Double the Win: Two-for-One Money Habits That Grow Your Wealth Without Feeling Like a Sacrifice

Forget strict self-denial. Being "good with money" no longer means resisting the urge to ‘add to cart’ and choosing between spending, saving, and investing. Today’s smartest financial habits are about making one decision that accomplishes two goals at once.

Two-fold financial habits create simple, intentional routines in which every financial move sparks another win – like treating yourself to a long-awaited purchase while automatically funding your future. In fact, saving and investing don't just pay off in the long run. They can also turn every deposit into an instant thrill today. Have PHP 1,000 to save? What if it could win you a brand-new motorcycle or laptop?

If you want to make your money work twice as hard and score epic prizes while doing it, here are habits to help you spend smarter, grow your wealth, and even get rewarded along the way:
Buy One, Invest One

Retail therapy doesn't have to come with buyer's remorse. Every time you make a non-essential purchase, set aside 10% to 20% of the amount in your savings or investment account. Bought a pair of shoes for PHP 500? Invest PHP 100 or put it towards your savings. It transforms every splurge into a reminder that while you're enjoying today, you're also looking out for tomorrow.

Reward Yourself Responsibly

Bonuses, cashbacks, tax refunds, or unexpected windfalls don't have to be an all-or-nothing affair. Instead of spending the entire amount or locking it all away, split it between present and future you. Maybe half goes toward a nice dinner or a weekend getaway, while the other half goes into your emergency fund or investments. This way, you get to celebrate your wins without putting your long-term goals on hold.

Round-Up Investing

Make financial habits effortless by rounding your purchases up to the nearest convenient amount and saving or investing the difference. If your coffee costs PHP 185, round it up to PHP 200 and stash the extra PHP 15 away. It may not seem like much at the moment, but constantly saving can stack up into a meaningful fund without requiring major lifestyle changes.

Save and Win

With the right routines and financial tools, growing your money becomes less about sacrifice and more about unlocking exciting rewards along the way. GCash makes that possible by turning smart financial habits into rewarding opportunities through two promos.

Building Wealth Can Be Rewarding with GCash

The beauty of two-fold financial habits is that they make consistency effortless. Instead of relying on willpower alone, GCash builds in daily motivation by letting you earn raffle entries and instant prizes every time you save or invest:

Shake to Win

No need to wait until payday to start winning. Simply open the GCash app each day, and tap on any eligible product, such as GSave or GFunds, to unlock one free daily shake. Every shake automatically earns you one raffle entry for a chance to win PHP 10,000 in cash, while also allowing you to score instant shopping vouchers worth PHP 1, PHP 50, or PHP 200 on the spot.

Save to Win Bigger

Ready to level up your wealth? Save or invest at least PHP 1,000 in eligible Wealth Management products like GSave or GFunds to earn one raffle entry per ₱1,000 deposited (for GSave, funds must remain in the account for at least 7 days).

The promo is open to both new and existing users, giving everyone a chance to win exciting prizes throughout the campaign. Up for grabs are:

• Three PHP 50,000 cash prizes
• Three MacBook Neo 256 GB laptops (plus one PHP 10,000 cash winner)
• Three iPhone 17 256 GB units (plus one PHP 10,000 cash winner)
• Two PHP 100,000 cash prizes (plus one PHP 10,000 cash winner)
• One Yamaha Aerox (plus one PHP 10,000 cash winner)
• And the campaign's grand prize of PHP 500,000 in cash (plus one PHP 10,000 cash winner)

With GCash, every smart financial decision can also come with exciting rewards, proving that the best money habits are the ones that help you grow your wealth while giving you something to look forward to along the way.

To open an account on GSave, you must be a Filipino Citizen, at least 18 years old, and a fully verified GCash user. Ready to grow your money? You may access GSave through the GCash dashboard or find it under “Grow.” No GCash yet? Download the GCash App on the Apple App Store, Google Play Store, or Huawei App Gallery. Kaya mo, i-GCash mo!

Garmin Pay Now Available in the Philippines, Bringing Fast and Secure Contactless Payments to Smartwatch Users

MANILA, Philippines – Garmin has announced the launch of Garmin PayTM in the Philippines, giving users a fast, safe, and convenient way to make contactless payments directly from their compatible Garmin smartwatch. As contactless payments continue to grow globally, Garmin Pay expands how Filipinos can access everyday payment solutions through devices already integrated into their lifestyles.

“Garmin has always been committed to creating products and developing features that help people make the most of their active lifestyles, both on and off the move,” said Jamie Su, Country Manager, Garmin Philippines. “With Garmin Pay now available in the Philippines, we’re able to make everyday payments more convenient for users while expanding the connected experience of our products across our ecosystem.”

Made available through strategic partnerships with GoTyme Bank and EastWest Bank and powered by the global payment networks of Visa and Mastercard, Garmin Pay introduces a new cashless payment experience through wearables, enabling seamless transactions at a growing number of merchants nationwide.

“At GoTyme Bank, we believe banking should be simple, secure, and beautifully integrated into everyday life,” said Nate Clarke, CEO of GoTyme Bank. “Garmin Pay gives our customers a convenient way to pay right from their Garmin smartwatches they already use every day, whether they’re commuting, working out, traveling, or simply going about their daily routines. It’s another step toward making cashless payments more seamless, effortless, and rewarding for Filipinos.”

Jerry Ngo, CEO, EastWest Bank, said the partnership reflects the Bank’s commitment to making banking easier, more relevant, and more seamlessly integrated into customers’ everyday lives. “At EastWest, we continue to expand our digital payments ecosystem in our pursuit to be present where Filipinos already are—supporting how they live, move, and spend. Through our partnership with Garmin Pay, we are extending this commitment to Filipinos with active and on-the-go lifestyles, offering payment solutions that are designed to keep pace with them every step of the way.”

“Visa cards added to Garmin Pay are protected by Visa’s network tokenization, using a unique, one-time digital code that helps prevent fraud while delivering a seamless payment experience. With Garmin Pay, Filipinos can enjoy more secure and convenient ways to pay across shops, restaurants, public transport, and tourist destinations. This collaboration also supports the Philippines’ push toward a cash-lite economy by accelerating digital payments and expanding financial inclusion,” shared Jeffrey Navarro, Country Manager, Visa Philippines.

To start using Garmin Pay, users can simply link their debit or credit cards to the Garmin ConnectTM app and begin making payments directly from their smartwatches. Whether it’s grabbing coffee after a morning run or paying for groceries on the way home, users can enjoy secure and hassle-free transactions without needing to reach for their phones or wallets - convenient especially when in a rush.

Garmin Pay also provides a simple and intuitive payment experience. With a tap-and-go functionality, users simply need to enter their passcode on their compatible Garmin smartwatch, select their preferred card to use (if multiple cards are linked), and tap on any supported contactless Visa or Mastercard payment terminal. This frictionless experience is made possible through global payment networks that power everyday transactions at scale.

According to Jason Crasto, Country Manager, Philippines, Mastercard, “Consumers today are looking for payment experiences that fit seamlessly into their lifestyles. By supporting Garmin Pay, Mastercard is helping make secure and convenient wearable payments more accessible to consumers, giving them greater flexibility in how they choose to pay.”

Beyond in-store payments, Garmin Pay also enables users to make purchases on the Connect IQTM Store, where they can access additional apps, watch faces, and premium content within the digital ecosystem of Garmin to personalize the Garmin smartwatch experience further.

The launch of Garmin Pay reflects the brand’s continued commitment to building a more connected ecosystem that supports both performance and everyday convenience, empowering users with technology that moves with their lifestyles.

Garmin Pay is now available in the Philippines for compatible Garmin smartwatch users with eligible cards from GoTyme Bank and EastWest Bank. For more information on Garmin Pay, visit this link.

Tech Experts Call for Urgent Developer Education and Regulatory Clarity as Stablecoin Adoption Accelerates Globally

Manila, Philippines — The Philippines is positioned to lead the global shift toward stablecoin-based remittances, provided it prioritizes developer education and formalizes regulatory pathways, according to fintech and blockchain leaders at the recent “Settle In! Manila” panel organized by Morph and Bitget’s Blockchain4Her and Blockchain For Youth initiatives on the global rise of stablecoins and the future of digital payments.

Over one million OFWs send remittances home annually through channels that charge fees as high as six percent and take days to clear. Stablecoin transfers can settle near-instantly at a fraction of the cost, a difference that directly affects household income for millions of Filipino families. OFW remittances rose 3.5% in January 2026 despite seasonal slowdowns, underscoring continued and growing dependence on these flows.

“The Philippines is one of the many countries and regions that stand to benefit the most from stablecoin technology, whether it be through lower costs or settlement fees. The country is ground zero for the shift from a playground for speculation to a mission-critical rail for real-world utility,” said David Hsiao, Chief Marketing Officer of Morph, a blockchain settlement platform, which recently launched a Universal Settlement Layer backed by a $150 million Payment Accelerator to serve the trillion-dollar stablecoin economy.

Global market trends reinforce the call. Bitget Country Manager for Southeast Asia Jose Mendoza noted that stablecoin use for payroll and B2B invoices grew by more than 60% over the past year. Bitget Wallet card spending surged 28-fold, and Visa-issued crypto card spending jumped 525%, signaling a clear shift from speculation to real-world payments.

“Our goal is to make stablecoin payments feel local and familiar,” Mendoza said. “Users shouldn’t need to understand the underlying complexity. By supporting builders who focus on ‘invisible tech,’ we ensure the end-user simply experiences 10x faster payments and significantly lower fees.”

Eli Rabadon, Chief Executive Officer of DVCode, focused on the developer gap. “The technology is ready. What we need now is education and clarity so builders can integrate stablecoins into apps that everyday Filipinos will actually use. There’s huge potential to create real-world utility that touches lives immediately.”

He noted that Filipino developers, alongside the country’s large base of freelancers and remote workers already paid in digital currencies, are a natural engine for stablecoin adoption, but need structured support to build compliant products at scale.

On the regulatory front, Raymond Babst, Chief Executive Officer of DA5, argued the country’s existing virtual asset framework is a competitive advantage that must be activated. “The Philippines already has a regulatory framework for virtual assets that can position us ahead of other Asian markets.”

The Bangko Sentral ng Pilipinas has reviewed stablecoin proposals and conducted pilot tests, but panelists called for accelerated timelines as global adoption outpaces local policy.

E-Wallet Use Jumps 75% in Sari-Sari Stores, Fueling Digital Transformation - Packworks Report

Manila, Philippines — Sari-sari stores are rapidly digitalizing their operations, driven by a significant increase in e-wallet use, according to a new report from Filipino tech startup Packworks.

The report used their internal transaction records as the starting point to conduct a direct survey of more than 2,000 sari-sari store owners within Packworks' nationwide network of 300,000+ stores from January to August 2025.

According to the data, half of the store owners surveyed reported a 75% increase in e-wallet usage in their store operations between January and August. The remaining respondents also saw substantial growth: 20% experienced a 100% increase in usage, another 20% saw a 50% increase, and 10% reported a 10% rise.

Store owners largely attribute this growing adoption to increased consumer demand, as their customers are also turning to e-wallets to buy goods, access funds, and settle bills at their local stores.

“Maraming nang nagpapa-cash-in at cash-out at bumibili gamit ang mga e-wallet. Dahil dumarami, gusto namin masabayan ang pangangailangan nila. Nakakatulong din naman ito sa amin para magkaroon kami ng dagdag kita,” (A lot of our customers are making cash-in and cash-out transactions aside from buying products with e-wallets. Since more customers are using them, we want to keep up with their needs. It also helps us earn a little extra), said Marijane Rea, a sari-sari store owner from Laguna.

Store owners are using e-wallets for a variety of business operations. About 40% use the platforms for in-store payments, 30% for bill payments, and the remaining 30% for cash-in and cash-out transactions.

This digital shift is quickly becoming a critical source of revenue. Around 13% of store owners say their e-wallet earnings equal their revenue from physical goods. Among the rest of the respondents, e-wallets still contribute significantly: 66% say that about 20% of their revenues come from e-wallet use, and the remaining 21% say their e-wallet earnings account for 10% of their total revenue.

GCash and Maya are the widely used e-wallets, with 85% of store owners reporting using GCash for their business transactions and 15% using Maya.

“Bukod sa kita namin sa tindahan, nagkaroon kami ng dagdag kita sa paggamit sa mga e-wallet kasi meron kaming tubo na PHP 10 hanggang PHP 20 sa pag-cash-in at cash-out, o di kaya tuwing nagbabayad ng kuryente, tubig, o internet ang mga customer,” (Besides the income we earn from the store, we also get extra earnings from using e-wallets because we earn a profit of PHP 10 to PHP 20 from cash-in and cash-out transactions, or whenever customers pay for electricity, water, or internet bills), said Rachel Miguel, a store owner from Bacolod.

To increase their transaction capacity and meet surging customer demand, sari-sari stores are strategically using up to five e-wallet accounts. According to the report, with each account having a monthly limit of PHP 100,000 to PHP 500,000, the combined monthly transaction capacity is up to PHP 3.5 million.

This trend supports the 30% of store owners’ interest in upgrading their e-wallets to business accounts to maintain a higher monthly limit of PHP 1 million.

Data from the Bangko Sentral ng Pilipinas indicated that approximately 57% of total retail transactions were cashless in 2024, highlighting the increasing use of digital payments for everyday purchases and financial transactions.

Packworks Chief Platform Officer Hubert Yap highlights that sari-sari stores are rapidly embracing digital tools such as e-wallets to diversify their services and grow their businesses.

“The surge in e-wallet use proves that sari-sari stores are rapidly evolving into vital digital hubs for their communities. Aside from simply selling 'tingi' physical items, they are now diversifying their product range, offering high-margin, value-added financial services and integrating digital tools such as our app to fundamentally improve their operations and function as near-frictionless nano-banks for the neighborhoods they serve. These findings show that sari-sari stores have been at the forefront leading this digital transformation at the grassroots level,” cited Yap, “And there's an urgent need to support these micro-entrepreneurs with the right fintech to ensure they can fully capitalize on this opportunity, as they often say in sari-stores, a peso saved is a peso earned!”

For more studies and data trends insights in sari-sari stores, you may visit http://packworks.io/ or Packworks’ Facebook page to learn more.

Building Credit Confidence for Filipinos

MANILA, Philippines - For many Filipinos, the word “utang” carries a mix of hope and hesitation. It can mean a chance to start a small business or pay for a child’s tuition, but it can also bring fears of scams, high interest rates, and unending debt. According to TransUnion’s 2025 Credit Perception Index, the Philippines scored 73 out of 100: proof that while caution remains, trust in credit is gradually taking root.

What’s encouraging is that Filipinos are becoming increasingly financially aware and optimistic about the opportunities responsible borrowing can unlock. And behind every lending app or platform are real people working to make that experience safer and easier to understand.

Addressing Trust Through People, Not Just Platforms

At JuanHand, employees are at the heart of building that trust. Take Maria Terrado, who started her career in the banking sector and is now a Collection Assistant Manager. For the past six years, she has been helping borrowers navigate financial challenges while also growing in her own career. “JuanHand has been instrumental in helping me discover new aspects of my work and fostering my career growth,” Maria shares.

For her, collections isn’t just about payments, it’s about treating every customer with fairness and respect, while ensuring full compliance with regulations. “Knowing that my work helps people avoid abusive loan sharks and access safer, more transparent options is deeply fulfilling. It’s rewarding to see the positive impact on their lives,” she adds.

By upholding fairness as a guiding principle, Maria and her team help Filipinos stay on track financially while keeping access to the practical financial solutions they need to participate confidently in the economy.

Communicating Credit Responsibly

The TransUnion report also noted a decline in credit messaging receptivity, with Filipinos exhibiting greater hesitation despite higher trust scores. For brand specialists, this highlights the importance of clear and transparent communication.

Mark Baetiong, a Senior Brand Expert at JuanHand, describes his role as bridging that gap. “Branding shapes perception. By building credibility and relatability, our work helps more Filipinos feel confident exploring financial solutions they might otherwise avoid, opening doors to greater financial inclusion.”

Since joining JuanHand, the way he viewed credit has changed, helping him realize that loans, when used responsibly, can empower people rather than burden them. This personal shift has influenced his professional approach: prioritizing clarity over marketing gloss, making sure campaigns feel like conversations with Filipinos, not just messages at them. For Mark, every project is a chance to spark confidence in responsible borrowing and highlight credit as a tool for opportunity.

Guarding Against Fraud at the System Level

Trust is something we continually work to build, and a big part of that is reinforcing safeguards that give borrowers confidence. Tackling concerns like fraud isn’t just about compliance; it demands consistency, vigilance, and systems built to protect people at every step.

For Jeffry Pascua, Business Support Manager for Quality Assurance and Testing, the journey began with a simple motivation: seeking new opportunities and discovering how his skills could make an impact. That drive eventually grew into a career milestone: establishing lasting processes that continue to shape how JuanHand’s collections department operates today.

“By continuously enforcing our operational standards, we ensure services are delivered with integrity and reliability, while also educating clients on financial literacy,” Jeffry shares. For him, the real reward comes from knowing these safeguards don’t just protect the company. They empower Filipinos, giving them the confidence that their financial journey is built on security.

People Powering Progress

While trust in credit is improving, meaningful adoption requires strong assurances of fairness, security, and transparency. For platforms like JuanHand, this goes beyond technology; the human element makes all the difference.

For Maria, Mark, and Jeffry, their passion for financial inclusion turns work into purpose. Together, they embody what JuanHand calls “Every Juan”; Filipinos helping fellow Filipinos navigate their financial journeys with confidence. It’s this blend of professionalism, teamwork, and genuine care that continues to shape safer, more accessible financial solutions for millions across the country.

Bitget COO Vugar Usi Zade Speaks on Blockchain Education at TEDx Manila

Manila, Philippines —– Bitget, the world's leading cryptocurrency exchange and Web3 company, is proud to share Chief Operating Officer Vugar Usi Zade’s talk “The Next Billion Minds: Why Blockchain Education Matters More Than Blockchain Itself,” delivered on September 8 at TEDx Forbes Park, held at Bonifacio High Street Cinemas in Manila’s Bonifacio Global City. The session formed part of the 2025 speaker program curated by the Global AI Council.

Drawing on real-world lessons from Bitget’s education initiatives, Vugar emphasized how literacy and access unlock autonomy long before price charts and protocols become relevant. The event featured a diverse lineup alongside Vugar, including Shekhar Natarajan, Dr. Jacqueline M. Tolentino, Ben Nadareski, Dr. Bryce Appelbaum, and actor-entrepreneur Marvin Agustin, reflecting TEDx Forbes Park’s broad lens on systems, vision, and culture.

"At TEDx in Manila, I spoke about money, education, and why they unlock real freedom," said Vugar Usi Zade, Chief Operating Officer at Bitget. "We're not here to build blockchain for its own sake. We're here to build thinkers who question, design, and ship. We’re here to build the next billion minds."

In celebration of its 7th Anniversary, Bitget organized a vibrant Builders Night on September 7, setting an enthusiastic tone ahead of Vugar’s TEDx appearance. This community gathering featured engaging elements, including creator AMAs, quick-hit workshops, friendly competitions, and social-first moments, designed for Builders, VIPs, and Key Opinion Leaders (KOLs). It was a clear demonstration of Bitget’s commitment to fostering a dynamic community.

"The growth of our Builder community across the Philippines since 2024 shows what happens when you give talent room to lead and tools to learn," said Philippines Country Manager Jose Mendoza. "Builder+ is proof that a strong program can turn passion into measurable reach and real-world momentum, and we're only getting started."

Vugar’s “Next Billion Minds” message framed education as the pathway from curiosity to independence to innovation. His appearance alongside a diverse roster of speakers underscored the event’s role as a platform for ideas with real-world impact, and it aligns squarely with Bitget’s drive to make financial literacy and Web3 skills part of everyday learning through initiatives like Blockchain4Youth. Bitget will continue to build on its Blockchain4Youth and Blockchain4Her programs, partnerships, and tools that help the next generation think critically, build confidently, and participate meaningfully in the Web3 economy.

Atome Financial Posts Record US$236M Operating Income, Marks Full-Year Profit in 2024

SINGAPORE – Atome Financial, Southeast Asia’s leading digital financial services platform – comprising Atome’s Buy-Now-Pay-Later (BNPL), Atome Card, and Kredit Pintar – today announced record audited results for the year ended 31 December 2024, achieving both strong growth and profitability.

Operating income rose 63% year-on-year to US$236 million, while recording full-year profitability. This performance reflects the company’s disciplined execution, operational efficiency, and ability to scale responsibly in a challenging macroeconomic environment.

Atome processed over US$2 billion in Gross Merchandise Volume (GMV) in 2024, up 50% year-on-year, driven by strong merchant partnerships and expanding consumer adoption.

This growth continues to accelerate. At the end of Q2 (April-June) 2025, annualised net revenue surpassed US$500M, driven by annualised GMV crossing US$4 billion.

Key performance drivers include:

a) Product diversification: Expansion of insurance, savings, cards, and lending offerings. In the Philippines, Atome PayLater Anywhere Card adoption accelerated, with the total number of cards issued crossing 1.5 million as of June 2025.

b) Operational excellence: Streamlined processes, strong core business focus, and rapid deployment of Generative AI to enhance customer service, collections, and credit underwriting.

c) Robust capital support: Strengthened funding base from global and regional institutional partners, including BlackRock, EvolutionX, Innoven Capital, CLSA’s Lending Ark, and an expanded syndicated credit facility led by HSBC with participation from DBS, SMBC, and Baiduri Bank.

“Atome Financial’s record performance in 2024 and 1H2025 reaffirms the strength of our “wallet” platform and our ability to grow sustainably while delivering real value to consumers and partners. Since Day One, our mission has been to improve lives through greater financial access and technology. With a profitable BNPL business, a growing Atome Card franchise, and broadening funding partnerships, we are well-positioned to shape the next phase of financial inclusion in Southeast Asia,” said Jefferson Chen, CEO of Atome Financial.

Filipino Online Gambling Players May Shift to Unregulated Platforms After E-Wallet Unlink - Study

Manila, Philippines — A new study from Filipino-focused sociocultural research firm The Fourth Wall has found a correlation between the unlinking of e-wallet platforms from regulated online gambling platforms and an increase in the number of players on unregulated sites.

The Fourth Wall surveyed over 1,000 current online gambling players from urbanized areas across Mega Manila, Metro Cebu, Metro Davao, and key cities in other growth centers nationwide.

The study found that following the August 16, 2025, ban, regulated online gambling platforms experienced a 70% decline in players, while unregulated sites recorded a 40% immediate increase. Trends suggest that these unregulated platforms will continue expanding, drawing in players who exit regulated channels.

This comes after the Senate Committee on Games and Amusement conducted hearings on August 14 on bills addressing the ill effects of online gambling. Following the investigation, the Bangko Sentral ng Pilipinas (BSP) ordered e-wallets to unlink from online gambling apps, with major players such as GCash and Maya announcing their compliance.

The study identified key factors related to e-wallet use that significantly predict player migration.

According to the study, a majority of players have high trust in e-wallets and their safety features. Players with high trust in e-wallets are 2.3 times more likely to shift to unregulated platforms (42% of those surveyed) compared to those with low trust (18%) once regulated platforms are disconnected from e-wallets. Since e-wallets are still available on unregulated sites, players may perceive this as a sign of safety and migrate there.

The study also found that many players view age verification on e-wallets as an important safety measure. As a result, players with this sentiment are 2.4 times more likely to move to unregulated platforms (40%) compared to those who do not (17%). Therefore, they may mistakenly assume that the presence of e-wallets on unregulated sites means these platforms have similar safety measures in place.

Furthermore, dependence on e-wallets also drives migration to unregulated platforms where their preferred payment option remains available. It found that those who view e-wallets as essential to online gambling are twice as likely to shift to unregulated platforms (40%) compared to those who do not (19%) when e-wallets are no longer an option on regulated sites.

"Our latest study shows the central role e-wallets play in shaping online gambling behavior. When links to regulated platforms were removed, activity shifted toward unregulated platforms rather than declining overall, unintentionally redirecting players to riskier environments. This dynamic highlights how payment channels themselves can influence perceptions of legitimacy. Future discussions on online gambling regulation should move beyond bans alone and consider how trusted tools like e-wallets shape behavior and perceptions. The importance of addressing both access points and user perceptions when designing safeguards," John Brylle L. Bae, Research Director at The Fourth Wall, said.

This builds on an earlier study by The Fourth Wall, which found that players associate e-wallets with safety and trust. Previous research revealed that about 73% of e-wallet users trust the platforms' age and identity checks, and 64% believe these platforms effectively help them regulate their spending, enabling them to play responsibly. The same study also found that 92% of players prefer using GCash, followed by Maya (6%), while only 2% use over-the-counter payment outlets.

In a separate analysis, The Fourth Wall also found significant contrasts between regulated and unregulated online gambling platforms, including the offering of games not verified by PAGCOR, a lack of Know Your Customer (KYC) procedures, more lucrative marketing and affiliate structures, and inconsistent customer service. These differences expose players to various risks, including excessive financial losses, scams, fraud, and privacy issues from spam texts.

To get full access to the report, you may visit https://www.fourthwallglobal.com/ewalletban or follow The Fourth Wall’s LinkedIn page.

COLORFUL Unveils iGame Shadow II DDR5 Memory Series for AMD Ryzen 9000

Shenzhen, China — Colorful Technology Company Limited, renowned for its gaming PCs, laptops, and HiFi audio gear, has officially launched its latest innovation: the iGame Shadow II DDR5 memory series. Designed to elevate system performance on AMD’s new Ryzen 9000 series platform, this second-generation lineup improves upon its predecessor with higher clock speeds, lower latencies, and enhanced overclocking capabilities.

Engineered for Enthusiasts and Gamers

The flagship DDR5-6400 CL28 kits are optimized for AMD’s latest architecture and fully support both AMD EXPO and Intel XMP 3.0 profiles. These memory modules promise seamless, plug-and-play overclocking with stable performance. With a voltage requirement of just 1.4V, they operate more efficiently than many competitors, allowing for more aggressive tuning without compromising system stability.

Tradition Meets Cutting-Edge Design

The iGame Shadow II series is more than just high performance—it’s a visual centerpiece. Inspired by ink wash painting, a traditional East Asian art form, the modules feature a sleek, etched heat sink design and a luminous RGB “breathing” effect. The subtle glow of the engraved iGame logo complements dual-tone black and white finishes, ensuring the modules look as good as they perform in any premium build.

Power for Creators and Multitaskers

While optimized for gaming, the Shadow II lineup also meets the needs of content creators and multitaskers. The series introduces a 96GB (2x48GB) high-capacity kit, perfect for demanding creative workflows, 3D rendering, and heavy multitasking environments.

Available Configurations:

• DDR5-6400: 2x16GB (32GB), CL28, 1.4V

• DDR5-6000: 2x16GB (32GB), CL26, 1.45V

• DDR5-6000: 2x24GB (48GB), CL28, 1.4V

• DDR5-6000: 2x32GB (64GB), CL30, 1.4V

• DDR5-6000: 2x48GB (96GB), CL30, 1.4V

Colorful’s initial release will focus on the DDR5-6000 CL28 2x24GB kit, with other options arriving in phases. With bold design, exceptional performance, and robust compatibility, the iGame Shadow II series is ready to power the next generation of high-performance AMD systems.

GCash First PH Fintech to Achieve ISO for Information Security, Privacy Information Management

GCash, the country’s leading finance app and largest cashless ecosystem, becomes the first Philippine fintech to achieve ISO certifications for two globally recognized standards for information security management and privacy information management systems— the ISO/IEC 27001 and the ISO/IEC 2770.

GCash is the first fintech company in the Philippines to receive both certifications simultaneously, following a comprehensive and independent audit by the British Standards Institution (BSI), a business improvement and standards organization that partners with more than 84,000 clients globally across multiple industry sectors.

The certifications affirm that the information security and privacy management systems of GCash met international standards and best practices, which have been vetted by a third-party auditor, establishing transparency and building trust in the country’s largest cashless ecosystem.

“These ISO certifications are external validations of our internal belief that we must always operate with the highest integrity and discipline by integrating security and privacy into every aspect of our operations and innovations,” said Pebbles Sy, GCash chief technology and operations officer.

BSI country managing director Ava Taniajura added, “These certifications have equipped GCash with a significant advantage in safeguarding against potential threats. GCash has implemented comprehensive systems and controls to ensure the utmost security and confidentiality of its users' personal information.”

Meanwhile, GCash chief information security officer Miguel Geronilla emphasized that staying ahead of threats and strengthening defenses is essential to protecting customers and enabling innovation with confidence.

“We have invested heavily in building a digital environment that prioritizes safety. These certifications are not just milestones but also a reflection of our commitment to protecting the trust that our millions of users have placed in us,” Geronilla said.

The ISO/IEC 27001 certification validates the systematic approach of GCash in managing sensitive information. The complementary ISO/IEC 27701 standard focuses on how personal data is collected, stored, and processed following global and local privacy laws, including the Philippine Data Privacy Act and the EU’s General Data Protection Regulation (GDPR).

“The reality is that financial services are now frontlines in the battle for data protection,” said GCash VP and group data protection officer Atty. Rob Real. “Our approach combines legal compliance with technology-enabled governance to stay ahead of increasingly complex threats.”

GCash is the first Philippine-based fintech company to receive dual certifications in ISO/IEC 27001 and ISO/IEC 27701 as of certification dates. To attain dual ISO certifications for information security and data privacy is a significant achievement, as financial platforms face heightened scrutiny in protecting users from fraud, scams, and other forms of cybercrime.

The certification process required GCash to align its policies, internal audits, employee training, and data processing protocols with globally accepted standards in information security and data privacy.

The milestones come as Southeast Asia experiences a surge in cyberattacks, driven by the expansion of e-commerce, digital banking, and AI-powered fraud. In the Philippines, regulators have repeatedly warned of phishing schemes, social engineering, and synthetic identity fraud targeting mobile wallet users.

The multi-layered security strategy of GCash includes AI-driven fraud detection, biometric authentication, device binding, and 24/7 monitoring through its internal Security Operations Center. The company also works closely with regulators, law enforcement, and the banking sector to share threat intelligence and enhance consumer protection.

As cyberthreats continue to evolve, the long-term security strategy of GCash remains focused on strengthening both its technological defenses and user education, ensuring resilience and reliability as digital adoption accelerates across the country.

For more information, visit www.gcash.com.

Championing Human-Centered AI in the Workplace: GCash Chief People Officer Recognized Among Southeast Asia’s Top 100 HR Leaders

The chief people officer of GCash, Robert Conrad Gonzales, joins this year’s 100 Most Influential HR Leaders from Southeast Asia, an annual awarding of top HR executives who have made exceptional contributions to leadership, innovation, and transformation in the HR industry. Recipients of this prestigious citation are selected based on social media influence, engagement, industry awards, community impact, thought leadership, and pioneering HR practices. It also considers the impact of HR initiatives on revenue growth and overall market influence.

Gonzales believes that artificial intelligence (AI) is meant to improve the productivity of their employees rather than replace them. Gonzales, who is the highest-ranking Human Resources (HR) officer of GCash, affirmed the company’s unwavering commitment to putting people first in the age of automation. GCash is the Philippines’ leading finance app and largest cashless ecosystem, and an innovative fintech company that has already received several recognitions as one of the best companies to work for.

“HR should champion automation and lead in adapting to technology, including AI, because our people need it, our employees rely on it,” said Gonzales. “If we do this right, our people will become more productive and serve our customers even better. Invest in people, champion leadership development, and embrace innovation. The future belongs to organizations that prioritize their people as their greatest asset.”

Recognized for his contributions to the HR landscape, Gonzales was awarded during the recently held Future Forward Philippines 2025, which was organized by The Economic Times, the second most widely read English language business daily after The Wall Street Journal.

Driving business transformation or becoming obsolete in the age of AI?

During the whole day of the event, Gonzales was in the panel discussion titled ‘The Great Debate of HR at a Crossroads: Driving Business Transformation or Becoming Obsolete in the Age of AI?’ He was joined by other HR icons—Cebu Pacific Air chief human resource officer Felix Dan Lopez, Globe Telecom Inc. chief human resource officer Renato Manuel Jiao, and ETHRWorld/ETEducation features editor Yasmin Taj, who served as the moderator.

Looking to the future, Gonzales sees artificial intelligence as a game-changer in transforming how organizations approach leadership development. “AI-powered talent identification and predictive analytics will revolutionize how we discover and grow high-potential leaders,” he said. “We’re also leaning into personalized, AI-driven learning paths that adapt to each employee’s growth trajectory because in a market that changes overnight, static development models just don’t cut it.”

GCash is already putting these innovations to work. “We’re expanding our use of AI-driven career development tools and enhancing our leadership programs with real-world business simulations,” Gonzales shared. “This enables us to gauge better readiness, drive engagement, and close skill gaps faster than ever.”

To ensure these efforts yield a measurable impact, GCash is tracking leadership transition rates, retention of high-potential talent, and post-transition business performance. Continuous feedback loops and engagement surveys are utilized to refine strategies and ensure succession pipelines remain future-ready.

Putting people first in an AI-powered workplace

Gonzales shared that GCash’s AI efforts stem from a deep commitment to employee well-being and operational excellence. He explained that AI doesn’t just enhance customer experience but also makes employees happier by improving their welfare.

“We have a strong commitment to keep our people happy and engaged,” Gonzales said. “Many of our AI innovations are driven by employee needs. For example, team members want faster and more accurate processing of benefits and allowances. That’s why we developed an AI-powered tool called AGA.”

AGA, which stands for Alagang GCash Assistant, is a Gen AI-powered tool that automates and streamlines employee benefits processing. From wellness allowances to flexible benefits processing, AGA enables faster, error-free transactions.

Gonzales leaves HR leaders with a pointed message: “HR is no longer a support function but rather a strategic driver of growth. Invest in people. Champion leadership development and embrace innovation in workforce planning. The organizations that do this will be the ones leading tomorrow.”

For more information, visit www.gcash.com.

PNP-ACG Marks 12th Anniversary, Reinforces Cyber Resilience Commitment With GCash Support

Marking its 12th founding anniversary, the Philippine National Police Anti-Cybercrime Group (PNP-ACG) has reaffirmed its commitment to protect the nation’s digital landscape with the theme “Empowering the Online Community towards a Cyber Resilient Environment.” As a long-standing partner of the PNP-ACG, GCash continues to support these efforts by actively participating in PNP-ACG’s campaign on cybersecurity awareness and safeguarding Filipinos against financial fraud through user education, close coordination, and applying innovative and secure measures within its platform.

The PNP-ACG’s recent two-day celebration at Camp Rafael Crame in Quezon City showcased its unwavering commitment to cyber resilience through a series of impactful events. This initiative brought together industry experts and stakeholders to address emerging digital threats and share best practices in strengthening cybersecurity across sectors.

A major highlight of the celebration was the AngelNet Summit, now in its third year, which placed the spotlight on protecting the youth in the digital space. GCash chief legal and compliance officer, Atty. Maricor Alvarez-Adriano led an engaging session with 150 students, underscoring the importance of online vigilance and safety, particularly against scams and Online Sexual Abuse and Exploitation of Children (OSAEC). The summit became a powerful platform for inter-agency collaboration, with representatives from DICT, DepEd, DOJ, Globe, PLDT, UNICEF, and TikTok coming together to champion digital safety. Moreover, the summit emphasized the collective responsibility of both public and private sectors in creating a safer online environment for the next generation. In his address, PBGen Bernard R. Yang, acting director of the PNP-ACG, underscored the importance of empowering the community, especially the youth, to adapt to the ever-evolving nature of cyber threats. "As we mark 12 years of service, we reaffirm our commitment to innovative strategies, stronger partnerships, and shared responsibility in creating a cyber-resilient environment," he said.

Meanwhile, PCOL Jay Guillermo, chief of the Cyber Response Unit of the PNP-ACG, highlighted the progress made in leveraging advanced technologies and collaborations to preempt and address online offenses. He emphasized the importance of capacity-building to ensure the law enforcement agency is equipped with the skills and technology to handle increasingly sophisticated cybercrime tactics.

GCash continues to play an active role in supporting the PNP-ACG's initiatives, aligning with its mission to promote trust and security in the digital space. GCash chief information and security officer Miguel Geronilla shared, “The PNP-ACG’s leadership inspires collective action to create a safer and trustworthy digital space, particularly for the younger generation. As partners, we remain committed to protecting Filipinos against cyber threats.”

GCash actively supports the PNP-ACG by undertaking sustained cybersecurity awareness and educational programs to help Filipinos detect and avoid scams, while strengthening its own platform’s security measures. GCash strives to create a reliable and secure cashless ecosystem that empowers users to embrace digital finance without fear of fraud, with the reliable law-enforcement power of the PNP-ACG.

With 12 years of service and a forward-looking mission, the PNP-ACG stands resolute as the guardian of the Philippines' digital domain.

As part of this ongoing collaboration, GCash and PNP-ACG encourage the public to report any incidents of cybercrime and fraud through PNP-ACG’s hotline 1326 or via the GCash app's Help Center or official customer support channels. By joining forces and reinforcing their commitment, GCash and PNP-ACG are shaping a safer and more cyber-resilient Philippines.

For more information, visit https://www.gcash.com.

PayFi x Bitget Wallet Event Pioneers Web3 Payment Adoption in Siargao, Philippines

Victoria, Seychelles – Bitget, the leading cryptocurrency exchange, and Web3 company, held the PayFi x Bitget Wallet event in Siargao, Philippines. The event is part of Bitget Wallet's PayFi initiative, aiming to connect the traditional financial system with blockchain technology. With overwhelming participation from merchants, entrepreneurs, and residents, the event showed Bitget's ongoing effort to promote financial innovation and drive cryptocurrency integration among local businesses and communities.

In February 2025, Bitget Wallet launched PayFi Vision and introduced the PayFi Flywheel, changing how we use cryptocurrency from being a passive asset to a dynamic financial tool for everyday transactions. The PayFi Flywheel converts crypto wallets from simple storage solutions into powerful engines of financial empowerment. With its earning, sending, and spending ecosystem, users can deposit crypto assets, such as stablecoins, into savings accounts offering flexible, real-time yields.

The PayFi x Bitget Wallet event achieved significant strides in merchant adoption, with five key businesses across hospitality, retail, and food & beverage sectors now accepting cryptocurrency through PayFi features in Bitget Wallet. This integration enables seamless transactions for both locals and international visitors, bypassing traditional barriers such as high transaction fees and limited banking infrastructure.

Beyond merchant adoption, the event sparked vibrant engagement from local entrepreneurs, freelancers, and digital nomads, many of whom recognize cryptocurrency's potential to streamline cross-border transactions and mitigate currency exchange challenges. As a hotspot for global tourism, Siargao's embrace of crypto payments highlights the critical role of education in driving adoption. Bitget Wallet will continue to prioritize its PayFi focus in upcoming initiatives.

Central to the event was the theme of financial inclusion, addressing the challenges faced by underserved communities with limited access to traditional banking. By offering accessible digital payments, the event demonstrates that crypto-powered financial solutions can drive real-world change.

Bitget Wallet is poised to expand its PayFi initiatives across the Philippines, targeting high-potential destinations such as Palawan, La Union, Dumaguete, and Boracay. Immediate plans include returning to Siargao to onboard additional merchants and deepen community engagement, followed by nationwide scaling to empower businesses and individuals with Web3 tools.

The success of PayFi x Bitget Wallet in Siargao has set the stage for further expansion, aligning with the rising demand for decentralized solutions and signaling a new era of financial accessibility and technological progress. The PayFi x Bitget journey starts in Siargao, but the vision stretches far beyond, promising a future where crypto payments empower every part of the Philippines.

No Cards, No Hassle! Just a Simple Tap With Vivo V50’s NFC Technology

MANILA, PHILIPPINES - With the Philippines becoming more tech-forward, the tap gesture now feels natural for many cardholders.

Yet the reality is, in today’s fast-paced world, searching for physical cards can still slow you down. But with this Vivo device, a seamless tap is all you need!

The Vivo V50 is more than just a smartphone—it is your everyday companion. Whether you're tapping your Beep card or making smooth contactless transactions, it keeps you moving with ease.

Packed with cutting-edge features, the Vivo V50 introduces NFC (Near Field Communication) Technology, making your life simpler in ways you never imagined.

Activating it is effortless

• Go to Settings.
• Scroll down and look for More Connections.
• Turn on the "NFC" feature.
• Get your card with the NFC feature and register its information
• Customize it and start living smarter!
• That’s it! Five simple steps, and you’re ready to tap into a world of possibilities!

This is the power of NFC on the Vivo V50—more than just convenience, it’s a game-changer for the way you work and live.

Discover what Vivo V50's NFC Technology can do—and more!

Ready for a lifestyle upgrade? Here’s how the Vivo V50 can transform your everyday routine:

• Access Made Effortless - Say goodbye to bulky access cards. Your Vivo V50 becomes your all-in-one key, granting you seamless entry to your office, gym, or even your home.

• Contactless Payments - Leave your wallet at home and pay with a tap. Whether you’re grabbing coffee or shopping for groceries, your Vivo V50 works with NFC-enabled terminals—like POS systems, metro fare gates, and bus readers—ensuring fast and secure transactions every time.

Step into a seamless future with the Vivo V50! Starting at PHP 27,999, this smartphone lets you live life with a simple tap.

Visit your nearest Vivo store or shop online via the vivo website, Shopee, and Lazada to secure your own Vivo V50!

PCTO Warns Konektadong Pinoy Bill Undermines Constitutional Provisions, Stifles Fair Competition and Threatens National Security

The Philippine Chamber of Telecommunications Operators (PCTO) today expressed concern over certain provisions of the Konektadong Pinoy bill, a priority measure that aims to expand internet access in the country and ease the entry of new players in the data transmission industry.

While PCTO is one with the government in efforts to provide equitable connectivity, it warns that the proposal, in its current form, would prove detrimental to the telco business, as it undermines constitutional provisions on the grant of a congressional franchise and the protection of national security and interest, and violates principles on fair competition.

“We believe in fostering a competitive environment that encourages innovation and makes connectivity more accessible and affordable to Filipinos. Unfortunately, despite its good intentions, the Konektadong Pinoy bill disregards Constitutional provisions, undermines fair competition, and could stifle investment in the telecommunications sector. We hope to work with lawmakers towards reworking the bill into a version that will be a win-win for all,” said PCTO.

The PCTO also believes the bill is “unnecessary and superfluous,” as the existing Amended Public Service Act (RA 11659) already provides a clear framework for new players to enter the telecommunications market, including data transmission providers. The Konektadong Pinoy bill's provisions are therefore redundant and could create confusion and regulatory overlap.

The PCTO and its member telco operators hope to air the following concerns to lawmakers:

An Unconstitutional Rider on Spectrum Allocation: One of PCTO’s strongest objections is the inclusion of spectrum management provisions in a bill ostensibly focused on data transmission. The Constitution’s “one bill, one subject” rule requires that every legislative measure be limited to a single subject matter, which must be clearly expressed in its title. By incorporating broad spectrum allocation policies—extending beyond data transmission to include broadcast frequencies—the bill introduces a rider provision that is unrelated to its core objective, rendering it unconstitutional. The spectrum management provisions are too broad and unrelated to the main focus of the bill, as they encompass frequencies beyond data transmission, including broadcast frequencies. Many stakeholders in the telecom and broadcast industries were either unaware of or not involved in consultations regarding this issue.

Violation of the Equal Protection Clause: The bill's exemption of data transmission providers from securing a congressional franchise and a Certificate of Public Convenience and Necessity (CPCN) creates an unequal regulatory environment, violating the principle of fair competition. This disparity could discourage investment from existing players, ultimately achieving the contrary effect to what the bill intends and might hinder the growth of the telecommunications sector. Further, the removal of the franchise and CPCN requirements eliminates crucial safeguards that protect public interest by ensuring that telecommunications providers meet specific standards and obligations in order to provide quality and reliable services. It may also compromise national security by granting access to critical infrastructure to potentially unregulated entities, both foreign and domestic.

Undermines Constitutional Policy for Protection of Natural Resources: The removal of the congressional franchise requirement and the reduction of the NTC's powers could lead to the unchecked exploitation of the country’s finite spectrum resources, a vital part of the national patrimony.

Threat to National Security: The relaxation of regulatory scrutiny of data transmission participants could potentially lead to the explanation of cybersecurity incidents that threaten national security. Given the growing use of over-the-top services or chat apps, which have led to the decline of voice and SMS, the bill could further stifle the growth of local telecommunications companies and reduce their ability to compete effectively. The bill also seems to discriminate against existing telecommunications service providers who have invested heavily in building critical infrastructure under the existing regulatory framework. This could lead to legal challenges and uncertainty in the market. Telecommunications is a critical industry and losing oversight is a threat to national security.

Erosion of Domestic Business: The removal of barriers to entry could lead to an influx of new players, many of whom may not be subject to the same level of regulatory scrutiny as existing telecommunications companies. This could create an environment where local companies struggle to compete, potentially harming the overall development of the telecommunications sector in the Philippines.

Access List Provisions Offend Due Process: The bill's access list provisions, which grant the government broad powers to mandate access to private property for infrastructure development, raise concerns about potential violations of due process and property rights.

“Dig Once” Policy Increases Risks: The “dig once” policy, mandating shared underground infrastructure, raises concerns about increased vulnerability to sabotage and potential disruptions in emergency situations due to the lack of redundant systems.

For Konektadong Pinoy to be effective in bridging the digital divide, the PCTO believes it should mandate new data transmission participants to roll out their respective services in (GIDAs). This will prevent ruinous competition with existing telcos who have sufficiently built connectivity infrastructure in non-GIDAs.

“Data transmission providers should be required to build in GIDAs instead of adding redundant builds in areas where connectivity is already strong. Such provision must be added to the bill to realize the spirit and intent of Konektadong Pinoy, which is to achieve connectivity for all,” the PCTO said.

PCTO stands ready to hold a dialogue with lawmakers to address these concerns and work towards a revised version that supports a balanced and competitive telecommunications landscape that benefits all Filipinos. It believes that a collaborative approach involving stakeholders across the telecommunications industry, government, and regulatory bodies is essential to address barriers to connectivity.

To know more about PCTO, visit https://www.facebook.com/letsgophtelco/.

Mober, BDO Sign Landmark Commercial EV Fleet Financing in the Philippines, Advancing Green Logistics

December 2024 Manila, Philippines — In a landmark agreement marking a pivotal step for sustainability in the Philippines, Mober, the country’s pioneer in green logistics, has partnered with BDO Unibank, Inc. (BDO) to finance the acquisition of 60 new electric vehicle (EV) trucks. This historic deal brings Mober’s current fleet to 110 EV units, reinforcing its leadership in eco-friendly logistics and setting a new benchmark for the industry.

Mober has been at the forefront of driving sustainability in mid- and last-mile logistics. The company serves an impressive roster of blue-chip clients, including IKEA, Nestlé, Maersk, Monde Nissin, Starbucks, and Kuehne+Nagel, offering innovative solutions that align with its global net-zero commitments.

“This is a historic milestone not just for Mober but for the entire logistics industry in the Philippines,” said Dennis Ng, CEO of Mober. “With the addition of these 60 EV trucks, our fleet now stands at 110 units, bringing us closer to our goal of 240 units by the end of the first quarter of 2025. Supported by our proprietary Battery Management System (BMS) and Transport Management System (TMS), we’re ensuring not only sustainability but also efficiency and reliability for our clients.”

Aside from expanding its fleet, Mober is also setting the precedent for innovation in the commercial EV space in the country. Its state-of-the-art Battery Management System (BMS) offers real-time monitoring of battery health and performance, enabling predictive maintenance and extending the lifespan of its fleet. Its proprietary Transport Management System (TMS) optimizes delivery routes, reducing energy consumption and emissions while ensuring operational excellence for its clients.

BDO, the largest bank in the Philippines, sees the partnership as a testament to its growing commitment to green financing and sustainable business practices. "We remain committed to supporting eco-friendly initiatives and innovative businesses that nurture the environment and present opportunities for economic growth. This partnership with Mober reinforces our shared commitment towards a greener, more sustainable future," says Executive Vice President and Head of BDO Unibank's Institutional Banking Group, Charles M. Rodriguez.

The partnership with BDO is the latest in Mober's recent success in securing investments. Last year, Mober secured a $6 million blended investment from the Southeast Asia Clean Energy Facility II (SEACEF II), managed by Singapore-based fund manager Clime Capital. SEACEF II focuses on supporting businesses that accelerate the region's transition to clean energy and low-carbon solutions. Through its partnerships with BDO and Clime Capital, Mober is leading the way in sustainable logistics in the Philippines.

Rachel Santiago-Sacro, Clime Capital Philippines Country Manager, expressed her support, saying, "The Philippines is one of the world's most vulnerable countries to the adverse impacts of climate change. By supporting clean-energy pioneers like Mober, we make a meaningful contribution toward rapid decarbonization in Southeast Asia – helping to meet countries' net-zero targets."

The addition of the new EV trucks comes timely as Mober is set to open its new charging hub in Pasay City by end-January 2025, set to be SEA's largest logistics-focused EV charging facility.

For more information about how Mober is leading the charge toward a cleaner, more sustainable future for the Philippines by visiting https://www.moberdelivery.com.

Higala and Camalig Bank Partner to Revolutionize Rural Banking

Manila, Philippines. November 2024 – In a move to empower rural communities and drive financial inclusion in the Philippines, Higala, the Philippines’ pioneer in inclusive instant payment systems, and Camalig Bank, a leading rural bank in the Bicol region, today announced a strategic partnership.

Through this collaboration, Camalig Bank will participate in the Higala Instant Payment System (IPS) pilot to provide its rural and MSME customers with access to real-time payment rail. By connecting to the Higala IPS, Camalig Bank's customers can now enjoy more convenient, secure, and affordable payment services, such as person-to-person (P2P) fund transfers, person-to-merchant (P2M) payments through QRPh, and other payment use cases that the network will introduce.

"We are excited to partner with Camalig Bank to expand access to digital financial services in the Philippines," said Vice Catudio, CEO of Higala. "By connecting to the Higala IPS, Camalig Bank can offer its customers a wider range of financial services, including real-time payments, at a lower cost."

MSMEs rely on rural banks like Camalig Bank to support their livelihoods. However, the high costs and complexities associated with digital financial services have limited their access to real-time payments and other innovative financial services.

“By partnering with Higala, Camalig Bank aims to empower rural communities and MSMEs by offering convenient and efficient financial services. This aligns with the bank's mission to redefine community banking to be more vibrant and inclusive,” said Miel Moraleda, CEO of Camalig Bank.

Higala's vision is to drive payment interoperability, participation, and efficiency in national-level real-time payment networks. To achieve this, Higala is actively working with various rural banks, thrift banks, commercial banks, and electronic money issuers (EMIs) to connect them to its payment rail.