DBP partners with Paymaya for pension disbursement

Development Bank of the Philippines announced fintech partnership with Paymaya on June 30, 2020.

Primary

Development Bank of the Philippines

Counterparty

Paymaya

Structure

fintech partnership

Date

June 30, 2020

Sub-sector

Treasury / Cash Management

DBP transformed pension fund disbursements from physical checks to electronic delivery via Paymaya fintech partner, enabling efficient cash management.

Primary company

Development Bank of the Philippines

Counterparty

Paymaya

Amount

Not disclosed

Event date

June 30, 2020

Sub-sector

Treasury / Cash Management

HQ

Not disclosed

Structure

fintech partnership

Source published

November 24, 2020

Publisher

Global Banking & Finance Review

Source: globalbankingandfinance.com