Philippines
GCash eyes “biggest IPO” title, overseas expansion in 2024
GCash eyes “biggest IPO” title, overseas expansion in 2024
The Philippines’ biggest payments and mobile wallet floats the possibility of going public soon.
Philippine banks sees lending go up by 7.1% in October
Loans for production activities rose during the month.
PH’s BillEase teams up with Alipay+ to roll out auto-debit feature
It grants merchants pre-authorization to automatically deduct funds.
Philippine banks to see higher credit demand but lower earnings in 2024
The bad loan ratio is expected to deteriorate, but it should be manageable.
Philippine court convicts owner of unregistered money exchange business
The owner and operator of Globexmc can no longer own and operate an MSB.
GCash, agrifisheries platform Mayani to offer loans to rural farmers, fisherfolk
They will jointly underwrite and facilitate loans to Mayani’s 144,000-strong network.
How Open Finance Transforms Emerging Economies Like the Philippines
The financial landscape in emerging markets is undergoing a great shift.
GCash now provides real-time forex rates, translates e-money according to currency
GCash users can use the e-wallet in 17 markets.
PH’s Sarangani Rural Bank ex-officers charged for breaking banking law
They have been sentenced to 5 years’ imprisonment and fined up to $877 each.
Landbank records highest-ever nine-month net income at $558m
Net income jumped 24% during the period compared to a year ago.
UnionBank releases four new credit cards with various benefits
Interested users can choose from retail, cost-saving, travel, and luxury types of credit cards.
How can financial institutions build customer loyalty in the modern era?
It’s no longer just about giving perks, but about offering experiences, industry leaders said.
Tonik digital bank enters the insurance market
The partnership with Sun Life Grepa will offer credit life and disability insurance.
SB Finance highlights four key benefits collaboration can do for the Philippine financial industry
Abbie Casanova, SB Finance’s CEO, said finding the right partner can exponentially increase business fundamentals and market reach.
PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking
They made use of their old payments model and partnerships to scale operations.
Philippines on track to meet digital payments goal: central bank
Nearly 4 in 10 Filipinos now have e-money accounts, says Deputy Governor Tangonan.
Artificial Intelligence can fill the crevices in the banking industry: UnionBank exec
Other potentials of AI in banking could help reach broader markets in the underserved segment of the country.
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The financial institution bagged the ASEAN SME Bank of the Year, SME Bank of the Year - Hong Kong, and SME Bank of the Year - Indonesia.
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