Cagayan Freeport eyed as haven for offshore firms

SANTA ANA, Cagayan: The Cagayan Economic Zone Authority (CEZA) announced on Monday that a total of 21 offshore financial technology (Fintech) firms are expected to bring in up to P2 billion investments.

Secretary Raul Lambino, CEZA administrator and chief executive officer (CEO), said the Cagayan Special Economic Zone and Freeport (CSEZFP), being developed into Fintech solutions and blockchain hub, will soon be a haven for offshore companies who locate in this Northern Luzon enclave.