Right before the year 2021 ended, a viral piece of financial news broke the internet: Bando de Oro (BDO) had been hacked, leading to losses for users. To sum it all up, there was an advanced phishing scam in place which managed to bypass security measures such as 2FA. Those who fell victim lost in […]
Some of you may have already noticed that your PayMaya app has undergone a transformation. For these users, the app is now Maya and it packs a sleek, new design and additional features to boot. Our PayMaya contacts confirmed that they have started rolling out the new Maya app since this Monday. Most likely, more […]
The best digital bank in the Philippines is up to something new again. UnionBank might just offer trading and custodial services for cryptocurrency soon. Due to the fast-growing adaptation of digital tokens, UnionBank is considering the idea as a way to “future-proof its banking business,” according to Cathy Casas, head of the bank’s blockchain and […]
Reiterating its commitment to give back what was lost due to the online hacking incident, BDO issued a new statement, saying that they are “processing the reimbursement of close to 700 clients affected by the recent online fraudulent transactions.” While we’re not sure how many were affected by the online hacking incident, but BDO’s figure […]
The state-owned Land Bank of The Philippines has made it easier to open a bank account during the pandemic. As of today, you can now open a Landbank savings account via their mobile app. The bank has officially launched its digital onboarding system (DOBS) Mobile this week. This move is in line with Landbank’s support […]
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 […]
Some banks have postponed charging electronic transfer fees until the end of March, allowing customers to enjoy waived charges for interbank transactions. This is also to lessen in-person banking for the safety of their customers. Fund transfers to other banks may happen in either of these two channels. One is via InstaPay, which allows money […]
As PayMaya continues to expand the number of places you can use its cashless platform, the Fintech app announced that effective October 1, it will begin imposing a 1% transaction fee for add money transactions made over-the-counter (OTC) that exceeds the Php 10,000 monthly threshold. In its advisory, PayMaya explains that while add money transactions […]
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 […]
Would you pay using a Google Card? Aside from Apple and Huawei, Google is reportedly working on its credit card service, according to a report by TechCrunch. Expected to compliment Google Pay, Google Card is the tech giant’s way of expanding into financial services. Leaked screenshots reveal Google Card’s features, which include tracking of transactions […]