Philippines
Philippine remittances up 3.7% to $2.88b in May
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Philippine banks’ extended 10.1% more loans in May
Loans to residents rose 10.2% and consumer loans jumped 25.6%.
Asian Banking & Finance and Insurance Asia Forum 2024 arrives in Manila this October
Join us as we chart the course for a resilient, innovative, and thriving future in the financial sector.
How GoTyme kiosks transformed grocery stores into banking hubs
The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.
BDO wins big at the Asian Banking & Finance Awards 2024 with groundbreaking innovations
Pioneering financial education, wealth management excellence, and cutting-edge retirement solutions propel BDO to the forefront of the banking industry.
Fintech Paywatch secures $30m in series A funding round
Vanderbilt University and Third Prime led the investment round.
Overseas Filipinos’ personal remittances up 3.1% in April
Remittances from the US, Saudi Arabia, and Singapore all grew.
Alipay+ and GHL enable cross-border payments in the Philippines
Mobile wallets include AlipayHK, KakaoPay, Touch ‘n Go, and Alipay.
Philippines' liquidity at 5.6% YoY in April
It was slower than the 5.7% YoY in March.
Filipinos collectively spent 42 years on digital lending apps in 2023
About 63.4% of the time was spent on platforms offering personal loans.
Philippine’s bank loans expand by 9.6% YoY in April
It was higher than the previous month’s 9.4%.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
GoTyme Bank launches multi-currency time deposit with $1 minimum
The Philippine-based digital bank promises interest rates between 3% to 3.5%.
Philippine central bank eyes developing local capital markets
It will help make the financial system more resilient, the BSP Governor said.
Wise launches in the Philippines with fee-free money transfer service
Users can receive and spend money internationally and create up to 3 cards.
CTBC Bank PH unveils redesigned web interface and mobile banking app
The app features personalised widgets and customisable features.
Thought Leadership Centre
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1. MariBank links remittances to Weixin Pay via TenPay Global 2. How digital payments are forcing QSRs to rebuild checkout and staffing 3. Japanese banks face bond yield shocks as yields hit 2.23% 4. DBS to focus on tech resilience and grow fee income in 2026: analyst 5. DBS pilots Visa Intelligent Commerce for agent-initiated paymentsResource Center
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