Posted inSpotlight, Tech News

Google is tightening lending apps approval process in the Philippines

The Philippines’ Securities and Exchange Commission (SEC) said that to fight the illegal and abusive lending practices in the Philippines, Alphabet Inc.’s Google promises to provide stricter approval and review process for lending apps in the Play Store. Google may require developers additional proof and documents to prove their license to operate as an online […]

Posted inBusiness, Tech News

Voyager Innovations raises $210M for PayMaya service expansion

Voyager Innovations, a digital unit of PLDT, has raised $210 million (approx. ₱10.9 billion) to expand the services of its online payment platform PayMaya. With the newly raised funding from SIG Venture Capital, EDBI, First Pacific Company, and other investment firms, Voyager has boosted its valuation to $1.4 billion (~₱72.8 billion). Existing shareholders such as […]

Posted inBusiness, Tech News

Coins.ph officially bought by Joffre Capital, Wei Zhou named as CEO

Coins.ph is now under new management, as tech buyout firm Joffre Capital has finalized its acquisition of the cryptocurrency exchange platform and obtained the needed regulatory approvals. Rumors of the acquisition surfaced earlier this month with then-owner Indonesian multi-service platform GoJek reported to have sold its stake of Coins.ph for $200 million (~Php10 billion). Now […]

Posted inGovernment

DOST Banana Processing Technology aims to help Filipino farmers

The Department of Science and Technology (DOST) has created a banana processing technology that will benefit 1,000 farmers in Bukidnon. Secretary Fortunato de la Peña announced through a video that the banana farmers in Lantapan, Bukidnon will be the first beneficiaries of the banana chips processing facility. The said banana chips processing equipment from DOST-Bukidnon […]