Philippines

Digido has served 1 million customers

Over 3 in 4 of the loans disbursed in 2023 were from repeat customers.
2 days ago

Digido has served 1 million customers

Over 3 in 4 of the loans disbursed in 2023 were from repeat customers.
2 days ago

BSP okays adoption of sustainable finance taxonomy guidelines

It has a “traffic light system” in classifying if finance activities are SFTG-aligned.
6 days ago

PH’s Security Bank digitising its wealth management platform

The bank has partnered with Avaloq to automate and standardize the WM workflows.

Fintech UNOAsia raises $32.1m in pre-series B round

It will support efforts to scale up UNO Digital Bank in the Philippines.

BPI, Helios roll out solar mortgage program in the Philippines

It has a 7% interest rate and has already onboarded 100 new homeowners.

German, Philippine central banks ink MOU for personnel training

Deutsche Bundesbank will carry out training services and advisory assistance for BSP personnel.

SG AI fintechs score funding wins amidst fintech investment downturn

This bucked the global trend, where AI fintechs overall clinched less investments.

PH central bank optimistic it’ll achieve digital payment targets

The country aimed to have 50% of all retail payments be digital by end-2023.

PH bank AUB takes e-wallet overseas with Alipay+ partnership

HelloMoney users can now pay via QR code in South Korea, Malaysia, and Hong Kong.

BPI Debit Mastercard to undergo maintenance on 4 Feb

ATM, e-commerce, and POS transactions will be unavailable from 12AM to 12NN.

Higher loan demand, low credit losses spell better year for PH banks

Philippines’ digital banks will continue to make losses due to weak asset quality.

Majority of Philippine banks to maintain lending standards in Q1: survey

Banks maintained their credit standards for households, corporates in Q4.

SMBC, RCBC ink MOU to promote foreign direct investments to the Philippines

They do this alongside the Philippine Economic Zone Authority.

Mizuho, BPI renew business cooperation agreement

The agreement aims to provide Japanese companies with banking support in the Philippines.

8 in 10 Filipinos say formal credit options more accessible in 2023: Digido

At least 1 in 2 respondents had an outstanding loan from a formal lender.

Security Bank updates terms for cash mgmt, trade finance solutions enrollment form

Notable changes include stating guidelines for T&C changes and its extent of accountability.

Philippine remittances up 2.9% to $3b in November: central bank

Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.