The Philippines has joined 67 jurisdictions—including 10 in Asia—in committing to the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) by 2027 or 2028, marking a major step toward regulating digital assets and curbing tax evasion linked to cross-border crypto flows. The Department of Finance (DOF) made the commitment during the 8th […]

Advancing financial inclusion and digital transformation In a country where nearly half the adult population was once unbanked, mobile-first innovation is proving to be a game changer for financial inclusion. By leveraging digital technology, a pioneering banking initiative has successfully extended essential financial services—such as micro-loans, digital savings, and bill payments—to underserved communities across the […]

Filipinos are turning more frequently to digital lending platforms, with users spending an average of 12 minutes and 14 seconds per month on such apps in 2024, according to a report released on May 6 by financial technology firm Digido. The report found that consumers collectively logged about 1.54 billion seconds on lending apps last […]

GCash, the Philippines’ top mobile wallet, is expanding its digital financial offerings by integrating Circle’s USDC, a fully reserved digital dollar. The move provides millions of GCash users with seamless access to a stable digital asset for transactions, savings, and remittances through the app’s GCrypto feature. USDC is backed 1:1 by cash and cash-equivalent assets […]

The Hong Kong Economic and Trade Office in Jakarta (HKETO Jakarta) hosted a business seminar and luncheon in Manila on February 14, spotlighting the role of fintech and logistics in strengthening economic ties between Hong Kong and the Philippines. The event, titled “Building a Stronger Future: The Synergistic Power of Fintech and Logistics,” also celebrated […]