Fintech platform Maya continues to get recognized for its efforts, as it recently won three awards at the Retail Banking Awards 2023 and at the World’s Best Consumer Digital Bank Awards 2023. Maya’s recognition with the latter is significant, as was named Best Consumer Digital Bank and Best Mobile Banking App in the Philippines. For […]
During the first half of the year, the volume and value of electronic payments and financial services processed through digital banks reached 1.4 million transactions and P8.45 billion, respectively. Digital Banks have flourished in the Philippines thanks partly to the restrictions imposed by the COVID pandemic, but mostly because of their convenience. Unlike traditional banks, […]
With the emergence of online transactions and wallets, it makes perfect sense that neobanks are also rising to the top. These are financial institutions that exist solely on an online platform, possibly with minimal to no physical presence at all. Tonik is an example of a neobank operating in the country that is officially recognized […]
You know by this time that PayMaya is now Maya, and the finance app has made its official shift today. Beyond being one of the more-known e-wallets in the Philippines, Maya has more functions as an app: it has a high-yield savings account, a virtual credit line, a platform for crypto trading, and still retains […]
As PayMaya continues to expand its services beyond being an eWallet platform, the Fintech app was recently given the green light by BSP’s Monetary Board to establish a digital bank. Called Maya Bank, the new platform will further strengthen PayMaya’s goal of accelerating financial inclusion in the Philippines. Maya Bank’s main focus will primarily be […]
Signing up for a bank account during the pandemic is quite a challenge, to say the least, but digital bank Tonik makes it incredibly easy to set aside money for a rainy day thanks to digital banking. Signing up takes about 5 minutes and their app makes the process simple. This neo bank has a […]
Since setting foot in the Philippines in December 2018, CIMB Bank Philippines’s main objective is to provide Filipinos the financial freedom for better opportunities through better and smarter choices when it comes to their banking needs. Since then, CIMB Bank has provided innovative solutions for Filipinos to be able to open a bank account digitally […]
With the constant threat of COVID-19, everyone is at risk every time they step outside their home to do anything. That includes physical transactions AKA handing people money, as well as shopping and banking at our usual, pre-plague locations. Online shopping via Lazada, Shopee, and Zalora has replaced our regular mall runs, and have made […]
More accolades for the new, innovative bank CIMB Bank receives a new award as International Finance names it as the “2020 Best New Digital Bank Philippines”. CIMB Bank is currently the most awarded all-digital bank in the Philippines. International Finance, a premium business and finance magazine published by UK’s International Finance Publications Limited., selected the […]
Some may say that the financial banking systems in our country are archaic, and this would have been spot-on up until recently. Now, though, there’s more than enough reason to believe that Filipinos are beginning to see digital banks in the PH as viable safehouses for their hard-earned money. Here’s why we think so. Here’s […]
Here’s some good news for online entrepreneurs and freelancers looking for an alternative to Paypal. Digital payments company Payoneer has just set up shop in the Philippines a few days ago. If you’ve been on the fence in trying Payoneer, then maybe a local office might convince you now to give their services a go. […]
While eWallets like Maya and GCash offer crypto trading, they are limited to just buying and selling crypto assets. These platforms do not have the ability to conduct transactions using crypto assets, so this meant that you cannot do peer-to-peer transactions. This is what makes Unionbank different after it gained a license to operate as […]