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Jan 04 2021 IC approves P1.5- billion sale of PNB’s nonlife insurance arm to Alliedbankers
THE INSURANCE Commission (IC) has approved the P1.5-billion sale of Philippine National Bank’s (PNB) nonlife insurance arm PNB General Insurers Co., Inc. (PNBGen), which is part of the Lucio Tan group’s move to consolidate its businesses.
PNB said in a kling with the local bourse on Monday that the insurance regulator on Dec. 29 okayed Allied…
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Jan 04 2021 RCBC says clients prefer short-term investments
RIZAL COMMERCIAL Banking Corp. (RCBC) has seen stronger demand for short-term investment instruments as the market remains cautious amid continued uncertainty due to the coronavirus pandemic.
The bank’s unit investment trust fund clients have been opting togo for products with less volatility, including money market and short-term funds, RCBC Trust and Investments Group Head Robert B.…
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Jan 03 2021 PayMaya: More local firms tapping app for payments
The enterprise arm of financial technology (fintech) player PayMaya has enabled more businesses to accept and offer digital payments to their customers, helping merchants to digitalize their businesses amid the pandemic.
PayMaya President Shailesh Baidwan said his group has helped businesses of varying sizes to provide customers with digital payment options, as they have decided to…
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Dec 31 2020 PH economy to rebound in mid-2021 – BritCham
Following the new developments on the availability of vaccines for COVID-19, the British Chamber of Commerce Philippines sees an economic rebound for the Philippines.Speaking to THEPHILBZNEWS in the yearend hybrid media briefing, Mr. Chris Nelson, the Executive Chairman of the British Chamber of Commerce Philippine said, “While there may be inevitable challenges during the first…
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Dec 30 2020 2020: Fintech’s most challenging year
2020 is the most difficult year in our lifetime yet. Amidst the maelstrom of this health crisis, a new global order emerged.
The fintech industry found itself in the forefront as people navigate this new way of life. Industry players worked double time to thrive and survive. Primary is to ease the Filipinos’ quick migration and…
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Dec 29 2020 ‘HEART-ING’ Digital
Helen Yuchengco-Dee, once told me: “Even when the sea seems calm, wear a lifejacket.” This maxim has been at the core of RCBC’s dynamic business continuity plan. When news of the first Philippine COVID 19 case broke out, we immediately rolled the drawing board out. While hoping for the best, we prepared for the worst.…
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Dec 28 2020 PayMaya says users reach 28 million in 2020 across platforms
DIGITAL PAYMENT company PayMaya Philippines, Inc. has reached 28 million users across its platforms this year.
The company in a press release on Monday said that more Filipinos have been using the e-wallet platform for contactless transactions during the pandemic.
“Cashless transactions made by Filipinos through the PayMaya app, in fact, have consistently registered triple-digit growth rates…
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Dec 28 2020 Globe supports PH growing online with its robust internet nationwide
The demand for online purchase rise even before the Holiday season starts. But the phenomenal growth in online holiday shopping and the need to stay physically distanced from one another especially in a season of gatherings, Filipinos are well-connected and equipped with constantly improving internet connectivity to buy essentials, send or receive presents, and prepare…
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Dec 28 2020 PH RCBC’s DiskarTech bags International award for Best Digital Inclusion Initiative 2020
There is no stopping the country’s first Taglish financial super app powered by Rizal Commercial Banking Corporation (RCBC) DiskarTech from reaping awards after it bagged the Best Digital Inclusion Initiative award from the International Innovation Awards (IIA) under the Service Solution category. The announcement was awarded through a virtual live streaming ceremony on December 16,…
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Dec 27 2020 FinTech Alliance turns crisis into opportunities amidst COVID19
For astute business leaders, a crisis is an opportunity in disguise, and this is what makes many business leaders.The year 2020 is. backbreaking for everyone across all sectors. With the pandemic still gives uncertainties to other businesses, the Fintech Alliance on the other hand has still a reason to celebrate key milestones and be optimistic…