The SEC said Super Cash Lending Corp., operating through its online lending platforms Super Cash, Cash Porter, and Loan Bee, threatened borrowers with shaming on social media through the publication of their loan and personal details, as well as with estafa and theft charges.
Earlier this month, Makati, Manila, Marikina, Calamba, Tagaytay City and Legazpi in Albay were the first LGUs to set up their one-stop shop for permitting requirements of telcos.
The two Philippine FinTech groups -- FinTech Alliance.PH and FinTech Philippines Association – have announced plans to collaborate on the launch of the Philippines Fintech Industry Sandbox, which is supported by the UK Prosperity Fund Asean Economic Reform Program (Asean ERP).
Globe said it was able to build 500 cell towers in 2018. A year later, the company doubled its rollouts with 1,100 new sites. Even with the pandemic this year, the telco said it remains on target to rollout 1,300 sites this year.
Local telcos Globe Telecom and Smart Communications have released an update on their infrastructure rollout, a few months after the government reduced the number of days and requirements for building cellular sites.
Of the intellectual property violations this year, IPOPHL said 79 were operating online – 53 from Facebook, seven from Shopee, six from Lazada, three from YouTube, and one each from Carousell, Instagram, and Vineyard.
The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new bank category that is separate and distinct from existing bank classifications.