Visa and USSC Money Services Inc. (UMSI) have launched a service that allows micro, small, and medium enterprises (MSMEs) to accept contactless card payments through smartphones, eliminating the need for conventional point-of-sale (POS) terminals.
The Department of Trade and Industry (DTI) and Converge ICT Solutions Inc. have opened a center in Makati City that will provide local companies and startups with training, demonstrations, and technical guidance on adopting artificial intelligence (AI) and other digital tools.
Converge ICT Solutions saw its enterprise business grow by double digits in the first half of 2026, helping offset slower growth in its residential broadband segment and pushing consolidated revenues to P22.4 billion.
Pres. Ferdinand Marcos Jr. has designated a 28.8-hectare information technology park in Lipa City, Batangas as a special economic zone, placing the development under the Philippine Economic Zone Authority (PEZA).
Apple Pay is now available in the Philippines, allowing users to make contactless and online payments through their iPhone, Apple Watch, iPad, and Mac.
Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in Philippine data centers and logistics parks as the government promotes the country as a regional digital infrastructure hub amid questions surrounding its proposed Pax Silica initiative.
The Bank of the Philippine Islands (BPI) is developing an agentic artificial intelligence (AI) system for auto loan processing as part of a broader plan to deploy the technology across customer service, credit evaluation, and other banking operations.
Philippine merchandise exports reached a record $8.8 billion in June 2026 as growing demand for semiconductors used in artificial intelligence, Internet of Things devices, and hyperscale data centers boosted electronics shipments.
The Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. (PPMI) have launched three interoperable payment services covering recurring bills, account funding, and higher-value business transfers.
A bill filed in the House of Representatives seeks to require financial institutions to consider alternative consumer data in credit assessments, potentially giving Filipinos without conventional banking records greater access to loans and other financial services.
