Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking
While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.
Overseas Filipino Workers in UAE Can Now Send Money Home for Free, Thanks to Gcash-Denarii Cash Tie-Up
Both Denarii Cash and GCash share the same commitment of offering convenient and affordable financial services to Filipinos.
Grameen Foundation, J.P. Morgan Deliver COVID-19 Relief in the Philippines
Supported by J.P. Morgan, the program will provide immediate relief and longer-term recovery support to 3,500 women entrepreneurs running microenterprises.
Hong Kong Alt-Lender Oriente Raises $50m as It Looks to Step up Efforts in a Highly Competitive Sector
Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam.
Coronavirus: How Cash-Mad Philippines Learned to Love Digital Money Thanks to COVID-19
Online payments have been slow to take off in the Philippines, where cash has long been king.
DBP Eyes More Tie-Ups With Financial Firms to Push for Financial Inclusion
STATE-run Development Bank of the Philippines will forge ahead with its financial inclusion initiatives this year by tapping financial technology companies, non-bank financial institutions, as well as rural banks.
Philippines: ADB Grants MFI-NGO $30-M Credit Facility for Micro-Entrepreneurs
The first tranche of the credit facility amounting to $10 million will extend loans to over 25,000 women-entrepreneurs owning small businesses, which suffer from the economic impact of the (COVID-19) pandemic.
Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring
Through this partnership FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity.
New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
Bangko Sentral ng Pilipinas and French Agency Tie up to Boost Financial Inclusion in the Philippines
The grant from the French Development Agency is expected to enhance the BSP’s initiatives to empower marginalized sectors in the Philippines by providing them access to financial products and services.