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Discover all the payments and fintech-related news and analysis about Philippines in The Paypers News, Reports, along with other Philippines-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Philippines in The Paypers News, Reports, along with other

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Robocash announces launch of BNPL service in the Philippines

News | Online Payments | 24 Dec 2020

Peer-to-peer lending platform Robocash Group has announced the launch of a buy now pay later (BNPL) service called UnaPay in the Philippines.

P2P, lending platform, Robocash Group, launch, buy now pay later, BNPL, UnaPay, the Philippines, peer-to-peer

Mocasa's Buy Now, Pay Later launches in the Philippines

News | Mobile Payments | 24 Jan 2022

Philippines-based BNPL provider Mocasa has officilially launched its Buy Now, Pay Later services in the Philippines, providing customers with a mobile payment option.

BNPL, mobile payments, instalment payments, merchants, QR code, QR payments

Remittance growth from overseas Filipino workers to slow amid COVID-19

News | Payments General | 20 Apr 2020

Cash remittances from overseas Filipino workers (OFWs) could drop as much as USD 6 billion in 2020.

cash remittances, payments , cash, COVID-19, study, Philippines

Tinkoff selects Finastra for its expansion into the Philippines

News | Online & Mobile Banking | 16 Dec 2021

Tinkoff, a digital-only bank, has selected Finastra’s Fusion Essence Cloud core banking solution to power its expansion into the Philippines.

digital banking, banks, Finastra, expansion, partnership, cloud, SaaS

GCash to help taxis shift to cashless payments in Philippines

News | Mobile Payments | 22 May 2020

The Department of Transportation has announced that the Philippines-based mobile wallet GCash will provide taxis with cashless payments system in Manila.

GCash, cashless payments, Philippines, mobile wallet, PowerPay+, COVID-19, Squidpay, PayMaya, Beep

Netbank launches Netbank Virtual

News | Online & Mobile Banking | 15 Feb 2022

Netbank, a fully regulated bank that offers Banking-as-a-Service (BaaS) solutions has unveiled Netbank Virtual, an openly accessible web-based platform where anyone can browse, test, and integrate Netbank's financial products and solutions.

product launch, digital banking, fintech, BaaS, financial services

Lazada shows shifts in Filipinos' consumer behaviour during the pandemic

News | Ecommerce | 03 Jun 2020

Singapore-based ecommerce platform Lazada has revealed shifts in Filipinos’ consumer behaviour amid the coronavirus pandemic.

Lazada, ecommerce, consumer behaviour, APAC, Philippines, digital bills, cashless payment options, credit cards, LazWallet, online transactions, COVID-19

Tonik secures USD 100 mln in consumer deposits

News | Online & Mobile Banking | 09 Dec 2021

Singapore-based digital bank Tonik has secured 100 million in consumer deposits within 8 months after launch, having previously achieved USD 20 million in deposits in 1 month after launch.

banks, digital banking, lending, cloud services, neobanks, Mastercard

Lazada rolls out public bug bounty programme

News | Digital Identity, Security & Online Fraud | 28 Jun 2021

Lazada, a Philippines-based ecommerce platform, has announced the rollout of a public bug bounty programme.

Lazada, cybersecurity

Netbank launches as a BaaS platform operating via banking licence in Southeast Asia

News | Payments General | 15 Jun 2021

Netbank, a banking as a service platform in the Philippines, has been launched by an experienced team of international and Filipino bankers.

fintech, mobile banking, online banking, API, banking licence

BSP to work with German regulators

News | Payments General | 09 Jul 2020

The Bangko Sentral ng Pilipinas (BSP) has announced working with the German government to bring the issue of the missing USD 2.1 billion Wirecard money to rest.

BSP, Germany, The Bangko Sentral ng Pilipinas, BSP, Wirecard, BDO Unibank, Bank of the Philippines Islands, BPI, AMLC, National Bureau of Investigation

Aiah, Brankas offer direct debit bank transfers as payment option

News | Online Payments | 15 Jul 2021

Aiah, a Philippines-based process automation company, has partnered with Brankas, an Indonesia-based financial software and solutions provider, to offer direct debit bank transfers as a payment option for their MSME merchants and enterprise clients.

Open Banking, SMEs, merchants, payment methods

Shopee observes digital payments increase in the Philippines

News | Online Payments | 14 Jul 2020

Shopee has revealed three observations regarding the acceleration of digital payments in the Philippines.

Shopee, digital payments, Philippines, coronavirus, online shopping, ShopeePay, National Capital Region

PHLPost, UBX partner for financial services

News | Online & Mobile Banking | 12 Jul 2022

The Philippine Postal Corporation (PHLPost) has partnered with Philippines-based Open Finance platform UBX to launch Kasama Lahat, which will transform the country’s premier postal agency into a modern hub that offers financial and data services.


partnership, Open Finance, financial services

UnionBank to acquire Citigroup's Philippine consumer banking business

News | Online & Mobile Banking | 23 Dec 2021

Philippines-based UnionBank has announced it will buy Citigroup's consumer banking business in the country for at least USD 908 million.

acquisition, banks, digital banking

Philippines' Mynt raises USD 175 mln to build on mobile payments surge

News | Mobile Payments | 12 Jan 2021

Philippines-based fintech arm of telco operator Globe and of e-wallet GCash, Mynt, has raised USD 175 million in funding.

Mynt, fundraise, ASP Philippines, PE fund, mobile payment, Ant Group, Alibaba, Philippines

O-CITY partners with Land Bank Philippines to power contactless payments

News | Online Payments | 19 Mar 2021

BPC's smart city payment division, O-CITY, has announced partnering with Philippines-based Land Bank to modernise digital payment in Public Utility Vehicles (PUVs).

online payments, contactless payments, Mastercard, credit card

Philippines central bank sets regulations for digital banks

News | Online & Mobile Banking | 26 Jan 2021

Philippines central bank, the Bangko Sentral ng Pilipinas (BSP), has issued Circular No. 1105, series of 2020, the guidelines on the establishment of digital banks.

Philippines, BSP, guidelines, digital banking, online banking, banks, e-banking, financial products, banking services

CellPoint Digital augments Cebu Pacific's payment methods

News | Mobile Payments | 11 Nov 2021

UK-based fintech CellPoint Digital has partnered with Philippines-based airline Cebu Pacific to implement new alternative payment methods.

partnership, payment methods, mobile payments, product upgrade, payment processing, Acquirer

PayMaya changes to Maya

News | Mobile Payments | 02 May 2022

Philippines-based digital financial services company PayMaya has been rebranded as part of the launch of licensed digital lender, Maya Bank.

product upgrade, digital wallet, cryptocurrency, digital payments, insurance