Firms set up e-payments clearing houses

BANKS and e-money issuers have formally agreed to set up two clearing houses for electronic payments, with the industry eyeing to roll out the new system by end-September as the Bangko Sentral ng Pilipinas (BSP) looks to raise the share of digital transactions in the country.

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Alibaba’s affiliate in mobile money adds Philippines to its portfolio

Alibaba affiliate Ant Financial, manages 58 percent of all online transactions happening in China through its Alipay service, has added Philippines to its expanding mobile money portfolio.

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Ayala buys 49% of Zalora Philippines

Ayala Corp. announced that it had bought 43.3 percent of BF Jade while in a separate disclosure, Ayala Land said it would own 1.91 percent. BPI Capital Corporation, and Kickstart Ventures Inc. also acquired minority ownership stakes in BF-Jade.

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Last Mile Fulfilment Asia 2017

LMFAsia is the only Asian conference and exhibition to curate an ecosystem-based platform for seamless cross border last mile fulfilment in Asia. In its 3rd edition, LMFAsia 2017 will be expecting 3,500 attendees, bringing together retailers, ecommerce, postal and logistics companies

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DCOM Statement re News Reports on BIR Tax Cases Against Online Retailers

In the light of several recent news reports on tax cases filed by BIR against online retailers, the Digital Commerce Association of the Philippines (DCOM) believes that Ensogo (DCOM member) and CashCashPinoy, among our country’s pioneering e-commerce companies

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