Why are Traditional Banks afraid of the Truth?
Have you noticed that more and more businesses are accepting online payments using bank transfers, mobile payments thru phone numbers, or via QR Code? That is because the new trend of banking is mobile and internet banking. Banks are now accelerating and scaling their assets in capitalizing on digitization. But there are some traditional banks […]
Digital Banking in 2020: Is Philippines Ready?
Digital banking is not news to the banking and finance industry in the Philippines. However, the industry has been in wait-and-see mode when it comes to adopting the concept. Innovators, nonetheless, sees the market’s promise. Ere the outrage of COVID19, actors intend to push this innovation and establish a position in the Philippine market.
2020: The Future of Philippine Banking
As the impact of COVID19 on health and the economy continues to persist, key actors create ways in an attempt to sustain the country’s survivability. The central bank sees the exponential growth in digital transactions as an opportunity for the banking and finance sector to seize the hype and cater to the growing desire for digital payment solutions.
What Sparked the Emergence of Digital Banking
As we live in the computer age, the existence of online banking appears ordinary to us. Every major bank tailors a system that is capable of online access. The absence of such is almost unimaginable, especially these days. The evolution of digital technology presented an invaluable advantage to banks as it attempts to address the […]