Fintech platform Maya, which used to be known as PayMaya, said it is confident that its rebranding and the addition of digital banking in its list of services will boost the app and eventually put it at par, if not surpass, its main rival GCash.
The use of EGov Pay, a system that allows digital payment for government services, jumped by 467 percent to over 91,000 transactions at end-2021 from around 16,000 transactions a year earlier, according to the Bangko Sentral ng Pilipinas (BSP).
Globe Business will be focusing on helping companies work together driven by new technologies as enablers in delivering more value to shared customers, the telco giant's corporate ICT arm said on Tuesday, May 24.
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc., (PPMI) said they will launch “Bills Pay”, “Request to Pay”, and “Direct Debit” facilities.
Meanwhile, Globe’s finance app GCash said it remains unfazed over its closest competitor Maya’s move to offer digital banking and cryptocurrency trading, saying a digital banking license is a silver bullet or magic for fintech business success.
Converge also said that its investment in a basketball team franchise in the Philippine Basketball Association (PBA) would bring immense exposure to the company.
The Philippine Economic Zone Authority (PEZA) said at least four foreign-based hyperscalers are looking into investing in the country but are still waiting for the developments of the May 9 polls before proceeding to their investment decision.
AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land, Inc. (ALI), recently signed a framework agreement with Flow Holdings to develop carrier-neutral data centers in the country.
Landbank said it facilitated a total of 39.14 million transactions amounting to P567.61 billion from its major digital banking channels in the first three months of 2022 — translating to a 36% and 22% year-on-year growth in volume of transactions and value, respectively.
BPI said that while many companies purposely reduced expenses during the pandemic, it spent nearly P9 billion or about 9% of total revenue in 2021 on technology, including new digital initiatives such as building and improving customer engagement platforms and onboarding new partners in its open banking business.
