News

Superapps like WeChat and Grab are adopting and offering BNPL services to users.

A total of $2.65b in remittances coursed through banks, the central bank said.   Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2.95b in February, according to central bank data.

AI emerges as a leading sector for venture capital, while traditional fintech areas in Asia see reduced funding.

The market is expected to grow by over 11% between 2023-2027.

It will offer real-time data, analytics tools, and educational resources.

It plans to offer virtual accounts, and debit and prepaid cards, amongst other services.

The cash was expected to have served over 8,000 ATMs and branches.

The asset quality of auto finance companies will be tested.

The loan will help entrepreneurs transition their buildings to net zero structures.

LinkedIn unveils companies list where professionals advance the most.

Both equity and debt underwriting fees rose.

The virtual bank examines credit health based on business activities, amongst others.

Two other applications remain under examination.

Foreign investments can now be registered upon registering at any authorized agent bank.

Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.

Loan demand for used EVs rose 30 times compared to launch, the bank said.