Posted inSpotlight, Tech News

71% of Filipinos use apps for sending and receiving money

The Philippines is experiencing a significant shift towards digital remittances, with 71 percent of Filipino remittance users adopting app-based solutions for sending and receiving funds, according to a Visa study. The study, entitled “Money Travels: 2023 Digital Remittances Adoption,” surveyed Filipinos residing in the Philippines from mid to late December 2022. Besides noting the high […]

Posted inTech News, Telecoms

DITO Telecommunity secures $1.18 billion bridge loan extension from Chinese lenders

Following months of attempts to secure funding for its expansion plans, DITO Telecommunity has finally renewed its bridge loan with the China Minsheng Banking Corp. and Bank of China. DITO’s parent company, DITO CME Holdings Corp., claimed that the $1.175 billion bridge facility was outstretched, per word to the Philippine Stock Exchange (PSE). According to […]