Philippines
GCash eyes easier payment checking for SMEs
GCash eyes easier payment checking for SMEs
The Philippines’ biggest fintech platform is targeting the retail sector.
Maya disbursed $1.16b in loans in 2024
It now holds almost $666.9m in deposit balances.
Philippine banks’ loans up 11.1% in Nov 2024
Loans to residents grew faster whilst loans to non-residents slowed.
Philippine digital lending may exceed $1b in H2 2025
Digital lenders may make up 55.2% of the market share, says Digido.
BDO names Jeffrey Alejandro as chief audit executive and IAG head
He worked for ING Bank NV and Citibank NA previously.
UnionBank names Vivian Perez as financial risk and performance head
The appointment was effective 2 January 2025.
GoTyme Bank reaches 5 million users in 2024
The bank is aiming to reach 9 million customers by end-2025.
Fitch forecasts growth in Philippine Islamic finance sector
The government plans to incorporate sukuk in its 2025 financing mix.
Security Bank, FWD Philippines extend strategic partnership
The Philippines’ rising income per capita represents opportunities for expansion.
Principled AI key to transformation of financial services
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
RCBC names Anthony Cariaso as deputy CEO
The Philippine bank announced a slew of leadership changes.
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
Cross-border shopping, e-wallets to shape Philippine payments in 2025
Evolving security frameworks will also redefine the payments experience, says Visa.
BSP underscores PH's potential as investment destination for Islamic finance
This is thanks to the country's drive for financial inclusion and robust economy amongst others.
Philippine bank loans up 10.6% in October
Consumer loans grew by 23.6% in the same month.
MUFG Bank sells 25% stake in Home Credit PH for JPY26.5b
Security Bank, which is 20% MUFG-owned, is buying the HCPH stake.
GCash eyes 2025 IPO, looking to raise up to $1.5b
If successful, this is slated to be the biggest IPO in the Philippines.
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