Vesta: 2 in 3 Filipino Online Shoppers Prefer Paying via E-wallet
A recent survey revealed that 68% of Filipinos, or 2 in 3 online shoppers in the Philippines, prefer using e-wallets as their mode of payment for transactions.
A recent survey revealed that 68% of Filipinos, or 2 in 3 online shoppers in the Philippines, prefer using e-wallets as their mode of payment for transactions.
1 in 5 Filipinos will back out from opening an account via a mobile app or website if they are asked more than five questions.
Globe Chief Commercial Officer Issa Guevarra-Cabreira expressed their excitement to “explore and support these big business ideas using the promising technology of 5G as we aim to create and deliver a richer and fuller customer experience.”
Commissioner Lee acknowledged that regulating fintech is challenging because it entails foreseeing the risks and making room for them in order to encourage innovation.
Additionally, the foreign CIS must be concurrently offered in the Philippines and in its home jurisdiction. It must comply with the Standards of Qualifying CIS, along with its CIS operator and trustee/fund supervisor; and must also comply with the disclosure requirements of the SEC.
BSP announced that it will no longer be receiving applications for new digital banks including banks wanting to convert their status from 1st September 2021.
The first stage is to provide digital asset custody to UnionBank employees.
PDAX said it will use the fresh funds fuel the company’s short and long-term growth plans as it continues to expand and improve its product and service offerings, support current operations, and improve the Bonds.ph platform.
By Shiela Bertillo The Banko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno urged social media and e-commerce platform Lyka to secure a payment operator license from the central bank “to keep things in order” in an interview with ANC News. Lyka is a platform launched in the Philippines by a Hong Kong-based company that allows…
UnionBank is the first publicly-listed Philippine bank to be granted a digital banking license by the BSP.