FinTech Alliance PH welcomed the Bangko Sentral ng Pilipinas’ clarification on Circular No. 1238, saying the central bank has confirmed that the regulation is intended to promote cost-based fair pricing rather than impose zero transaction fees on digital financial services.
As digital lending expands access to credit for millions of Filipinos, financial technology firm Tala is calling for stronger consumer protection and ethical debt collection practices, arguing that financial inclusion must go hand in hand with borrower dignity.
Many Filipinos still associate debt with financial distress, but fintech firm Salmon is betting that changing that perception could encourage greater adoption of formal credit and improve financial inclusion.
Buy Now, Pay Later is gaining traction in the Philippines because it gives shoppers more room to manage purchases while helping merchants close more sales.
As digital finance becomes increasingly embedded in the daily lives of Filipinos—from mobile wallets to cryptocurrency platforms—the Securities and Exchange Commission (SEC) is intensifying efforts to promote responsible fintech growth while protecting investors from emerging risks in the rapidly evolving landscape.
Filipino startups are proving they can compete globally, with Kaya Founders saying more homegrown companies are now building in the Philippines and scaling abroad despite a challenging environment.
The Securities and Exchange Commission (SEC) has approved the application of Blockshoals Technologies Inc. to test its financial products and services within the Commission’s regulatory sandbox framework, advancing its commitment to support responsible innovation in the financial sector.
Maya, a major player in the Philippines’ fintech and digital banking space, has introduced a new security model for credit cards that puts customers directly in control of protecting their accounts.