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Dec 09 2020 Enacting CREATE into law to help PH economy recover
Trade officials believe that the enactment of the CREATE bill into law will usher the country’s economic recovery next year.
Department of Trade and Industry (DTI) Secretary Ramon Lopez said that as the government will continue to implement its recovery plan next year, signing the CREATE bill into law is vital as this defines the country’s…
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Dec 09 2020 BillEase Integrates Buy Now, Pay Later Solution With Leading E-Commerce Platforms
Philippines startup First Digital Finance Corporation (FDFC), announced its partnership with prominent e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring BillEase which is its “Buy Now, Pay Later” (BNPL) solution to online retailers in the Philippines.
Merchants that use any of these platforms can now easily integrate with BillEase and activate Pay Later, Pay in…
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Dec 08 2020 NTC: Internet service now 100% faster due to efforts to cut red tape
Local Internet service is now at least 100 percent faster than previous years amid the government’s efforts to cut red tape in the telecommunication sector.
The National Telecommunication Commission (NTC) hopes to continue this momentum by pushing for stiffer penalties erring telecommunication companies (telcos) and more government spending in infrastructures networks as the country’s internet speed…
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Dec 08 2020 Sustainable online livelihood awaits unemployed Filipinos as RCBC, Resellee join hand
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech together with social ecommerce platform Resellee join forces in providing sustainable online livelihood to over 18 million unemployed Filipinos, and micro Small Medium Enterprises (mSMEs) affected by the COVID-19 pandemic.
In a recent Social Weather Survey (SWS), it was revealed that 36% of adult Filipinos believe their quality of lives…
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Dec 08 2020 Banks need to boost cybersecurity protocols to guard vs threats, attacks as clients shift online
FINANCIAL INSTITUTIONS need to continue boosting their guard against fraud and crimes as consumers shift towards online transactions amid the coronavirus pandemic, stakeholders said.
“With that surge of transactions, it is paramount to implement cybersecurity protocols to protect the institutions and most importantly, the customers,” Spark Perreras, chief executive officer and co-founder of financial technology firm…
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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…