Globe hits new financial peak with record EBITDA in 2023
Globe reached a financial milestone for 2023, achieving a record consolidated EBITDA or earnings before interest, taxes, depreciation, and amortization of PHP81.4 billion, a 3% increase from the previous year’s PHP79.1 billion. This growth is attributed to a healthy 3% expansion in the company’s topline, effectively balancing the rise in operating expenses. It underscores Globe’s […]
Globe lights up new submarine cable segment from Luzon to Mindanao, nears completion of inland facilities
In a major milestone in its network expansion, Globe has activated a segment of the Philippine Domestic Submarine Cable Network (PDSCN) from Luzon to Mindanao, signaling the start of on-ground connections to serve more customers. Globe’s segment in the PDSCN Express Route was lit up on February 5, covering the following points: ● Lucena City, Quezon ● Boac, […]
Globe posts all-time high PHPH18.3-B corporate data revenues in 2023
Globe reported an all-time high of PHP18.3 billion in Corporate Data revenues in 2023, outpacing the prior year’s performance by 7%. This milestone was mainly spurred by the strong demand for Information and Communications Technology (ICT) services, which grew 14% year-on-year. The fourth quarter of 2023 also witnessed a 6% increase in Corporate Data revenues, […]
GCash eyes ramping up GStocks PH user base in 2024Aims to widen access to stocks as analysts see market rebound
GCash, the Philippines’ top finance app and largest cashless ecosystem, aims to ramp up the user base of its stock investment platform as analysts see a recovery in financial markets this year. In 2023, GCash tapped AB Capital Securities, Inc. (ABCSI), to introduce GStocks PH to its millions of users, allowing them to diversify their […]
GCash, NBI partnership leads to arrest of more cybercriminals
Immediately following the landmark MOA signing of the National Bureau of Investigation (NBI) and GCash, the solidified commitment has already led to consecutive successful arrests of cybercriminals. This time, seven individuals in Quezon City were apprehended for defrauding GCash customers. Inquest proceedings followed the arrest at the Quezon City prosecutor’s office on charges of violating […]
BSP approves full launch of GCash Overseas
Filipinos in 16 countries can soon use international mobile numbers for the GCash app GCash, the Philippines’ leading finance super app and biggest cashless ecosystem, gets the green light from the Bangko Sentral ng Pilipinas (BSP) to allow millions more Filipinos overseas to use the app with their international mobile numbers. Initially available in beta […]
CICC, GCash sign agreement to ramp up fight against fraud
Further cementing its long-standing commitment to provide Filipinos with secure and safe digital financial services, the Cybercrime Investigation and Coordination Center (CICC) has signed an agreement with the country’s number one finance app, GCash, to intensify its campaign against online fraud and scams. Under the agreement, GCash will continue to collaborate with CICC, leverage their […]
Security Bank drives digital transformation of wealth management business with Avaloq
Makati-based Security Bank has entered a new partnership with Avaloq, a leading provider of wealth management technology and software. The bank aims to digitalize its wealth management business with the Avaloq Core Platform and to roll out Avaloq’s Relationship Manager (RM) Workplace solution to strengthen its front office. The new partnership will further streamline the […]
Home Credit PH surpasses 10 million customers, finances close to PHP300 billion worth of credit nationwide
MANILA, PHILIPPINES—Home Credit Philippines (HCPH) achieved a remarkable milestone as it reached 10 million customers in time for its celebration of a decade of unwavering service. Since 2013, the leading consumer finance company has granted a total of P295.7 billion (as of Dec 2023) in credit throughout the country through its installments, cash loans and […]
DM&A Co. Triumphs with First-Ever Silver Anvil Award: Home Credit’s Back-to-School Campaign Shines
San Juan, Manila – February 8, 2024 – Dugenia, Marayan and Associates Company (DM&A Co.), a rising full-service communications agency, celebrated a historic moment as they clinched their first-ever Anvil Award at the 59th Anvil Awards ceremony held at the Marriott Grand Ballroom in Newport City on January 31. The agency was recognized for their […]