Good-to-Know: How digital solutions can help MSMEs sustain remote business operations

Remote operations for most industries, especially the micro, small, and medium enterprises (MSMEs) has become the new norm. This compels businesses to manage their operations with help from new solutions that leverage technology. Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, believes that digital and online solutions can help MSMEs adapt and regain their competitiveness even during a crisis. 

“Nobody knows when this crisis will be over. However, by providing access to the right tools and technology, we can help our entrepreneurs weather the storm and allow their businesses to survive and thrive amid the pandemic and its subsequent restrictions,” says PSBank Senior Vice President for Marketing Noel Tuazon.   

MoneyGram and PayMaya Introduce Real-Time Payment Solution for Fund Transfer from United States to the Philippines using Visa Direct

MoneyGram is the first in the industry to enable Visa’s real-time push-payment solution in the Philippines

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced a partnership with PayMaya Philippines to launch a new digital capability that allows customers to send money from the United States to the Philippines through Visa Direct, Visa’s real-time push-payment solution[1]. Consumers in the United States can use the leading MoneyGram mobile app or website to send money that arrives almost instantly to any PayMaya Visa cardholder located in the Philippines.

“Our digital business is delivering phenomenal growth driven by strong demand for our customer-centric capabilities as well as our leading global network that enables consumers to quickly and conveniently receive money directly into their bank accounts,” said Kamila Chytil, MoneyGram Chief Operating Officer and leader of the Company's digital business. “Our strong partnership with Visa Direct has been an important part of our strategy to accelerate digital growth over the last few years, and I’m excited about how this latest integration with PayMaya will further improve the customer experience and drive digital growth.

ING and UNICEF launch ‘Fintech for Impact’ initiative to support fintech start-ups in Philippines

ING Bank and UN children’s agency UNICEF have launched an initiative in the Philippines called ‘Fintech for Impact’ to support start-ups developing digital solutions that aim to empower young people, children and families.

Five start-ups that are building financial technology (fintech) solutions will receive equity-free investments, as well as technical and business mentorship from UNICEF, ING, and other experts for one year.