GCash users in 16 countries can sign up with their international mobile numbers with their Philippine passport or other Philippine ID as proof of identity.
Fintech Holdings Ltd. -- more popularly known as Salmon -- has secured an up to $7-million (about P391-million) equity investment from the World Bank Group's International Finance Corporation (IFC) to expand its data- and tech-driven consumer financial services in the Philippines.
With the launch of the Plentina app’s initial launch back in 2020, the ambitious fintech startup has now successfully ventured from Buy Now, Pay Later (BNPL) store credit for underserved Filipinos to offering a complete suite of financial wellness tools for multiple segments of the Filipino community.
The company said Mocasa aims to revolutionize the financial services industry by leveraging advanced technology and data analytics to offer enhanced credit and payment solutions to consumers.
Almost one in two (49%) of fintechs have identified KYC or Know-Your-Customer checks as their top challenge, according to a report from tech firm TDCX.
The payments business of banks are now “increasingly being eaten away” by smaller and more nimble players in the financial technology (fintech) space, representatives from financial software company Finastra shared in an interview with Newsbytes.PH.
The ASEAN Access to Digital Finance Study measures the impact of digital financial services for consumers and MSMEs in Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
PH fintech startup Plentina is celebrating its second anniversary this October and reported that the number of users of its app has reached 286,000 users.