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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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Tonik launches in Philippines

News | Online & Mobile Banking | 19 Mar 2021

Neobank Tonik has launched its services in the Philippines with the aim to deliver financial services to the unbanked.

financial services, Mastercard, debit card

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

Card payments in Philippines will recover with 15.4 percent growth in 2021, forecasts GlobalData

News | Cards | 29 Mar 2021

GlobalData has revealed that card payments in the Philippines, which witnessed a -7.4% slump in 2020, are all set to rebound strongly with 15.4% growth in 2021.

GlobalData, research, report, credit card, debit card

GCash launches QR code-based money transfer feature

News | Mobile Payments | 19 Feb 2021

GCASH has launched QR on Demand, a new feature that allows users to send and receive money using personal QR codes.

GCash, Philippines, Asia, QR code payments, money transfers, P2P payments, mobile payments

7-Eleven Philippines, Plentina partner to offer BNPL option

News | Online Payments | 17 Feb 2021

US-based digital financial services startup Plentina has entered a strategic partnership with Philippine Seven Corporation, the operator of 7-Eleven in the Philippines, to offer customers a buy-now-pay-later option.

7-Eleven Philippines, Plentina, partnership, BNPL, CLiQQ Wallet

Viber enables GCash payments for FoodPH

News | Mobile Payments | 12 Feb 2021

Viber, Globe myBusiness, and GCash have announced a partnership that allows user to make online payments to FoodPH sellers via QR codes from GCash.

Viber, GCash, FoodPH, Globe myBusiness, the Philippines, Asia, mobile payments, online payments, QR code payments

Paymaya enables payments acceptance via social media and chat apps

News | Mobile Payments | 09 Feb 2021

PayMaya has announced the introduction of a new feature on its mobile app that allows online sellers to accept cashless payments on Viber, Messenger, Instagram, and other social media and chat apps. 

PayMaya, Philippines, Asia, online payments, mobile payments, social media, Payment Link, QR code payments

The Philippines proposes industry-led governing body for Open Finance

News | Online & Mobile Banking | 04 Feb 2021

The Philippines’ central bank has proposed the establishment of an ‘industry-led’ self-governing body as it looks to encourage the development of Open Finance.

Philippines, Open Finance, Open Data, Open Banking, BSP, OFOC, API, framework

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

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

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

BSP plans to create self-governing open finance body

News | Online & Mobile Banking | 11 Dec 2020

The Bangko Sentral ng Pilipinas (BSP) has proposed the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework.

BSP, Open Finance, governing body, Philippines, OFOC, open finance oversight committee, Open Banking, Open Data, banks, financial institutions

Viber to launch chatbot payments feature in the Philippines

News | Mobile Payments | 27 Nov 2020

Viber has announced the launch of its Chatbot Payments feature in the Philippines, allowing users to make payments via the messaging app.

Viber, Globe, the Philippines, Asia, product launch, chatbot payments, mobile payments, merchants, remittance

Philippine Central Bank introduces digital banking framework

News | Payments General | 30 Nov 2020

The BSP (Bangko Sentral ng Pilipinas) has approved the recognition of ‘digital bank’ as a new bank category that is separate and distinct from the existing bank classifications, according to Regulation Asia.

Philippine Central Bank, digital banking, banks, regulation

ING launches the ING Pay service in the Philippines

News | Online Payments | 25 Nov 2020

ING Philippines has announced the launch of ING Pay, a virtual payments card linked to the online bank accounts of clients.

ING, ING Pay, service launch, Philippines, Asia, virtual card, mobile payments, online payments, QR code

Philippines-based UnionBank to join BIAN

News | Online & Mobile Banking | 18 Nov 2020

Union Bank of the Philippines has become a member of global banking standard organisation Banking Industry Architecture Network (BIAN), according to the official press release.

UnionBank, Philippines, BIAN, banking standard, Banking Industry Architecture Network, banking technology, banks, fintech, technology provider, banking

WorldRemit waives transfer fees to the Philippines in light of recent natural disaster

News | Online Payments | 05 Nov 2020

UK-based digital payments platform WorldRemit has announced the waiving of their fees on money transfers to the Philippines in light of the recent tropical storm.

WorldRemit, Philippines, Asia, waiving fees, natural disaster, money transfer, remittance

Google and Lazada to offer online sellers free digital skills training courses

News | Ecommerce | 04 Nov 2020

Google has teamed up with Lazada, a Philippines-based ecommerce platform, to offer free online training courses to equip online sellers with digital skills ahead of the holiday shopping season.

Google, Lazada, Philippines, Asia, partnership, training courses, digital skills, merchants, online sellers, business strategy, digital marketing

PayMongo, Vesta partner to boost fraud detection capabilities

News | Digital Identity, Security & Online Fraud | 03 Nov 2020

Philippines-based online payment processing platform PayMongo has announced its partnership with US-based fintech Vesta to boost its fraud detection capabilities.

PayMongo, Vesta, Philippines, Asia, fraud prevention, merchants, API, e-wallet, card payments, online payments, Series A funding, funding round, real-time decisioning platform

Philippines banks to encourage microfinance and e-wallets services use

News | Payments General | 02 Nov 2020

Most Philippines banks are now geared toward microfinance and digital wallets to widen their reach among the micro, small, and medium enterprises (MSMEs) and the unbanked sector.

Philippine, banks, e-wallets, micro lending, payment digitalisation, mobile payments, retail payments