The Department of Trade and Industry (DTI) has urged micro, small and medium enterprises (MSMEs) to embrace digital transformation amid the “new normal”.
Philippine authorities’ bid to further digitalize financial transactions in the country has been supported by the Bank of China Manila (BOC), which recently partnered with Bancnet for its digital transformation move.
A financial institution executive has cited the Bangko Sentral ng Pilipinas’ (BSP) bid to address payments system interoperability, a major challenge among businesses in the Philippines, through its QR PH program.
The Makati City government on Thursday announced that it distributed about 52 percent of financial assistance to residents affected by the enhanced community quarantine (ECQ) in just one day.
Infrastructure improvements are among the factors that will further boost electronic commerce (e-commerce) in the country, along with demographics and people’s ability to adapt to innovations.
Application for digital banking license is up until the end of the month and will resume after three years if needed, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said.
A lawmaker on Friday called for the passage of the proposed Virtual Banking Act to create a regulatory framework for digital banks that would promote a level playing field by allowing new entrants to credibly compete with existing banks.
Several banks have urged their clients to utilize the financial institutions’ online platforms during the National Heroes’ Day holiday on Monday as all their branches nationwide will be closed.
Deposit accounts opened through the Overseas Filipino Bank’s (OFBank) digital onboarding system more than doubled to nearly 46,000 as of July of 2021, compared to the number of accounts in December last year.
Leading mobile wallet GCash is eyeing to roll out cryptocurrency trading on its platform after a pending deal is finalized.
Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of about $600 million in digital coins they stole, blockchain researchers said on Wednesday.
David Marcus, the head of F2 (Facebook Financial) and the Novi cryptocurrency wallet division, said on Tuesday, August 24, that he’s looking into making products and services related to non-fungible tokens. At the same time, however, Marcus also said he had doubts about the use of bitcoin for transactions.
Tags for identifying bitcoin, ethereum and other crypto assets will be launched in September in the latest sign of how the fast growing, unregulated market is adopting the hallmarks of mainstream investing.
Metro Pacific Investments Corp. plans to acquire or buy into e-commerce platforms as part of a move to restructure its whole logistics business.
In line with its thrust to remain on the cutting edge of customer needs and trends, AllDay Supermarket unveiled a number of its digital transformations throughout its store network. Key among these is the launch of an improved version of its e-commerce platform
E-commerce enabler Etaily has secured $1.6 million in seed funding, with investments from leading businesses such as the Ayala Ventures, Foxmont Capital Partners, Magsaysay Shipping & Logistics, the Boston Consulting Group, and other renowned angel investors.
Philippine e-commerce startup Prosperna said it has raised $555,000 in seed funding led by Foxmont Capital Partners.
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