Asialink Finance ranks among the largest non-bank financial institutions in the Philippines, boasting a nationwide presence, a multibillion-peso loan portfolio, and over 200,000 SMEs served nationwide. Here’s the story of its chairman and co-founder.
In a world where financial success is often measured by titles and degrees, Ruben "Rubby" Lugtu II defied convention. He wasn't groomed in a corporate boardroom or taught business strategy at an Ivy League school. He learned everything on the field- ...
Here’s the story of fintech startup OneLot, which supports family-owned used car dealerships in the Philippines.
If you've given up on public transportation but can't afford a brand-new vehicle just yet, buying second-hand is the way to go. The used car market in the Philippines is one of the fastest-growing in the world, ...
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 ...
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 ...
A study reveals credit card volume among Filipino adults rose to 11.2 million.
Whether for needs, emergencies, or guilty pleasures, credit cards have long been our spending companion. The modern borrowing tool dates back to the late 19th century, though it wasn't until the 1950s when it took off. And it's clear that ...
For micro, small, and medium-sized businesses in the Philippines.
Financing company Asialink Finance Corporation has secured a P125-million credit line from South Korea's Hana Bank Global to boost its lending capabilities for small businesses in the Philippines, especially those who have no access to traditional banking services. "This breakthrough ...
Food lovers can get cash backs of up to eight percent in restaurants across Asia.
For those who love exploring countries through food, this new credit card is for you. HSBC Philippines has recently launched a new Visa credit card packed with lifestyle perks for the internationally-minded consumers. Called HSBC Live+, its benefits include cash backs ...
A "pay later anywhere" card is in the pipeline for countries including the Philippines.
Atome Financial, a leading financial technology platform in Southeast Asia, has secured a new loan facility from Singapore-headquartered EvolutionX Debt Capital. The investment, which hopes to raise an additional $100 million through a syndicate of investors, has a three-year term. ...
The latest investment worth P410 million is from World Bank Group's International Finance Corporation.
Financial technology company First Circle has secured P410 million ($7 million) in investment from Washington-headquartered International Finance Corporation (IFC). The capital will allow the fintech to raise funds to expand its loan book for small and medium enterprises (SMEs). For IFC, ...
Partner retailers will now have the opportunity to use the loans from the Yuchengco-led bank for their businesses.
There is a new lending option that aims to support micro, small, and medium enterprises (MSMEs) in the Philippines, as entrepreneurs continue to struggle to get access to loans. Through its team-up with financial technology solutions provider TrueMoney, the Yuchengco-led ...
Maya Bank and WeFund Lending Corporation have signed a P2.75 billion loan channeling deal aimed to make more credit packages available in the Philippines. The agreement between the two lenders is another move to cater to unbanked communities, specifically those in ...
Unlike its Southeast Asian neighbors, the Philippines may be seeing its credit growth "declining" in the coming months. This is despite the fact that the country has been picking up pace in bank lending post-pandemic, according to research conducted by the ...
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