Manila Halts Approvals for Digital Payment Operators Pending Fraud Review
A twelve-month freeze on licensing will let the central bank overhaul merchant verification rules and build a national QR database to trace transactions
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A twelve-month freeze on licensing will let the central bank overhaul merchant verification rules and build a national QR database to trace transactions

New survey data reveals growing comfort with credit products even as near-term financial confidence weakens across the archipelago

Philippine bank partners with Gogolook to give eligible clients Whoscall Premium as fraudulent calls and messages grow more sophisticated across Southeast Asia.

A wave of Vietnamese lenders is accelerating capital-raising efforts through new share issuances worth billions as they prepare for tighter Basel II compliance and expansion into digital services.

Singapore's digital bank enters the credit card market with unlimited cashback and a S$30,000 minimum income requirement, leaning on parent ecosystems Grab and Singtel.

South Korean fintech operator's operating profit rose 59% as in-app services drive expansion across digital finance platform

Sen. Erwin Tulfo argues that meaningful financial inclusion requires removing barriers like minimum balances, complex processes, and unfamiliar digital interfaces that keep millions out of formal banking.

The Philippines' largest telco posts six percent profit decline while its VITRO unit and Maya bank emerge as key revenue contributors amid flat mobile and broadband performance

Rising digital adoption and anti-scam legislation pushed complaint volume up threefold, while mediation success rates dropped as Filipinos explored alternative legal remedies

Industry players cite new BSP pricing framework as justification for charging fees based on actual service costs

South Korea's digital bank reports record first-half profit of $229.7 million despite household lending constraints under regulatory pressure

The bank's AI-powered virtual assistant handled 22% more chats in the first half of 2026, with active users jumping 61% as DBS extends automation across retail and corporate banking operations.

The Philippines' first digital-only bank deploys conversational AI platform to analyze customer engagement and improve operational consistency

The Philippine lender's ecosystem approach - spanning rural access, government payments, and cross-border accounts - sets a new benchmark for regional digital finance.

Sea's digital bank uses parent company's e-commerce platform to assess credit risk while building foundations for regional expansion

The Singapore wealth platform's second-quarter net profit hit S$29.8 million while assets under administration climbed to a record S$36.1 billion

The mobile-first lender becomes the seventh digital bank authorized by the central bank, joining a competitive field reshaping Filipino retail finance.