Fintech developments emerge in the Philippines and China

HappyCash, a fintech platform operated by Yinshan Lending Inc., has launched in the Philippines in partnership with FinScore. The collaboration aims to enhance digital lending by utilizing FinScore’s alternative telco-based credit insights. This approach allows HappyCash to evaluate applicants who may lack traditional credit histories, providing greater access to financial services for underserved populations.

In China, Alipay has introduced a full-stack agentic commerce platform designed to transition merchants toward AI-powered operations. The platform includes a suite of AI business tools and utilizes the AHA protocol to support interoperability across various devices, including smartphones, cars, and AI glasses. To encourage adoption, Alipay has also launched an AI Business Incentive Program for developers and merchants.