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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

China-based Ant Group to launch consumer finance company

News | E-invoicing, SCF & E-procurement | 18 Aug 2020

Ant Group, Alibaba’s fintech arm and mobile payments company, has planned to set up a consumer finance firm in the southwestern city of Chongqing, according to Reuters.

China, Ant Group, consumer finance, fintech, mobile payments, tech, Tencent, ByteDance, financial services, ecommerce, Alibaba Group Holding, financial licenses, payments , online banking, insurance, micro lending, Nanyang Commercial Bank, China TransInfo Technology, Contemporary Amperex Technology