FILIPINO Americans can now sign up for the first-ever digital bank built with their cross-border financial responsibilities in mind. BayaniPay has tied up with California-based East West Bank to launch a pioneering neobank that will cater to the banking needs of more than 4 million Filipinos based in the United States. A neobank, also referred…
With global remittances reaching the new highs the Philippines remains as one of the top recipients with more than $34 billion sent by Pinoys home globally. Nearly a third, $11 billion is sent back to the Philippines annually from the US, according to the Pew Research Center. With such a staggering sum of money being transferred…
Real-time remittance service made available between Hong Kong and the Philippines HONG KONG and MANILA, 25 June 2018 – AlipayHK and GCash today announced the launch of a cross-border remittance service through their e-wallet platforms, powered by cutting-edge blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group (“Ant Financial”,…
