Globe CEO Says GCash Targets IPO ‘Sometime in 2025’
Is GCash going to consider a dual listing in the U.S.?
BSP Approves Local E-wallet GCash’s Overseas Expansion
Overseas users can now send money for free (GCash-to-GCash), pay bills, and instantly purchase load credits with minimal effort on the app.
Update: GCash IPO Targeted At “Opportune Time”
Boasting over 80 million users, the company is strategically positioning for global expansion.
BIR Implements 1% Withholding Tax to Online Sellers
BIR implements a 1% withholding tax on gross remittances by e-marketplace operators to online sellers. Exemptions for low-earning sellers.
Financial Inclusion Survey Clearance to Conduct Granted
The Philippine Statistics Authority said it has granted the Bangko Sentral ng Pilipinas to conduct the 2019 Financial Inclusion Survey (FIS) on January 8, 2020 in partnership with The Nielsen Company Philippines, Inc.
Fintech Transactions Expected to Double in 2022
The 2019 Genomre Report cited that the Philippines’ fintech market is projected to reach $10.5 billion by 2022.
BSP to Fintech Firms: Go Beyond Payment Solutions
A robust payment solution is important for financial inclusion, and many fintech firms are providing ways to tackle that specifically. However, it is time that fintech firms focus on the supply chain for the benefit of micro, small, and medium enterprises, said a Bangko Sentral ng Pilipinas (BSP) officer.
ING Bank and Unicef to invest $400k in Fintech Startups
The program is in line with ING’s current efforts to leverage technology to become more client-focused and sustainable.
You Can Renew Business Registrations Online Thanks to PayMaya, GCash, LinkBiz
The Department of Trade and Industry (DTI) has made renewing business names more easier by partnering with e-payment platforms so that proprietors can renew their business registration online.
PayMaya Bullish on Fintech Adoption in the Philippines
Popular e-wallet PayMaya is targeting to achieve Php 1 trillion worth of transactions as it remains bullish in fintech adoption in the Philippines.