As it continues to pave the way for giving financial inclusion for all Filipinos, GCash enters its era of financial progress with tapping Heart Evangelista-Escudero as its endorser. The partnership kicked off last February 7 with the live filming of the first episode of GCash Spotlight featuring Heart and Boy Abunda as host. Set to […]
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, […]
After being one of the first digital banks in the Philippines, ING has decided to end its retail operations after 4 years. In its announcement, ING explains that it will exit the Philippines because of “the uncertain global macro situation in the last few years.” This resulted in ING choosing to not expand its activities […]
After a chaotic weekend that involved multiple BDO users losing their money in a hacking incident, partylist group Bayan Muna filed a house resolution calling Congress, specifically the Committee on Banks and Financial Intermediaries, to investigate the incident. In its house resolution filing, Bayan Muna explains that “Congress should protect the welfare of the Filipino […]
(UPDATE): Ellard Chua posted on his Facebook, saying that his name was used in one of the hacking incidents. In addition to that, Chua added that his account was compromised, losing over Php 50k in an unauthorized bank transfer to a Unionbank account allegedly belonging to Mark Nagoyo. Multiple BDO customers have allegedly been targeted […]
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 […]