THE Philippine digital lending market is expected to surpass $1 billion in the second half of 2025 due to growing demand for online technologies according to the latest report of Digido. This projected market size is a significant increase compared to the $796 million forecast for the end of 2024 and the $693 million recorded…
E-wallet pioneer GCash has strengthened its case to make the largest listing in Philippine history now that its valuation is up to $5 billion after welcoming fresh investments from the Zobels and the biggest Japanese bank. Analysts polled by The STAR believe that GCash’s parent Globe Fintech Innovations Inc. (Mynt) is close to going public,…
To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing PHP404 million (US$7 million) in Salmon Group Ltd (“Salmon”), an innovative AI-enabled financial company, that is a controlling shareholder of Rural Bank of Sta Rosa (Laguna), Inc. IFC joins a PHP1.4 billion ($25…