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Dec 07 2020 PH remains one of the key players of FinTech in the region
As Fintech leadership moves to Asia, the Philippines has strong potential to emerge among its central players. This was one major analysis that surfaced at the first panel of the day entitled “Fintech Growth: Powering Up Cities, Communities, and The Entire Country.” Various industry leaders who spoke in the panel were Bangko Sentral ng Pilipinas (BSP)…
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Dec 07 2020 More Philippine firms now find it ‘easy’ to innovate, study says
MORE THAN HALF of Philippine organizations now find innovation in the country “easy,” after they increased their abilities to innovate amid a pandemic crisis, the latest study by Microsoft Corp. and International Data Corp. (IDC) Asia/Pacific showed.
“Since the COVID-19 (coronavirus disease 2019) pandemic, Philippine organizations have matured in the culture of innovation by 4%, increasing…
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Dec 07 2020 MSMEs back in business present many silver linings
With the calibrated opening of the business, the Filipino entrepreneurs find silver linings after getting a big blow from the slowdown of economic activity due to the COVID-19 pandemic.
According to Director Jerry Clavesillas from the Bureau of MSME Development under the Department of Trade and Industry, “As we started to ease up the situation or…
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Dec 07 2020 UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion
UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a retail bond on a digital platform leveraging blockchain technology for bond tokenisation.
The 3 and 5.25-year dual tranche issuance totaling PHP 9 billion by UnionBank was successfully mirrored on the platform co-created by UnionBank and SC Ventures, the…
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Dec 07 2020 Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems
Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options.
The strategic partnership with Mastercard will strengthen PayMongo’s business offerings by enabling the latter to be a Mastercard issuer to small and…