Ayannah, a digital payments startup based in the Philippines, has raised $1 million in new funding, reported technology news source TechCrunch http://www.crunchbase.com/organization/techcrunch.
Entrepreneurs in the Philippines are exploring the potential of Bitcoin in improving payments structures. Perhaps the most well known startup is Coins.ph, a Bitcoin exchange service and merchant processor that has inked two deals with major local merchants.
By Matikas Santos
A pending “forced remittance” bill at the House of Representatives is unnecessary and runs the risk of affecting the majority of Overseas Filipino Workers (OFWs) who are diligent in supporting their relatives and families back in the Philippines.
By Paolo G. Montecillo
Money transfers by migrants rose faster than expected in January amid strong demand for Filipino labor and as workers sent home more cash to fund the reconstruction of areas affected by typhoon “Yolanda” (Haiyan).
By Odette Keeley
Protests against corruption in the Philippines erupted last month over a pork-barrel scandal, in which a wealthy businesswoman allegedly colluded with high-ranking government officials to siphon off P10 billion ($233 million) from public coffers.