On The Web

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Deals

Philippine Mobile Wallet GCash Raises Over $175 Million in New Capital

January 11 2021

• in
• Phillippines

“Philippine mobile wallet GCash has raised more than $175 million in capital from New York-based private equity fund Bow Wave Capital Management, the financial technology arm of Globe Telecom Inc said.”

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Global

Standard Chartered, Philippines Bank Issue $187M Blockchain Bond

December 7 2020

• in
• Blockchain
• Phillippines

Standard Chartered Bank and UnionBank of the Philippines said Monday they have completed a proof-of-concept issuance of a 9 billion Philippines peso (US$187 million) tokenized retail bond on a blockchain-backed platform.

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Global

GCash to help taxis shift to cashless payments: transport dept

May 22 2020

• in
• Phillippines
• QR codes

“The Department of Transportation said Friday it tapped GCash to help equip taxis with scan-to-pay systems, as part of a pandemic normal that requires cashless payments. The joint venture of Jack Ma’s Alipay and Globe Telecom’s Mynt allows users to scan merchants QR codes and deduct the amount due from their mobile wallet. Digital payments […]

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Global

AsiaKredit To Pioneer Global Standards Of Responsible Finance And Client Protection For The Underbanked

November 7 2019

• in
• Phillippines

“AsiaKredit, a leading digital consumer finance fintech in the Philippines, is spearheading financial consumer protection and empowerment in the Philippines via the world’s first financial consumer protection standard, the Smart Campaign. The Smart Campaign is a globally recognized initiative by the Centre for Financial Inclusion at Accion (CFI), a U.S-based think-tank for financial inclusion.”

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Companies

GCash, Starbucks Introduce New Mobile Payment Option

August 2 2019

• in
• Phillippines
• Starbucks

“Getting a cup of our favorite Starbucks handcrafted beverage is now easier with GCash, the leading mobile wallet in the Philippines. As of September 2018, Starbucks had 373 licensed stores nationwide. It opened its first branch in the Philippines in 1997 at the 6750 Ayala Building in Makati City, making the Philippines the third overseas […]

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Global

PayMaya Expands Boracay’s First ‘cashless’ Ecosystem With QR Payments

May 20 2019

• in
• Phillippines
• QR codes

“PayMaya is now the preferred payment option in some of the merchants in Boracay where users can pay using their app via PayMaya QR, including restaurants like Spice Bird in D’Mall, Titos near Station 2, and Sunny Side Café in Station 3; convenience store like Budget Mart; and Epic Bar, among many others. This is […]

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Global

The Philippines Introduces Its First Legal Framework to Regulate Digital Payments – KrASIA

April 25 2019

• in
• Phillippines

“Top-down initiatives are being introduced in the Philippines to develop the country’s startup sector. Earlier this week, President Rodrigo Duterte was said to be signing the Innovative Startup Act , which once enacted into law will provide a great boost to tech firms in terms of funding, relaxation of immigration procedures, as well as networking […]

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Global

Grab PH expands mobile wallet services to bills payment, purchases

September 27 2018

• in
• Mobile wallets
• Phillippines

“While majority of Filipinos still transact using cash, Southeast Asia ride-hailing giant Grab expanded its mobile wallet services in the Philippines to promote cashless transactions. In a statement on Thursday, September 27, Grab said it is expanding its mobile wallet services “GrabPay” to include bills payment, food orders, and in-store and in-restaurant purchases.”

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Domains

GCash, Alipay target Chinese tourists with new payment scheme

April 17 2018

• in
• Mobile Money
• Phillippines

“Globe Telecom’s fintech arm Mynt and Ant Financial on Monday jointly launched a new QR Code solution that will allow Philippine merchants to accept local GCash payments as well as payments from Chinese tourists using Alipay in one single connection. “By jointly establishing this QR code with Alipay, all merchants working with GCash will be able […]

On The Wires

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Global

OneConnect Partners With UnionBank’s Fintech Subsidiary UBX to Co-create Philippines’ First Blockchain-enabled Platform for MSMEs

July 22 2019

• in
• Blockchain
• Phillippines

“OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, has partnered with UBX Philippines Corporation, the wholly-owned fintech subsidiary of Union Bank of the Philippines (UnionBank), to build the country’s first blockchain-enabled platform to meet the banking needs of micro, small and medium enterprises (MSMEs). The partnership underpins both […]