THE Cagayan Economic Zone Authority (CEZA) expects to earn P3.6 billion from the initial 25 offshore financial technology (fintech) and virtual currency companies that are planning to operate in the economic zone.
In a statement on Tuesday, CEZA Administrator Raul Lambino said the amount included the $1 million (P53.42 million) each firm had committed to invest, and excluded the 0.1-percent share generated from every transaction they made.
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