Tagged: Philippines

September 28, 2026 @ 12:14 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP) has set a minimum capital requirement of ₱1 billion (about $16 million) for thrift, rural and cooperative banks that shift to business models similar to digital banks, as the central bank moves to strengthen safeguards around digital transformation in… Read More

September 23, 2026 @ 12:48 am By Michael Wong  |  

Mynt Inc., the parent company of Philippine e-wallet GCash, has received approval from the Philippine Stock Exchange (PSE) for an initial public offering that is set to become the largest in the exchange’s history, marking a major test for investor appetite for the country’s fintech… Read More

September 14, 2026 @ 1:20 am By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has proposed amendments to the country’s crowdfunding rules that would raise the amount companies can raise through online platforms while introducing additional safeguards for retail investors. The proposed framework would allow issuers to offer up to 25 million… Read More

September 7, 2026 @ 10:01 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has approved an initial public offering (IPO) by Mynt Inc., operator of the GCash mobile wallet, that could raise up to 92.32 billion pesos ($1.6 billion), potentially making it one of the country’s largest-ever listings. The regulator approved… Read More

September 2, 2026 @ 1:07 am By Michael Wong  |  

Ant International’s Alipay+ has connected with the Philippines’ national QR payment system, allowing international visitors to pay merchants through supported overseas e-wallets and banking apps. The integration with QR Ph means participating merchants can accept payments from Alipay+ partner users through their existing QR codes… Read More

August 23, 2026 @ 6:00 pm By Michael Wong  |  

Asia-Pacific central banks have agreed to strengthen cooperation on artificial intelligence and scam prevention as financial authorities grapple with emerging risks to consumers and the region’s financial systems, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Eli Remolona Jr. and his counterparts approved initiatives… Read More

August 16, 2026 @ 12:58 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said lowering transaction costs could encourage greater use of digital payments in the Philippines, but stressed that affordability is only one of several barriers preventing Filipinos from participating fully in the formal financial… Read More

August 9, 2026 @ 11:12 am By Michael Wong  |  

Philippine digital bank Maya has called for the country’s financial inclusion efforts to move beyond expanding account ownership and focus more on whether consumers are building savings, gaining access to responsible credit, and becoming more resilient to financial shocks. Formal account ownership in the Philippines… Read More

August 8, 2026 @ 7:26 am By Michael Wong  |  

The Philippines is emerging as one of the most attractive fintech markets in the region as limited access to formal credit leaves significant room for digital financial services providers to expand, according to BillEase co-founder Georg Steiger. “The Philippines is the most exciting fintech market… Read More

August 4, 2026 @ 7:08 am By Omar Faridi  |  

Apple’s (NASDAQ:AAPL) mobile payment platform has officially become available in the Philippines, allowing consumers to make contactless transactions using their iPhones and compatible Apple devices. The long-anticipated expansion lets eligible users add supported debit and credit cards to the Wallet app and complete payments with… Read More

July 26, 2026 @ 12:22 am By Michael Wong  |  

Cash remittances sent home by overseas Filipinos rose 2.0% in May from a year earlier to $2.71 billion, extending steady growth that continued to support household income and domestic demand, central bank data accessed by CrowdFund Insider showed. The increase brought cash remittances in the… Read More

July 12, 2026 @ 11:43 pm By Michael Wong  |  

Payments infrastructure company Xendit has integrated Philippine payments provider Dragonpay into its regional platform, giving Dragonpay merchants access to more than 100 payment methods, payouts, cross-border payments and financing. The announcement does not involve a new acquisition or share transaction, a Dragonpay spokesman told Crowdfund… Read More

July 12, 2026 @ 10:55 am By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has urged Filipinos to borrow only from registered lenders, warning that illegal operators may charge exorbitant interest rates and resort to unfair collection practices. The corporate regulator said consumers should use safe, transparent and regulated loan products, including… Read More

June 30, 2026 @ 10:16 pm By Omar Faridi  |  

Mynt Inc., the parent company of the Philippines’ dominant digital wallet GCash, has formally filed paperwork for what would become the country’s largest-ever initial public offering. The move positions the fintech unicorn to raise as much as $1.5 billion by selling up to roughly 12… Read More

June 29, 2026 @ 8:34 am By Omar Faridi  |  

The Philippines is accelerating its shift toward digital financial inclusion by integrating fintech platforms into government assistance programs. A key example is the recent collaboration between the Land Transportation Franchising and Regulatory Board (LTFRB) and Maya, which enables the electronic delivery of fuel subsidies to… Read More

June 28, 2026 @ 1:05 pm By Michael Wong  |  

Philippine private equity firm Navegar has secured a $15 million commitment from Sweden’s development finance institution Swedfund for its third private equity fund, adding fresh capital to back mid-sized companies as investors continue to see opportunities in one of Southeast Asia’s fastest-growing economies. The investment… Read More

June 28, 2026 @ 10:07 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is moving to make digital transaction fees fairer and more transparent by requiring banks, e-wallet operators and other payment service providers to justify how they price electronic payment services. Under Circular No. 1238,… Read More

June 22, 2026 @ 4:55 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has increased the maximum repayment period for salary-based consumer loans to seven years, a move aimed at making credit more affordable for borrowers while reinforcing responsible lending standards among banks and other regulated… Read More

June 14, 2026 @ 12:56 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has warned the public against several online lending platforms accused of illegally using the names and regulatory credentials of legitimate financing and lending companies to solicit borrowers. In recent advisories, the SEC flagged Perasayo.com for allegedly using the… Read More

May 30, 2026 @ 8:31 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, and the Insurance Commission highlighted the potential of bundling parametric insurance with credit in enhancing lending to climate-exposed sectors. Parametric insurance provides automatic payouts once predefined weather thresholds are met. When bundled with… Read More