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In this edition of Esquire Philippines' The Chief, we put the spotlight on RCBC’s new president and CEO. Leading with strategy, adaptability, and heart, Reggie Cariaso is charting a new path for one of the country’s largest financial institutions.
The Chief is Esquire Philippines' space for company leaders and founders. It's a way to get to know the movers and shakers and captains of industry not just from within the boardroom, but, more importantly, outside of their collared shirts, suits, ...
Salmon aims to revolutionize banking in the region through AI
Salmon Group Ltd., a rising leader in financial technology and financial inclusion in the Southeast Asian region, announced that it has raised $88 million (about P5 billion) in combined funding to drive the Philippine fintech industry.The deal consisted of a $60 ...
The app will no longer offer their services in the country starting December this year.
Financial services app eToro is ending its operations in the Philippines. The app, which describes itself as an investing and trading platform that aims to make trading accessible to anyone, anywhere and reduce the dependency on traditional financial institutions, made the announcement ...
While other countries are beefing up their gold reserves, the Philippines unloaded nearly 25 tons of gold so far in the first six months of the year, according to official reports.
The Bangko Sentral ng Pilipinas has reacted to this story. Read the statement here.Just how valuable is gold nowadays? As of August 2024, gold topped $2,500 (about P140,000) per ounce for the first time in history. That means a ...
There's going to be some big changes coming for the Asian Development Bank.
There's going to be some big changes coming for the Asian Development Bank (ABD). President Masatsugu Asakawa had recently announced his intentions to leave his post in 2025. The man who has been nominated to replace him is none other than ...
Early access starts in September.
Rakuten Viber is set to launch Viber Pay in the Philippines soon, making it the first messaging app in the country to offer a fintech feature. Already available in Germany and Greece, Viber Pay will enable users to check balances, send money, ...
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BDO had the highest income at P39.4 billion from January to June.
A number of major banks in the Philippines saw improvements in their financial performances in the first half of the year. These are driven by the stronger reception of their core businesses and services, including consumer loans.Leading the charge is BDO ...
It can be accessed through the e-wallet's GCrypto feature.
A new stablecoin has officially been introduced to the Philippine market. Financial technology firm PayPal has made its own stablecoin, PayPal USD (PYUSD), available to the public through the e-wallet brand GCash.ALSO READThe BSP Has Approved the Country's First- ...
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Ayala Corporation has upped its stake in Mynt by eight percent.
Mynt, the parent company of GCash, has more than doubled its valuation to $5 billion after Ayala Corporation increased its ownership stake in one of the most popular e-wallet brands in the Philippines.Ayala, through its wholly-owned subsidiary AC Ventures ...
Offering more affordable and flexible payment options.
Rizal Commercial Banking Corporation (RCBC) has rolled out a new vehicle loan for consumers as part of its efforts to make its lending portfolio more inclusive."Designed to provide unparalleled flexibility, this product allows customers to enjoy lower monthly amortizations without the ...
QR-based credit cards will just be the beginning.
Plans are now underway for GoTyme Bank to roll out its own credit cards. According to the digital bank, it is preparing to launch a "QR-based credit card" early next year. Physical credit cards may follow by the end of 2025 ...
Find out which branches you can visit for now.
Severe flooding brought by Typhoon Carina, enhanced by the southwest monsoon, has forced several companies and businesses to temporarily shut down operations. These include major financial institutions, which have shortened their operating hours in the aftermath of the typhoon.A total of ...
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