Tagged: Philippines

Rewire Insurance to Cover Migrants’ Families in the Philippines

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Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More

Aussie Fintech Peppermint Innovation Granted License to Operate as E-Money Issuer in the Philippines

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Peppermint Innovation (ASX: PIL) has reportedly been granted a license in order to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines, “in one of the biggest regulatory milestones achieved by the company.” The EMI license authorizes the company “to… Read More

Netbank Introduces Netizen Mobile Banking App as a “One-Stop” Banking Solution

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Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.” With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy,… Read More

Netbank Partners with V5 Pay Philippines to Enable SMEs with Secured Payment Experience

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Netbank has reportedly entered a partnership with V5 Pay Philippines in order to enable its partner merchants, from micro, small, medium enterprise (SMEs) and large corporations, “with a more seamless and secured payment experience.” The roll-out of these schemes will “allow the V5 Pay platform… Read More

Digital Banking: Philippines based Netbank Enhances Kayamo’s Loan Payout, Payment Collection Process

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Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

Philippines based Fintech Voyager Innovations Secures $210M from Susquehanna, KKR, Tencent

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Philippines-based Fintech Voyager Innovations has acquired $210 million in capital from trading and investment company Susquehanna International Group and existing backers such as US-based private-equity company KKR & Co. and Chinese tech firm Tencent Holdings Ltd. The operator of payment and financial services app PayMaya… Read More

SEC in the Philippines Issues Licenses to Crowdfunding Platforms, SeedIn Technology and Eastern Securities Development Corp

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The Securities and Exchange Commission (SEC) in the Philippines has reportedly granted crowdfunding permits to SeedIn Technology and Eastern Securities Development Corporation. The licenses should allow the business entities to serve as crowdfunding intermediaries and provide crowdfunding portals, offering the Southeast Asian country’s SMEs with… Read More

Philippines based Fintech PayMongo Acquires $31M via Series B Round

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PayMongo, an online payments Fintech in the Philippines, has secured $31 million via a Series B round from JAM Fund, the venture capital firm of Tinder co-founder Justin Mateen, and other investors including ICCP-SBI Venture Partners and Kaya Founders. Super thrilled to announce @paymongo has… Read More

Philippines based Crypto Exchange PDAX Acquires $50M from Tiger Global, Others

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Home-grown startup PDAX (in the Philippines) has announced that it acquired over $50 million in funding, led by Tiger Global. Tiger’s investment completes the firm’s Series B round of funding, which began with $12.5 million back in August of last year. Alex Cook, Partner, Tiger… Read More

Tonik, a Philippines-Based Neobank, Attracts $17M Pre-Series B

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Philippines neobank Tonik announced this week it has raised $17 million in Pre-Series B funding. The news follows less than one year after Tonik’s March 2021 public launch that saw it secure more than $20 million in retail deposits in under one month – a… Read More

BNPL Fintech Plentina Teams Up with Southeast Asia’s Digital Retailer ZALORA

Buy Now Pay Later BNPL

Plentina, a Buy Now Pay Later (BNPL) Fintech focused on serving emerging markets, has teamed up with Southeast Asia’s digital retailer ZALORA in order to provide its short-term financing option. Residents of the Philippines may download the Plentina app to access loans valued at up… Read More

Pine Labs Subsidiary Qwikcilver, a Provider of Digital Gifting Solutions, Partners with Philippine Airlines

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Qwikcilver, a subsidiary of Pine Labs and provider of end-to-end gifting solutions, has teamed up with the Philippine Airlines (PAL) for its digital gift card program. Developed with assistance from travel tech firm Amadeus, this particular program will help PAL to further improve customer satisfaction… Read More

Marqeta Certified to Operate in Singapore, Thailand and Philippines

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Marqeta (NASDAQ: MQ) is now approved to operate in Singapore, Thailand, and the Philippines, according to a statement from the company. The “modern card issuing platform” is now certified to operate in 39 different countries. Marqeta says it will open an office in Singapore in… Read More

Virtual Banking: Philippines based Netbank Introduces Netizen Mobile Banking App in Beta Mode

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The Netizen Mobile Banking App by Netbank is reportedly scheduled to launch its Beta Release Testing Program during the fourth week of January 2022 which will provide participants an opportunity to experience the platform’s banking services and features. As mentioned in a release shared with… Read More

CIMB Philippines Teams Up with Digital KYC Tech Provider Zoloz to Streamline Virtual Banking Services

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CIMB Philippines recently revealed that it has teamed up with Zoloz, an e-KYC tech provider, in order to enhance its virtual banking services. The banking institution will reportedly use Zoloz’s digital KYC solution for supporting secure and seamless customer onboarding as well as an improved… Read More

Union Bank of the Philippines to Implement METACO’s Digital Asset Management Services

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METACO, the provider of security-critical software and infrastructure to the digital asset ecosystem, has announced that Union Bank of the Philippines is implementing its digital asset management services. As noted in an update shared with CI, UnionBank is deploying services on IBM Cloud, in order to… Read More

Philippines based Netbank Introduces a Payments Service to Support Digital Commerce

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Netbank, the banking as a service platform, has introduced a service that allows international payment firms to support various transactions in the Philippines. As mentioned in an update shared with CI, the Philippines has a fast-growing international trade market. Global trade in goods has has… Read More

Asia United Bank and Wallyt to Support Mastercard Acceptance via QR Codes in the Philippines

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Asia United Bank (AUB), one of the fastest-growing publicly listed universal banks, has teamed up with Wallyt, a virtual banking solution provider, in order to offer a card payment acceptance solution for merchants though a card QR code or link. Wallyt is a Hong Kong-headquartered… Read More

Investree and Netbank to Increase Support for SMEs in the Philippines

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Investree reveals that it has strengthened its commitment to support the development of SMEs across the Philippines by working cooperatively with Netbank, a banking as a service platform in the Southeast Asian country that offers “low-cost and high-quality banking services.” Via the collaboration, Netbank allocated… Read More

Open Banking Exchange (OBE) Chosen by IFC to Conduct Open Finance Program in the Philippines

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As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

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