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Philippines’ PHPX Stablecoin Set To Launch on Hedera Network

PHPX promises to give overseas Filipinos greater control over their finances by cutting out intermediaries and reducing reliance on traditional remittance methods.A number of...

Philippines Lifts Restrictions on Digital Bank Licenses

The Philippines anticipates a surge in digital banking with the potential arrival of up to 10 new players, promising increased competition and greater financial...

How 6 Licensed Digital Banks in the Philippines Have Progressed

In the dynamic landscape of the Philippine fintech sector, 2023 has emerged as a pivotal year, signifying the nation’s determined stride toward enhanced financial...

IMF Cautions Against CBDC Risk Posed to Banks in the Philippines

Felipe M Medalla, former Governor of Bangko Sentral ng Pilipinas (BSP), earlier this year stated that the central bank of the Philippines had started...

INDX3.0 Puts Spotlight on Financial Inclusion for Equitable Growth in the Philippines

Financial inclusion has increasingly gained recognition as a pivotal driver of economic development, fostering empowerment and equitable national growth.It goes beyond the mere accessibility...

RCBC ATM Go Records PHP 7.5 Billion in Transactions

Rizal Commercial Banking Corporation’s (RCBC) community-based financial service ATM Go recorded PHP 7.5 billion (US$ 132.1 million) in transactions.The service has been growing rapidly,...

GCash Rolls Out New Visa Card for Millions of Unbanked Filipinos

Philippines’ e-wallet GCash has partnered with Visa to launch the new GCash card that will give millions of unbanked Filipinos access to the benefits...

Coins.ph’s TradeDesk Surpassed US$1 Billion in Crypto Trading Volume This Year

Philippines’ cryptocurrency exchange Coins.ph revealed that its TradeDesk service has surpassed a trading volume of US$1 billion in 2023.TradeDesk, launched in November 2022, caters...

Coins.ph Raises Daily Cash-in Limits up to PHP 10 Million

Philippines’ cryptocurrency exchange Coins.ph announced that it has increased its daily cash-in limits for its users.Level 2 accounts, which require ID and selfie verification,...

GCash Partners Axie Infinity and Ronin to Enhance Web3 Gaming Access

GCash has entered into a strategic partnership with Axie Infinity and Ronin, aiming to facilitate access to blockchain-based gaming, also referred to as Web3...

BSP CBDC Project: Here’s All We Know About the Wholesale Digital Currency

In the rapidly evolving landscape of global finance, the fairly recent emergence of Central Bank Digital Currency (CBDC) represents a significant shift towards the...

BSP Lauds Rise in Digital Payment Technology in the Philippines

The Bangko Sentral ng Pilipinas (BSP) has reported on the ongoing expansion of digital payment technologies, noting their significant role in enhancing the delivery...

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