Tagged: Philippines

November 7, 2025 @ 4:48 pm By Tony Zerucha  |  

The Hashgraph Group, the Swiss-based Web3 technology and engineering company operating within the Hedera ecosystem, has signed a strategic framework collaboration agreement with the Department of Science and Technology (DOST) – the executive department of the Philippines government responsible for directing, leading and coordinating science,… Read More

November 4, 2025 @ 11:12 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, is pleased to announce its expansion across Asia with a recent partnership in the Philippines. The Insurtech firm said it has signed a deal for its Broking Manager solution with Lacson & Lacson Insurance… Read More

November 2, 2025 @ 12:35 pm By Michael Wong  |  

International boxing champion Manny Pacquiao has launched a new payments platform under 7th Pillar Integration Systems Corp., moving to compete in the Philippines’ fast-growing but crowded digital finance market. The service, branded Manny Pay, is starting as a payment gateway and aims to expand into… Read More

September 27, 2025 @ 9:24 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said it will stop accepting new applications for digital bank licenses from Dec. 1, as the regulator moves to tighten oversight of the fast-growing sector and safeguard financial stability. The suspension follows the… Read More

August 25, 2025 @ 7:48 am By Omar Faridi  |  

The cryptocurrency ecosystem is undergoing a maturation phase, marked by increasing regulatory clarity, growing governmental adoption of Bitcoin as a strategic reserve, and significant market dynamics. Coinbase (NASDAQ:COIN) CEO Brian Armstrong has emerged as an active voice in the web3 space, offering insights into Bitcoin’s… Read More

July 29, 2025 @ 11:04 am By Omar Faridi  |  

In a move to deepen its footprint in the Philippines’ digital payments ecosystem, Tonik, the nation’s digital-only bank, has launched QRPH transfers within its mobile app, enabling enhanced digital transactions across a vast network of over 675,000 merchants and 1,824 billers. This initiative marks another… Read More

July 12, 2025 @ 2:52 pm By Michael Wong  |  

Fintech firm Revolut is establishing a technology hub in the Philippine capital, Manila, as part of a plan to expand global capabilities and accelerate product innovation, the company said on Wednesday. The Manila site will operate as a Global Capability Center that supports engineering, financial-crime prevention… Read More

July 7, 2025 @ 10:05 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP) is drafting a new circular aimed at mitigating risks from online gambling for users of digital financial platforms, as part of its broader financial consumer protection and wellness agenda. The proposed circular would apply to BSP-supervised institutions (BSIs), including… Read More

July 1, 2025 @ 10:15 pm By Michael Wong  |  

Only 28% of Filipinos are familiar with Web3 technologies despite 96% awareness of cryptocurrencies, according to the Philippine Blockchain Industry Report 2025, the country’s first benchmarking study of its blockchain ecosystem. Released by the Blockchain Council of the Philippines in partnership with Gorriceta Africa Cauton… Read More

June 29, 2025 @ 10:57 am By Michael Wong  |  

The Philippine government has intensified its crackdown on abusive online lending platforms after receiving more than 13,000 complaints from borrowers who reported harassment, threats, and privacy violations. The Presidential Anti-Organized Crime Commission (PAOCC) is leading the nationwide campaign in coordination with the Securities and Exchange… Read More

June 8, 2025 @ 3:55 pm By Michael Wong  |  

The Philippines and India are accelerating efforts to strengthen collaboration in financial technology and broader development cooperation, as both nations seek to harness digital innovation to drive economic growth. Finance Secretary Ralph Recto recently held talks with Indian Ambassador Harsh Jain to identify new avenues… Read More

May 17, 2025 @ 11:01 am By Michael Wong  |  

BillEase, a digital consumer finance platform in the Philippines, has partnered with Maya Business, the country’s largest digital payments processor, to bring its Buy Now, Pay Later (BNPL) service to Maya’s ecosystem. The integration enables installment-based payments at checkout via QRPh-enabled point-of-sale (POS) terminals and… Read More

May 10, 2025 @ 11:26 am By Michael Wong  |  

Filipinos spent approximately 1.54 billion seconds — or about 49 years — using non-bank digital lending applications in 2024, according to new analysis released by digital lender Digido. The study examined activity across 47 digital lending apps registered with the Securities and Exchange Commission (SEC),… Read More

April 25, 2025 @ 4:37 am By Michael Wong  |  

LenderLink Philippines, a fintech startup building the Philippines’ first high-tech, real-time credit bureau, raised $1.25 million in an oversubscribed pre-seed funding round led by venture firms Iterative and Kaya Founders, the company said. The pre-seed round, the startup’s first external raise since its founding last… Read More

April 25, 2025 @ 4:13 am By Omar Faridi  |  

World, the human-centered financial and identity network, is reportedly a global network of 12,185,058 “real humans.” According to a blog post by World, more than 1500 Orbs “currently live in the field to verify unique humanness across 23 countries.” As with any network, its developers… Read More

March 25, 2025 @ 8:14 pm By Omar Faridi  |  

The Fintech ecosystem in the Philippines is experiencing a surge in 2025, cementing its role as a key player in Southeast Asia’s financial technology ecosystem. Although a relatively smaller economy in terms of GDP growth and GDP per capita when compared to some nearby countries… Read More

March 9, 2025 @ 12:36 pm By Michael Wong  |  

Blockchain-powered sustainability platform IMPT.io has unveiled a worldwide campaign called #ExploreResponsibly that encourages travelers to adopt more eco-conscious habits and offset their carbon footprints. Starting in the Philippines and expanding globally, the initiative is designed to raise awareness of environmental challenges in tourism while rewarding… Read More

March 6, 2025 @ 9:22 pm By Omar Faridi  |  

Tonik has crossed 1 million cumulative loans disbursed since inception, cementing its status as the Philippines’ credit-led digital bank and propelling a new era of “credit inclusion.” While traditional banking institutions continue to emphasize corporate credit, Tonik zeroes in on a “$40 billion latent unsecure… Read More

February 27, 2025 @ 9:58 pm By Omar Faridi  |  

World, which claims to be the largest human-centered financial and identity network, is now available in the Philippines, a country fueled by a young, digitally savvy population and an emerging middle class “eager to adopt new technologies and financial solutions.” World ID Orb verifications are… Read More

February 23, 2025 @ 5:18 pm By Michael Wong  |  

The Philippines has been removed from the Financial Action Task Force’s (FATF) grey list after more than three years, following significant progress in strengthening its anti-money laundering and counter-terrorism financing (AML/CTF) framework, the global financial watchdog said. The FATF, which monitors global efforts to combat… Read More