Tagged: Philippines

June 30, 2026 @ 10:16 pm By Omar Faridi  |  

Mynt Inc., the parent company of the Philippines’ dominant digital wallet GCash, has formally filed paperwork for what would become the country’s largest-ever initial public offering. The move positions the fintech unicorn to raise as much as $1.5 billion by selling up to roughly 12… Read More

June 28, 2026 @ 1:05 pm By Michael Wong  |  

Philippine private equity firm Navegar has secured a $15 million commitment from Sweden’s development finance institution Swedfund for its third private equity fund, adding fresh capital to back mid-sized companies as investors continue to see opportunities in one of Southeast Asia’s fastest-growing economies. The investment… Read More

June 28, 2026 @ 10:07 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is moving to make digital transaction fees fairer and more transparent by requiring banks, e-wallet operators and other payment service providers to justify how they price electronic payment services. Under Circular No. 1238,… Read More

June 22, 2026 @ 4:55 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has increased the maximum repayment period for salary-based consumer loans to seven years, a move aimed at making credit more affordable for borrowers while reinforcing responsible lending standards among banks and other regulated… Read More

June 14, 2026 @ 12:56 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has warned the public against several online lending platforms accused of illegally using the names and regulatory credentials of legitimate financing and lending companies to solicit borrowers. In recent advisories, the SEC flagged Perasayo.com for allegedly using the… Read More

May 30, 2026 @ 8:31 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, and the Insurance Commission highlighted the potential of bundling parametric insurance with credit in enhancing lending to climate-exposed sectors. Parametric insurance provides automatic payouts once predefined weather thresholds are met. When bundled with… Read More

April 12, 2026 @ 12:11 am By Michael Wong  |  

The Philippine Department of Trade and Industry (DTI) has launched a 4 billion peso ($68 million) loan program for micro, small, and medium enterprises, as the government moves to help smaller businesses cope with economic risks linked to the ongoing conflict in the Middle East. Trade… Read More

March 14, 2026 @ 4:39 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has proposed lifting a moratorium on new online lending platforms, reopening the market to new digital lenders while imposing tougher capital, disclosure, and consumer-protection rules on financing and lending companies. The draft circular, published for comment on March… Read More

February 5, 2026 @ 3:35 am By Michael Wong  |  

Cross-border payments in Southeast Asia are shifting from pure remittances to “everyday” obligations, like social security contributions, where compliance and local rails are as important as speed. A new Malaysia–Philippines partnership is betting that overseas Filipinos will be an early driver of that interoperable-payments push…. Read More

February 1, 2026 @ 5:02 pm By Michael Wong  |  

Sovereign wealth funds typically spread capital across global markets. The Philippines’ newest one says it is narrowing its focus instead. The Maharlika Investment Corporation, the Philippines’ sovereign wealth fund, said it will deploy capital in fiscal year 2026 across four strategic pillars — energy, logistics,… Read More

December 22, 2025 @ 12:01 am By Michael Wong  |  

The Philippines’ Securities and Exchange Commission has ordered Trading Point Holdings Ltd, which operates under the XM brand, to immediately stop soliciting investments, saying it was offering products to the public without the required registrations and licenses. In a cease-and-desist order, the regulator directed Trading… Read More

December 13, 2025 @ 2:35 pm By Omar Faridi  |  

GoTyme Bank, which claims to be one of the fastest-growing banks in the Philippines and a JV between the Gokongwei Group and Tyme Group, announced the launch of its cryptocurrency investment feature. This launch was reportedly made possible in partnership with Alpaca, a global player… Read More

December 8, 2025 @ 8:02 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission has sought public comment on proposed rules that would set a regulatory framework for sukuk, as Manila tries to broaden funding options and deepen its capital markets through Islamic finance. In a draft memorandum circular issued on Nov. 26,… Read More

December 7, 2025 @ 8:03 pm By Tony Zerucha  |  

etaily, the Philippines’ digital-native retail platform, has secured new strategic investments led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC), through its SMBC Asia Rising fund, bringing its total funding to over $24 million. Other investors in this round include Kaya Founders, JGDEV of the Gokongwei… Read More

November 23, 2025 @ 10:54 am By Michael Wong  |  

Philippine financial regulators will begin a comprehensive mapping of corporate linkages across the economy next year, as regulators watch property prices and credit growth, the Financial Stability Coordination Council (FSCC) said. The inter-agency body, chaired by central bank governor Eli Remolona, made the project a… Read More

November 7, 2025 @ 4:48 pm By Tony Zerucha  |  

The Hashgraph Group, the Swiss-based Web3 technology and engineering company operating within the Hedera ecosystem, has signed a strategic framework collaboration agreement with the Department of Science and Technology (DOST) – the executive department of the Philippines government responsible for directing, leading and coordinating science,… Read More

November 4, 2025 @ 11:12 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, is pleased to announce its expansion across Asia with a recent partnership in the Philippines. The Insurtech firm said it has signed a deal for its Broking Manager solution with Lacson & Lacson Insurance… Read More

November 2, 2025 @ 12:35 pm By Michael Wong  |  

International boxing champion Manny Pacquiao has launched a new payments platform under 7th Pillar Integration Systems Corp., moving to compete in the Philippines’ fast-growing but crowded digital finance market. The service, branded Manny Pay, is starting as a payment gateway and aims to expand into… Read More

September 27, 2025 @ 9:24 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said it will stop accepting new applications for digital bank licenses from Dec. 1, as the regulator moves to tighten oversight of the fast-growing sector and safeguard financial stability. The suspension follows the… Read More

August 25, 2025 @ 7:48 am By Omar Faridi  |  

The cryptocurrency ecosystem is undergoing a maturation phase, marked by increasing regulatory clarity, growing governmental adoption of Bitcoin as a strategic reserve, and significant market dynamics. Coinbase (NASDAQ:COIN) CEO Brian Armstrong has emerged as an active voice in the web3 space, offering insights into Bitcoin’s… Read More