The Securities and Exchange Commission (SEC) has fined Global Dominion Financing P50,000 for abusive debt collection practices, including the use of aggressive digital communications, as regulators tighten oversight of how financing firms deploy technology in dealing with borrowers.
A ₱1.75-billion credit facility aimed at expanding access to financing for micro, small, and medium enterprises (MSMEs) was formally launched on Feb. 6 through a partnership involving Fuse Financing, the credit unit of Mynt, operator of GCash, the Asian Development Bank, and the Mastercard Impact Fund.
Non-profit group Foundation for Media Alternatives (FMA) has released a new report on the mobile lending issue, which has been lingering in the last couple of years due allegations of debt-shaming and other forms of harassment.
Small borrowers and lenders looking to secure a loan or lend money can now do so easily and safely through MoneyMatch, an online peer-to-peer (P2P) lending platform developed by FinTech Global Resources Inc.
