{"id":296555,"date":"2021-09-21T10:27:41","date_gmt":"2021-09-21T10:27:41","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=327976"},"modified":"2021-09-21T10:27:41","modified_gmt":"2021-09-21T10:27:41","slug":"pldt-fintech-arm-readies-digital-bank","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/09\/21\/pldt-fintech-arm-readies-digital-bank\/","title":{"rendered":"PLDT fintech arm readies digital bank"},"content":{"rendered":"

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\tPhilippines-based PLDT\u2019s fintech arm PayMaya received a digital banking licence from the nation\u2019s central bank, supporting a goal to expand financial inclusion.<\/p>\n

In a statement, PayMaya explained the new Maya Bank will head PLDT digital unit Voyager Innovations\u2019 [1] push into financial services, in turn supporting a government goal of digitising 50 per cent of retail payments and expanding financial inclusion to 70 per cent of adults by 2023.<\/p>\n

PayMaya added Maya Bank\u2019s primary focus will be on unbanked and underserved consumers, and micro-, small- and medium-sized enterprises.<\/p>\n

PLDT chairman Manuel Pangilinan stated the digital transformation of the Philippines is at the top of its agenda, adding \u201cthis development is a big step forward for Voyager and PayMaya\u201d.<\/p>\n

\u201cMaya Bank will be a key vehicle in hastening digital adoption among Filipinos through inclusive financial services.\u201d<\/p>\n

Voyager Innovations and PayMaya president Shailesh Baidwan noted: \u201cWe will provide a powerhouse suite of intuitive, transparent and readily-accessible digital financial services\u201d.<\/p>\n

PayMaya\u2019s total registered users hit 40 million at end-August, more than doubling since the start of 2020. Services include an e-wallet, digital remittance network and non-bank merchant payments processing.<\/p>\n

The central bank has awarded six of seven digital bank licences it plans to issue.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/money\/news-money\/pldt-fintech-unit-voyager-raises-167m<\/p>\n\n

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Philippines-based PLDT\u2019s fintech arm PayMaya received a digital banking licence from the nation\u2019s central bank, …<\/p>\n

The post PLDT fintech arm readies digital bank<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"PLDT fintech arm readies digital bank - ITTeacherITFreelance.hk","description":"Philippines-based PLDT\u2019s fintech arm PayMaya received a digital banking licence from the nation\u2019s central bank, ... The post PLDT fintech arm readies digital ba"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/296555"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=296555"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/296555\/revisions"}],"predecessor-version":[{"id":296556,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/296555\/revisions\/296556"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=296555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=296555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=296555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}