Monday, September 27, 2021
BSP digital bank

BSP no longer entertains submissions of digital bank license starting August 31

Effective by the end of August, Bangko Sentral ng Pilipinas (BSP) will no longer accept applications for digital bank licensing. According to BSP, the decision is "in line with the overall thrust...
Steam GCash

Buy your games in Steam now with GCash!

Steam announced that it added GCash to its list of payment methods on the platform. So now we have GCash, PayPal, Visa, MasterCard, and eClub Points. Steam authorizes this new payment through...
Lyka

BSP directs Lyka to halt operations as OPS

The Bangko Sentral ng Pilipinas (BSP) ordered Lyka to halt its operations as an Operator of Payment System (OPS) and urged to register first as one. This is because the social...
Komo app features Generate Bank Certificate

Generate Bank Certificate feature now available in Komo app

EastWest Bank's Komo launched its Generate Bank Certificate feature on the app. The feature is user-friendly, where users can generate a bank certificate directly from the app. This makes it more convenient...
ECPay, 7-Eleven loan options from PSBank

PSBank customers can pay loans via ECPay, 7-Eleven

PSBank partnered with ECPay that allows customers to pay their loans through ECPay and 7-Eleven.  These loan options include Auto Loan, Home Loan, Flexi Personal Loan, and Business Loan. This means users...
PayMaya digital bank

PayMaya gets USD167 million for digital bank expansion

Voyager Innovations announced that it raised USD167 million (PHP8.1 billion) for PayMaya's digital bank expansion to offer more financial services in the Philippines. Existing shareholders PLDT Inc., Kohlberg Kravis Roberts & Co....
PayMaya Claim Anywhere service

You can now collect funds via Smart Padala with PayMaya’s Claim Anywhere service

PayMaya added Claim Anywhere service for users to send remittances or collect funds at any of the over 40,000 Smart Padala agents nationwide. Senders only need the recipient's mobile number to send...

Tonik to start charging PHP 25 fee for select cash-in transactions by July 5

Starting July 5, digital bank platform Tonik announced a fee of PHP25 for top-up or cash-in transactions via debit card, GCash, and 7/11 channels. Tonik explained that said transactions cost them about...

Lighthouse Canton establishes venture capital, private equity capability

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Singapore-based wealth and asset management firm Lighthouse Canton announced establishing a capability to help better serve this growing market. This is in response to address investors' challenges with their portfolios to...

Xendit makes payment simple for individual sellers, entrepreneurs

Fintech solutions Xendit brings a world-class platform for individual business owners in the Philippines to settle payments quickly and securely. Xendit's platform handles payments for the sellers, allowing entrepreneurs to focus on...
GCash cryptocurrency

GCash considering cryptocurrency to its services

Globe Telecom's mobile wallet GCash revealed to explore the possibility of adding cryptocurrency to its financial products and services. GCash president and chief executive officer Martha Sazon said it will include offering,...
e-payment fraud

‘E-payment Fraud:’ What is it and how to prevent it?

E-commerce has been significantly growing— even more so by the COVID-19 pandemic. Alternatively, however, this also led to an equivalent increase of fraudulent activities worldwide. One of the most notable is...
GCash cash-ins via 7-Eleven charges

GCash cash-ins via 7-Eleven to require fee beginning May 17

GCash customers will need to pay a fee when cashing in via 7-Eleven starting May 17. Previously, customers can deposit money in their GCash accounts via 7-Eleven free of charge. Starting May...
Landbank DOBS Mobile

Landbank rolls out DOBS Mobile

Land Bank of the Philippines (Landbank) launched its Digital Onboarding System (DOBS) Mobile for Filipinos quickly open their savings account through the mobile app. Customers can quickly glance at their ATM savings...
Kaspersky threat intelligence

Financial sectors needs to improve threat intelligence — Kaspersky

Kaspersky advised financial sectors to integrate security and improve their threat intelligence capabilities as digital money transactions surge amid the pandemic.  "For the large majority of cybercriminals, easy money is the prime...

CIBI, ADVANCE.AI expands business support, services in PH

Philippines' credit bureau agency, CIBI Information Inc (CIBI), partnered with Singapore-headquartered AI company ADVANCE.AI to expand business intelligence support and services for local businesses through AI and computer vision technology. CIBI is a privatized agency...
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APLICATIONS

Giving Hero empowers NGOs through mobile app

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Giving Hero is an entrepreneur incubatee of the University of the Philippines - Diliman's UPSCALE Innovation Hub supported by the Department of Science and...

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