic alliances, the race is on to redefine the nation’s financial landscape. The Bangko Sentral […]
Tala, a digital finance firm, is poised for global expansion through a recent US$48.5 million loan agreement with Maya, one of only six licensed digital banking players authorized by the Bangko Sentral ng Pilipinas (BSP) in the country today. Photo shows Angelo Madrid (center), President of Maya Bank, together with Charisse Alvarez (right), President and […]
Customers of UNO Digital Bank will now have access to GetPaid’s earned wage access platform, allowing them to access a portion of their earned wages in real-time To provide greater financial inclusion services to Filipinos, UNO Digital Bank (UNO) has announced recently that it has partnered with GetPaid, a team of financial well-being experts whose […]
BMI Industry Research, a division of Fitch Group, is optimistic about the Philippines’ fintech industry, particularly its potential for reaping profits. Nevertheless, it also cautioned investors to be wary of the hazards. Based on the firm’s analysis, the risks are much higher in Indonesia and the Philippines, but these countries offer far more opportunities for […]
by Bhea Baarde, Correspondent A number of account holders of ING, The Netherlands-based digital bank, expressed dismay after the firm announced in late June this year plans to close down its retail operations in the Philippines. In a press release, ING announced that it will quit its 4-year-old retail banking business before the end of […]
