Business IT

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).

Smart will be utilizing Cignal’s VSAT technology as a broadband backhaul in areas that are difficult to reach through land-based networks.

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.

Leechiu Property Consultants cited in particular the increased demand in Iloilo, surpassing Cebu and Clark in Pampanga for the first time.

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.

Companies across industries are reimagining everything they used to know and are rebuilding their operations.

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.

BSP governor Benjamin Diokno said that if the multiple daily clearing of PesoNet transactions works smoothly, then the central bank will allow clearing for these transactions on weekends and holidays.

Digital bank ING Philippines announced on Tuesday, Nov. 24, the launch of its payment account “ING Pay” that is designed to make digital payments more convenient and secure.