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Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.
CBDC, central bank, digital assets, wholesale CBDC, retail
Mastercard has announced its partnership with Beep in order to provide contactless payments to public transportation in the region of the Philippines.
partnership, public transportation, contactless payments, payments , online payments, mobile payments, digital payments, ecommerce
Digital-only neobank Tonik has optimised its Big Loan solution in order to meet the financial needs of SMEs in the region of the Philippines.
expansion, banking, SMEs, online banking, mobile banking, digital banking, financial services, financial institutions
Salmon has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas to acquire the controlling interest in the Rural Bank of Sta. Rosa.
acquisition, banking, digital banking, online banking, mobile banking, financial services, financial institutions
Singapore-based payment platform for small and medium-sized enterprises (SMEs) HitPay has partnered with Philippines-based super app GCash.
partnership, payment methods, payments , SMEs, paytech, fintech, online platform, digital payments, mobile payments
Global digital payments provider Visa and Philippines-based super app GCash have partnered in a bid to drive financial inclusion.
partnership, product launch, financial inclusion, mobile payments, digital wallet, digitalisation, paytech, fintech
Singapore-based digital bank Tonik has partnered with retailer Home Along to support the growth of the former’s Shop Instalment Loan.
lending, partnership, instalment payments, retail
Philippines-based thrift bank AllBank and payments gateway Dragonpay have partnered to extend QR payments to clients and merchants.
product launch, partnership, QR payments, QR code, paytech, fintech, digitalisation, payments , mobile payments, digital payments, SMEs, merchants, customer experience, payment methods
Philippines-based Cebuana Lhuillier Bank has partnered with Switzerland-based Temenos to modernise its core banking platform.
partnership, banks, cloud banking, financial inclusion, financial institutions
Real-time payments software provider ACI Worldwide has announced a partnership with Philippines-based Security Bank to reshape the bank’s real-time payment hub.
partnership, banking, real-time payments, cloud, digitalisation, paytech, fintech, SaaS
Open Banking Exchange (OBE) has delivered rules and standards for the delivery of Open Finance in the Philippines, taking the role of pilot administrator.
Open Banking, Open Finance, financial inclusion, digitalisation, central bank
The International Finance Corporation has announced its partnership with Bangko Sentral ng Pilipinas and World Bank to launch the Open Finance PH Pilot.
partnership, product launch, mobile banking, online banking, digital banking, banking, Open Banking, Open Finance
UnionDigital Bank has announced its partnership with global technology provider Huawei to offer improved financial tools to clients in the Philippines.
partnership, online banking, mobile banking, banking, digital banking, financial services, financial inclusion, financial institutions
The Bank for International Settlements (BIS) Innovation Hub Singapore Centre has developed the Nexus concept of a multilateral network connecting multiple domestic instant payment systems (IPS).
instant payments, real-time payments, Monetary Authority of Singapore (MAS), PayNow, PromptPay
Open Finance solution provider Brankas has been authorised as a licensed payment service provider after obtaining the certificates in Indonesia and the Philippines.
online banking, digital banking, Open Banking, Open Finance, BaaS
Singapore-based online payment gateway HitPay has partnered with BNPL and finance app BillEase to offer card-free instalment payment options to customers in the Philippines.
BNPL, financing , partnership, SMEs, instalment payments
GoTyme Bank, a Philippines-based digital bank, has partnered with Mambu, a cloud banking platform, to improve access to high-quality financial services.
partnership, banks, digital banking, expansion, cloud
The Department of Trade and Industry (DTI) has partnered with JustPayto, a Philippines-based financial tech firm, to provide digital payments to micro, small, and medium enterprises.
fintech, digital payments, partnership, banks, money transfer
Remittances company Tempo France and Spain-based Elsa Care Technologies have rolled out money transfers to the Philippines.
remittance, remittances, money remittance, cash
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) have launched joint QR payment services, a cross-border payments alternative between the countries.
partnership, QR code, QR payments, cross-border payments, cross-border ecommerce, cross-border logistics, payments , payment processing, real-time payments