Fintech Alliance PH has drawn a hard line on industry misconduct, expelling online lender Digido Finance Corp. after regulators also revoked its license to operate.
The Securities and Exchange Commission (SEC) has revoked the corporate registration and financing license of Digido Finance Corp., effectively shutting down the company behind the online lending platforms UnaPay and UnaCash.
Digido has partnered with PalawanPay, the digital wallet of Palawan Group of Companies, to integrate its lending services directly into the app, allowing users to take out and repay loans seamlessly.