Digital banking and mobile wallets are becoming common channels for international money transfers among Filipinos, but high fees and security concerns continue to affect adoption, according to Visa's Money Travels 2026 report.

Vietnamese conglomerate Vingroup, the parent company of electric vehicle (EV) manufacturer VinFast, plans to invest $500 million or around P31.7 billion in EV manufacturing plant in the Philippines, with an initial production capacity of 200,000 vehicles annually, according to the Department of Trade and Industry (DTI).

Mynt, the parent company of GCash, debuted on the Philippine Stock Exchange (PSE) on Tuesday, Oct. 20, following an initial public offering (IPO) that could raise up to P60.9 billion, as the fintech company looks to expand beyond digital payments.

Singapore-based manufacturer MNEX is investing P180 million in a Batangas plant that will produce precision-molded components for consumer electronics, medical devices, and industrial products, with production targeted to start in early 2027.

A four-member Philippine team won the 2026 Cyber SEA Game, an annual cybersecurity competition for students and young engineers from Asean member states.

Social engineering scams account for 39% of fraudulent transactions and 36% of fraud-related losses in the Philippine banking industry, with fraudsters increasingly relying on deception to trick customers into transferring money or revealing sensitive information, according to the Bank of the Philippine Islands (BPI).

An estimated $136.5 billion was lost to scams across Asia, with 71% of adults surveyed reporting exposure to fraud in the past year, according to a new regional study by the Global Anti-Scam Alliance (GASA) and Gogolook, the developer of caller identification app Whoscall.

The National Computer Emergency Response Team (CERT-PH) has warned system administrators, Web developers, and hosting providers to patch two critical vulnerabilities in PHP that could allow attackers to remotely execute malicious code on affected servers.

Convert PH Inc., the company behind local Meta advertising agency convert.ph, has launched a self-serve Web application that generates Facebook ad campaigns from basic business information.

Manny Pay has denied reports or speculation that it is shutting down, saying it is preparing a new version of its payment app for launch next month.

Rakuten Viber reported increased user activity in the Philippines, with average daily time spent on the messaging platform rising 24% and monthly active users projected to grow 16.5%.

Google has rolled out Ask Maps in the Philippines, giving users a conversational way to find places, plan routes, and check road conditions through the Google Maps app.

Dongfeng Motors Philippines has launched the Mage EV, an electric SUV with a claimed driving range of 530 kilometers, priced at P1.398 million.

The Department of Trade and Industry (DTI) is proposing mandatory safety certification for light electric vehicles (LEVs) and their batteries before they can be sold in the Philippines, citing risks involving electrical malfunctions, overheating, and fires.

Electrified vehicle sales in the Philippines rose 136.4% to 38,286 units from January to July 2026, even as overall vehicle sales fell 10.2%, as the 14th Philippine Electric Vehicle Summit opened Thursday, Oct. 22, at the SMX Convention Center in Pasay City.

Vietnamese conglomerate Vingroup, the parent company of electric vehicle (EV) manufacturer VinFast, plans to invest $500 million or around P31.7 billion in EV manufacturing plant in the Philippines, with an initial production capacity of 200,000 vehicles annually, according to the Department of Trade and Industry (DTI).

Called the AI-based Non-Invasive Grading System for Durian, or AIDurian, the technology combines computer-based visual scanning, acoustic analysis, and deep learning to assess ripeness, surface defects, locule count, and fruit shape.

PLDT and Smart will install e-waste collection bins under their “Be Kind. Recycle.” program and conduct activities to promote proper disposal and recycling of electronic waste.

Appliance store Moderno Home Depot has introduced the MHD-4500 AI Smart Toilet in the Philippines, offering smartphone-based controls, automated hygiene functions, and voice command capabilities for P48,999.

Bambu Lab has opened its first authorized store in the Philippines at SM Megamall, providing a dedicated retail space for its desktop 3D printers, filaments, accessories, and other products.