Tonik said it aims to disrupt the Filipino retail banking industry by bring to the market a revolutionary and completely branchless way of banking on a secure mobile platform.
With the move, JG Summit, through its corporate venture capital vehicle JG Digital Equity Ventures, is boosting its foray into the fintech industry as part of its goal of becoming one of the biggest digital conglomerates in the country and in Asean.
State-run Land Bank of the Philippines has announced that transactions facilitated through its six major electronic channels grew by 21% in volume and 36% in amount in 2020 from 2019.
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.
Analytics software firm Fico has released a new survey which found that the complexity and cost of validating the identity of digital banking customers are the top pain points for banks in the Philippines.
Digital banking platform provider Backbase announced on Tuesday, Oct. 6, the appointment of Aileen Lopez Sanchez as the country sales manager for the Philippines.
The national government, spearheaded by the Department of Finance and Landbank, has launched the Overseas Filipino Bank (OFBank) as a digital-only, first branchless government bank that allows overseas Filipinos to perform banking transactions anytime and anywhere in the world.
