Philippines

JuanHand embeds loans in Shopee, TikTok Shop

JuanHand embeds loans in Shopee, TikTok Shop

The lending app only requires an ID, a smartphone, and an internet connection.
19 hours ago

Security Bank enhances eKYC process in digital app

It has included enhanced fraud detection capabilities, including deepfake prevention.
20 hours ago

Bank of Makati joins the Philippines’ “Piso Caravan” program

There are now 141 financial institutions participating in the program, the central bank said.
1 day ago

Philippine lending app JuanHand, Netbank team up to offer business loans

The loans will be tailored to the businesses’ specific needs, the two fintechs said.
1 day ago

Philippine central bank eyes AI rules for banks

Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
6 days ago

Philippine bank loans up 12.2% in February

Consumer loans to residents rose by 24.1% during the month.
6 days ago

MoneyHero partners with BPI to expand credit card offerings

Users can compare more than 20 credit card options in MoneyHero’s platform.

RCBC boosts rural presence with ATM Go

The service, which allows cardless transfers, is now available in all Philippine cities.

Chart of the Week: 1 in 4 Filipinos have used BNPL services

The number of unique users rose by 40% as of end-2024.

BPI integrates 10 Robinsons Bank branches to branch network

These include 5 branches in Metro Manila and 1 branch each in Cebu and Zamboanga.

Philippine banks report “generally strong” loan growth in Q4

Some major banks’ saw dramatic rises in NPL ratios.

PH banks and insurers face MSME credit gap, AI fraud, climate risk

Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.

Philippine banks and insurers called to pursue human-centred AI adoption

AI adoption should be centered on financial inclusion, customer experience, and personalisation.

Metrobank’s net profit up 14% in 2024 on higher loans and deposits

Its pre-provisioning operating profit fell 11%, however.

Philippine bank lending rises on higher credit card, motor loan demand

Lending to key industries such as real estate and retail trade also rose.