Adoption of mobile fintech apps to reach nearly 80% by end of 2024
The growth is expected to come from the Digital Commerce segment, (34%), followed by Digital Wallets (27.2%), and Digital Banking (8.6%).
Category: FinTech
News from the world of financial technology (FinTech).
Kaia unveils mainnet to accelerate consumer adoption of Web3
Blockchain firm Kaia has announced its mainnet launch alongside the Kaia Wave builder support program to accelerate consumer adoption of Web3.
How can insurtech firms attract Gen Z crowd?
Igloo gives insights into how insurtech can attract Gen Z and boost insurance penetration in the Philippines and Southeast Asia.
Globe Telecom focuses on Web3, tokens in new service
One of the products of The Binary Holdings, specifically, Fando, is a tokenized video streaming platform that will allow Globe users to earn tokens.
Palawan Group partners with eTap on digital cash ins
Financial services company Palawan Group partners with eTap, a company that offers self-service payment machines and kiosks.
GCash unveils ‘green’ initiatives in FutureCast 2024
Mobile wallet leader and super app GCash unveiled its “green initiatives” at the recent GCash FutureCast 2024.
Digido customers can now use QR Ph for cash loan payments
The integration enables Digido clients to use a QR Ph code for cash loan payments and quickly repay their outstanding loans by scanning or uploading a static or reusable QR Ph code through a wide range of electronic wallets or banking apps.
Credit agency taps ADVANCE.AI on new credit bureau in the Philippines
ADVANCE.AI is set to commence operations in the fourth quarter of 2024 with the primary target audience being fintechs, thrift banks and digital banks.
Insurtech firm Igloo unveils Ignite app in the Philippines
Regional insurtech Igloo has announced Ignite’s launch in the Philippines to help insurance sales intermediaries in the country digitalize operations.
GCash value soars to $5 billion after fresh investments
This latest deal pushed Mynt’s valuation to $5 billion (about P289 billion), more than doubling its $2 billion valuation from the last funding round in 2021