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…
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…
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.…
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…
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…
