Payment Service Providers

From PayMaya website

PayMaya targets double digit user growth this year as it targets millennials

PayMaya Philippines Inc., formerly Smart e-Money, Inc., is targeting double-digit growth in users this year, as it further expands its presence both here and overseas.

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BSP Deputy Governor Diwa Guinigundo told members of the Credit Management Association of the Philippines (CMAP) the Philippines is ready for the technological breakthroughs under the Fourth Industrial Revolution. Photo and caption from Philippine Star

BSP adopts multi-pronged approach for technology

The Bangko Sentral ng Pilipinas (BSP) has adopted a multi-pronged approach to deal with the impact of technology on economic growth, stability and financial inclusion.

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Pioneering digital access to finance for farmers. In photo are FINTQ Managing Director Lito Villanueva, Voyager President and CEO Orlando B. Vea, PLDT, Smart, Voyager and FINTQ Chairman Manuel V. Pangilinan, Producers Bank Chairman and Chief Executive Officer Andres M. Cornejo, Producers Bank Board Director Gilda E. Pico, and Producers Bank President and Chief Operating Officer Manuel A. Castañeda III. Photo from Manila Bulletin

ASEAN’s first digital agri crop loans set to launch via Lendr

Starting next month, farmers can already apply for loans which could help them finance and increase their farm production, through the country’s first mobile-based digital agricultural crop loan service offered by thrift bank Producers Savings Bank Corporation (Producers Bank) via Lendr, FINTQ’s award-winning and pioneering digital lending platform.

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Image from Fidelity IT Solutions

Multifactor authentication now mandatory in all online financial engagements

It is now mandatory for banks, financial institutions and their clients to employ so-called multifactor authentication systems when transacting online as countermeasure in a feared surge of cyber attacks in the country.

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Image from kiplinger.com

New technological ways to pay are trending on social media

Digital wallets continued to gain prominence in smartphones and laptops worldwide and dominated the discussion of new ways to pay, with the topic now topping 83 percent of Asia Pacific conversations and 75 percent of global conversations tracked in the 2017 edition of the Mastercard Digital Payments Study.

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