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Apr 18 2024 PHL gains World Bank’s help in digitalization bid
By: BusinessMirror
Source: businessmirrorTHE World Bank (WB) expressed its support for the Philippine government’s digitalization program to enhance tax administration, assist in the energy and agriculture sectors and facilitate investments in human capital.
A statement issued by the Department of Finance (DOF)…
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Apr 17 2024 BSP looking into BPI downtime
By: BusinessWorld
Source: businessworldTHE BANGKO Sentral ng Pilipinas (BSP) is looking into the unscheduled service disruption experienced by clients of Bank of the Philippine Islands (BPI) on Tuesday, a senior official said.
“At this point, the BSP is looking at the root…
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Apr 16 2024 Filipinos Gain Access to Crypto Education
By: ManilaStandard
Source: manilastandardCoins.ph and Tether, issuer of biggest stablecoin USDT, team up to launch a blockchain education initiative in the Philippines, focusing on Bitcoin, stablecoins, and the crypto industry, as a whole.
“Our collaboration with Tether marks a significant step towards…
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Apr 15 2024 Asialink gets P300-million credit line from Taiwan’s Cathay United Bank
By: BusinessWorld
Source: businessworldAsialink gets P300-million credit line from Taiwan’s Cathay United Bank
ASIALINK Finance Corp. has tapped Taiwan’s Cathay United Bank for a P300-million credit line to boost its resources in support of its client expansion plans.“This latest partnership will allow…
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Apr 12 2024 SEC Flags eToro as Unauthorised for Investment Offerings in the Philippines
By: FintechNews
Source: fintechnewsT
he Securities and Exchange Commission (SEC) of the Philippines has issued a warning to the public regarding eToro, an online investment trading platform that is not authorised to sell or offer securities in the country. The notice highlights…
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Apr 08 2024 Digital banks post significant deposit, loan growth in 2023
By: Philstar
Source: philstarIn a statement, the Digital Bank Association of the Philippines (DiBA PH) said the six digital banks operating in the country reported impressive growth last year, outperforming traditional banks in making financial services accessible among most Filipinos.
MANILA, Philippines…
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Apr 05 2024 CIMB boosts financial inclusion with Lazada
By: Philstar
Source: philstarMANILA, Philippines — Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months.
The partnership will allow…
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Apr 04 2024 BillEase Soars to New Heights in 2023 With US$ 57 Million Revenue, Outperforms Traditional Banks With 47% ROE
By: Indo-Asian News Service
Source: indo-asian news serviceSINGAPORE, April 3, 2024 /PRNewswire/ — BillEase, a leading consumer finance and buy now pay later app in the Philippines, announced exceptional growth in its preliminary unaudited financial report for 2023. The fintech company…
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Apr 02 2024 Landbank Looks to Boost Digital Services to Streamline Customer Experience
By: FintechNews
Source: fintechnewsS
tate-operated Land Bank of the Philippines (Landbank) is setting its sights on minimising traditional over-the-counter transactions by encouraging its customers to utilise its digital services.
Lynette Ortiz, President and CEO of Landbank, articulated the bank’s objective to usher clients…
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Apr 01 2024 Philippines’ SEC Moves to Block Binance Amid Licensing Concerns
By: FintechNews
Source: fintechnewsI
n a significant development, the Philippines’ Securities and Exchange Commission (SEC) has escalated its actions against the unlicensed operations of Binance, the globally renowned leading cryptocurrency exchange, until recently.
This move comes after the SEC’s decision, during their meeting…