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.
SpaceX is setting up a local business entity that will provide Internet service through low-earth orbit (LEO) satellites and is targeting to launch the first gateway for their satellites before June 30.
Tamiya’s existing factory in the Philippines, specifically in Mactan, Cebu is housed inside a 40,000 sq. meter facility with over 1,200 workers engaged in model assembly.
In an order issued April 26, the SEC directed Golden Cash, Help Cash, and Grace Cash to stop conducting lending activities without the necessary authorization from the agency and to stop employing abusive collection practices.
