WebClick Tracer

March 01, 2024

PayMongo CEO Francis Plaza shares formula for innovation

PayMongo CEO and co-founder Francis Plaza shared his insights on how businesses in the Philippines strive for innovation and continuous improvement.

Posting on his personal Twitter account, the modern bankero wrote: “An open mind and the courage to challenge the status quo are the basic ingredients for every innovation.”

Plaza is currently in Europe to meet up with friends and brainstorm with other entrepreneurs.


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

Read More ...