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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
A group of investors, including China-based Tencent and KKR, have announced an investment of up to USD 120 million for Voyager Innovation, a Philippine-based tech company.
PayMaya, China, Tencent, KKR, investment, Voyager, Philippine, e-wallet
DOF has considered the establishment of an e-invoicing system by 2020, to allow the implementation of a value-added tax refund system for tourists.
DOF, e-invoicing, value-added tax, Philippine, South Korea, financing
Private equity company KKR and Tencent have announced the acquisition of a minority stake in the fintech arm of Philippines’ PLDT.
KKR, Tencent, PLDT, Philippine, fintech, acquisition, Voyager Innovations, digital payments, online shopping, remittance, online payments
Grab has planned to expand its payments offering after obtaining an electronic money issuers’ (EMI) license from Bangko Sentral Pilipinas (BSP).
online payments, Grab, Philippine, payments offerings, mobile wallet, Bangko Sentral Pilipinas