Fintech Alliance.Ph

by: Fintech News Philippines

source: https://fintechnews.ph/56637/blockchain/gcash-partners-roxe-to-provide-affordable-blockchain-based-cross-border-payments/

Blockchain infrastructure company Roxe announced that it has partnered with G-Xchange’s GCash to enable affordable cross-border payments.

The partnership connects GCash to Roxe’s blockchain-based payment network, where users from around the world can send funds to GCash’s customers.

Roxe says that it provides a better mid-market exchange rate to remittance senders compared with other cross-border…

by: Business Worldsource: https://businessmirror.com.ph/2022/09/08/fixed-income-workers-bear-brunt-of-inflation/

Featured photo shows uniformed workers of a manufacturing company in the Subic Bay Freeport waiting for transportation along the highway in Castillejos, Zambales.

WAGE and salaried workers are the ones who bear the brunt of high commodity prices, according to the National Economic and Development Authority (Neda).

In a virtual briefing, Neda Undersecretary for…

by: Business Worldsource: https://www.bworldonline.com/top-stories/2022/09/08/473172/bsp-chief-signals-more-rate-increases/

THE BANGKO Sentral ng Pilipinas (BSP) said it has room to further hike policy rates this year to support the peso as the US Federal Reserve is expected to continue its aggressive policy tightening.

This as the Philippine peso on Wednesday closed at a record low of P57.135 against the US dollar.

Year to…

by: Louella Desiderio – The Philippine Star source: https://www.philstar.com/business/2022/09/08/2208110/think-tank-inflation-slow-down-q4

MANILA, Philippines — UK-based think tank Pantheon Macroeconomics has hiked its inflation forecast for the Philippines to five percent this year, but it expects a slowdown to take hold by the fourth quarter.

Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said in a report yesterday the think tank…

by: Lawrence Agcaoili – The Philippine Starsource: https://fintechnews.ph/56563/crypto/fintech-alliance-ph-pushes-for-consumer-protection-focused-crypto-regulations/

MANILA, Philippines — The peso continues its losing streak, hitting a new record low for the fourth straight trading day at 57.135 to $1, shedding another 13.5 centavos from Tuesday’s 57.

The local currency opened yesterday at an intraday high of 57 and hit an intraday low of 57.33 before…

by: Fintech News Philippinessource: https://fintechnews.ph/56621/virtual-banking/gotyme-bank-launches-new-visa-debit-card-aims-for-10-million-clients-in-5-years/

Gokongwei Group‘s digital bank GoTyme, interbank network BancNet, and Visa have formed a partnership to introduce the GoTyme Visa ATM Debit Card.

This will allow cardholders to conduct Visa transactions worldwide and make ATM withdrawals when traveling outside the country.

Powered by BancNet, cardholders will also be able to transact at point-of-sale terminals, as well as…

by: BitPinassource: https://bitpinas.com/fintech/fintech-alliance-ph-supports-digital-assets-act/

FintechAlliance.ph, the prime trade organization for digital finance and fintech startups, has recently expressed its support for Senate Bill 184 or the Digital Assets Act and Senate Resolution 126. This was announced during the recent session with the Senate Committee on Banks, Financial Institutions and Currencies which was attended by Fintech Alliance PH, Binance,…

by Fintech News Philippinessource: https://fintechnews.ph/56563/crypto/fintech-alliance-ph-pushes-for-consumer-protection-focused-crypto-regulations/

Fintech Alliance.PH, a collaboration amongst strategic players in the digital finance space operating in the Philippines, announced its support for a risk-based regulatory regime that puts consumer protection at the core.

The Senate Bill 184 and Senate Resolution 126 was put forth on August 23 during the public hearing of the Senate Committee…