GoTyme Bank experienced phenomenal growth in the Philippines. Garnering praises for its exceptional user experience, robust security measures and outstanding customer service, the bank attracted 2.5 million users in just 15 months after its launch in 2022.A refreshing alternative to...
Maya
If you’re looking for a way to jumpstart your money goals this 2023, fret not! Maya, your all-in-one digital bank, has got you covered.
Whether you are looking for ways to save on shopping, travel, boost your savings, or get your bills covered, Maya runs down tips and tricks to master...
Leading digital banking services provider CIMB Bank PH has partnered with Southeast Asia’s leading digital payments provider SeaMoney to onboard 2.5 million loan customers in 2023, doubling the 1.3 million users SPayLater currently has in the country.
The BNPL transaction volume in the...
64897
Tonik Financial Pte Ltd (“Tonik”), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets...
The Bangko Sentral ng Pilipinas (BSP) is expected to complete its review of two more local-owned banks applying for digital bank license next week, the last two slots for authorized digital banks in the country which has been limited to just seven banks.
“There are two more in the...
There are five foreign banks that are expected to apply for digital bank license with the Bangko Sentral ng Pilipinas (BSP) soon, according to a senior BSP official.
“The BSP received expressions of interest (EOI) from around five foreign banks abroad and already operating in the country...
Overseas Filipino Bank (OF Bank), a subsidiary of government-owned Land Bank of the Philippines, has become the country’s first online-only bank after the Bangko Sentral ng Pilipinas (BSP) granted it digital banking license on Maundy Thursday.
BSP Deputy Governor Chuchi G. Fonacier, head of...
New bank applicants that are proposing to operate business models that looked like digital banks will be approved as digital banks, according to a Bangko Sentral ng Pilipinas (BSP) memo released on Tuesday clarifying the new circular on the establishment of digital banks.
BSP Deputy Governor...
The Bangko Sentral ng Pilipinas (BSP) has approved the framework for digital banking in the country, creating a seventh bank category.
“Digital banks will play an important role in the digital financial ecosystem,” said BSP Governor Benjamin E. Diokno in a statement Thursday. These banks, he...
Aboitiz-owned Union Bank of the Philippines (UnionBank) will consider applying for a digital bank license to support its agenda for financial inclusion.
UnionBank chief financial officer Jose Emmanuel Hilado believes the bank is already a digital bank after years of digital...
The Philippine National Bank (PNB) is thinking of putting up a digital bank either as a subsidiary or stand-alone unit, according to its president and CEO Jose Arnulfo “Wick” Veloso.
PNB president and CEO Jose Arnulfo “Wick” Veloso
“We’re discussing internally with the...
