philippines digital banks

Mar

Philippine digibanking sector continues to grow briskly

The Philippine central bank BSP decided in October 2021 to cap the number of digital bank licenses at six for the next three years. It awarded licenses to Overseas Filipino Bank, Tonik Digital Bank, UNObank, Union Digital Bank, GOtyme and Maya Bank. The BSP wants to see how the arrival…

Nov

Asia Banking Research

Philippine digital banks could be real disruptors

In Asia Pacific, digital banking is a tale of two different types of markets. In advanced economies like Hong Kong, Singapore, digital banks often lack a clear value proposition and have limited disruptive capabilities. In developing countries, it is a very different story, and perhaps none more so than the…

Jul

Asia Banking Research

Voyager, RCBC plan to launch digital banks in the Philippines

In both Singapore and Hong Kong, digital banks are nice to have. In Malaysia, whose digital banking application period ended on June 30, the need for digibanks is somewhat greater. But in the Philippines, where 71 million adults remain unbanked and 1/3 of municipalities lack a banking presence, the need…

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philippines digital banks