GCash Reaches Milestone With 60M Registered Users


GCash now has more than 60 million registered users. GCASH — The Ayala-led fintech company said on Tuesday that it has reached a milestone with more than 60 million registered users nationwide. GCash president and CEO Martha Sazon, who was recently recognized as a Master Innovator for Digital Transformation Innovation during the 2nd Annual Mansmith … Read more

NextPay Eyes Cryptocurrency Services Offering


NextPay was looking to expand its offerings to include crypto services. NEXTPAY — The financial technology startup was looking to expand its offerings to include cryptocurrency services in a bid to sustain growth after recording PHP 1-billion worth of transactions last year. NextPay Chief Experience Officer and Co-Founder Aldrich Tan said that the fintech company … Read more

NPC Says Banks, Fintech Companies To Freeze Accounts Of Text Scammers

text scammers

Banks and fintech companies will freeze the accounts of text scammers, according to NPC. NPC — The National Privacy Commission said that banks and financial technology (fintech) companies will freeze the accounts of text scammers. According to a report on Inquirer, NPC Chair Raymund Liboro said in a phone interview that banks and fintech firms … Read more

DOF Wants Fintech Companies “Properly” Taxed, Regulated


The DOF wanted fintech companies to be “properly” taxed and regulated. DOF — The Department of Finance wanted fintech companies in the Philippines to be properly taxed and regulated while urging the sector’s growth and continued innovation. On Tuesday, DOF Secretary Carlos G. Dominguez III said in a statement that he has tasked the Bureau … Read more

DOF Says BIR To Strengthen Tax Regulations As Fintech Usage Grows


The BIR will strengthen tex regulations as fintech usage grows, according to DOF. DOF — The Department of Finance said on Friday that the Bureau of Internal Revenue (BIR) will strengthen tax regulations for the financial technology (fintech) industry as online transactions continued to gain traction during the pandemic. Revenue Deputy Commissioner Marissa Cabreros recently … Read more

BIR Encourages Fintech Companies To Register, Pay Taxes


The BIR encouraged fintech companies to register and pay taxes. BIR — The Bureau of Internal Revenue encouraged financial technology (fintech) companies to register and pay their taxes in order to avoid tax evasion charges. BIR Commissioner Caesar R. Dulay recently made the appeal following reports that many of those financial technology companies have yet … Read more