Fintech apps that blew our minds (and helped our wallets) in 2020

2020 saw significant changes to the way we live, work and play. As people stayed in the safety of their homes for weeks and months on end, we needed to alter our daily routines and use technology more than ever. From Zoom meetings and food deliveries to online shopping and Netflix bingeing—and occasionally, doing all these things at the same time—our smartphones, laptops, and the almighty internet have become absolute musts in the new normal. 

So it comes as no surprise that technology has also become indispensable in helping us buy, finance or otherwise acquire all the delicious food, irresistible shopping deals, and other wonderful things and everyday necessities that have kept us alive and well in 2020. Now more than ever, people need fast, safe and secure ways to make payments, send or receive money from loved ones, and apply for loans or other financial tools—especially those who are using these tools for the very first time under extraordinary circumstances. 

Fintech will drive ‘new normal,’ as cash may pose risks on health safety

The COVID-19 pandemic has forced the whole world to drastically change its old ways. Most of its population went into isolation to flatten the curve. In the Philippines, Luzon has been placed under an enhanced community quarantine (ECQ), which meant limited mobility and fewer options for most people since businesses were closed down. 

Since everyone is affected by a general anxiety of contracting the coronavirus, private citizens have also imposed upon themselves to observe safer and more hygienic practices to avoid transmission of the disease. While these were once deemed “alternatives” before the pandemic struck, they are sure to remain in the post-COVID world as part of the new normal.

Pandemic highlights need for fintech revolution

The national health crisis caused by the spread of the coronavirus disease 2019 (COVID-19) has highlighted the need for a financial technology (fintech) revolution in the Philippines, one where digital transactions become the new normal to keep people in their homes and help flatten the curve.

Digital finance is now emerging as the core of services today in the Philippines. Now, people are using their e-wallets to pay for bills, transact with merchants, send and receive money to and from loved ones and friends, and even donate to the ongoing efforts to curb the spread of the virus.

Adapting to the new normal: Fintech is bedrock of digital services as PH fights pandemic

The pandemic has changed the way Filipinos deal with everyday life. Today, services are now delivered through digital platforms, and adjusting to this new reality may come in with some form of learning curves.

Now, Filipinos are advised to leverage digital technologies and smartphone apps in conducting day-to-day activities to reduce their risks of contracting COVID-19 outside their homes. For most, working from home has become the new normal, and social interaction is now being done through social networking sites and messaging apps.

Driving inclusive finance through mobile technology: Fintech leader GCash says PH making strides in promoting financial inclusion

Leveraging technology for digital finance has long been recognized by major think tanks and global, multilateral, and intergovernmental organizations as a catalyst in promoting inclusive finance especially in emerging markets like the Philippines.

Financial technology (fintech), according to studies conducted by the World Bank and Alliance for Financial Inclusion, plays a key role to providing access to the unbanked and underbanked, as it brings financial tools and instruments closer to those who need them the most.

China and India have been successful in improving the state of financial access in their countries through fintech players, and their citizens are now reaping the huge benefits of financial services today.

Welcoming a Fresh Start for Your Finances

Let the New Year mark new beginnings when it comes to your money

New Year, New You.

For many of us, the start of the year is a much welcomed trigger to change or improve upon any habits we have. This rings especially true when it comes to our money habits, so it’s quite common to hear ourselves saying, “I’ll be more responsible with my money this year.”

Payoneer Forum Opens More Insights For The Growing Digital Economy

Payoneer regional head and country manager Miguel Warren
 offers support for the SME BPOs and freelance professionals
and help enable their businesses to go global.

Global fintech company Payoneer successfully staged their flagship event, “The Payoneer Forum: Go Beyond and Expand Globally” recently held at the SM Aura SMX Convention Center in Taguig City. 

In addition to attracting Manila-based freelancers, business owners and online entrepreneurs to the forum, Payoneer also flew in several delegates from the provinces for free in order to include enterprising Pinoys from the rural areas.

The forum provided information and ideas for the growing community of Filipino digital entrepreneurs, startup BPOs and freelancers, equipping them with knowledge about industry trends and expanding a business globally.

Payoneer to fly four promo winners to Manila forum

Business possibilities are endless for Filipino entrepreneurs who can go beyond local and be global.

Global fintech company Payoneer is holding “The Payoneer Forum Manila: Go Beyond and Expand Globally,” an empowering forum for online outsourcing agencies, SME BPOs, online professionals and digital entrepreneurs, on December 1, 2018, Saturday, 9 a.m to 6 p.m., at the SM Aura SMX Convention Center, 8 McKinley Parkway, Taguig City.

Mynt makes hassle-free lending available to every Filipino; introduces 1st trust score in PHL

Mynt, the fintech startup owned by Globe Telecom, Ant Financial, and Ayala Corporation, takes the next big step in financial inclusion by making hassle-free loans available to every Filipino through its lending arm, Fuse, which primarily caters to the underserved and unbanked population in the country.

Fuse offers GCredit and GScore for lending and credit scoring, respectively.  GCredit is a credit line attached to one’s GCash account with funds they can then use to buy groceries, medicine, or even school supplies in partner merchants via GCash scan to pay.  The amount they can avail of is determined by GScore, the first trust score in the Philippines which checks the financial capacity of an individual to pay back a credit based on their GCash usage. GCash is a mobile money service of Mynt.

GCash Partners With AliPay HK Making A New Remittance Revolution!

With a large number of OFWs working in Hong Kong, it has be known to be large contributor to foreign remittances to the Philippines which both contributes to the economy and helps their families. But with long line and high fees, it seems that sending money also means additional hassle.

But in an incredible partnership with GCash and AliPay HK, they have opened a new remittance revolution that will cut costs and the lines and make the transactions in seconds!