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31 Mar 2023
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Digital Bank

News Regulation 

BSP Updates Regulations on Digital Banks

22 Sep 202223 Sep 2022 Shiela Bertillo BSP, Digital Bank 3 min read

BSP approved changes about digital banks and clarified the processes involved in the new industry.

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News Regulation 

BSP Unlikely to Approve More Digital Banks in Near Future – Incoming BSP Governor

23 Jun 202223 Jun 2022 Shiela Bertillo BSP, Digital Bank, Felipe Medalla 2 min read

It might be two to three years before the BSP starts processing digital banks again.

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Business Fintech 

SEC Approves UnionBank Digital Arm

6 Dec 20216 Dec 2021 BitPinas 3 Comments UnionBank, Digital Bank, Union Digital 1 min read

Aboitiz-led Union Bank of the Philippines (UnionBank) said that it received the approval of the Securities and Exchange Commission (SEC) to put up a digital banking subsidiary.

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News Fintech 

Rise of Digital Banks a ‘game-changer’ – Bangko Sentral

11 Oct 202111 Oct 2021 BitPinas 9 Comments BSP, Digital Bank 1 min read

BSP’s goal in digital banking is to help the central bank to reach its goal – to attract 70% of Filipino adults into the banked population, and 50% of the payments be done online by the year 2023.

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News Fintech 

Bangko Sentral to Reopen Digital Bank Applications If Needed

4 Oct 20214 Oct 2021 BitPinas 4 Comments BSP, Digital Bank 2 min read

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno announced the possibility to reopen the window for digital bank license applications if additional neobanks are needed.

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News Fintech 

PLDT Secures Digital Banking License

20 Sep 202120 Sep 2021 Michael Mislos 16 Comments PLDT, Digital Bank, Maya Bank 1 min read

PLDT enters the digital bank race as it secures a license from the BSP.

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News Fintech 

Gokengwei-backed GOtyme Secures Digital Bank License

21 Aug 202120 Aug 2021 BitPinas 15 Comments BSP, Digital Bank, GOtyme 2 min read

BSP announced that it will no longer be receiving applications for new digital banks including banks wanting to convert their status from 1st September 2021.

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News Fintech 

UnionBank to Launch Digital Bank in 2022

14 Aug 202113 Aug 2021 BitPinas 16 Comments UnionBank, Digital Bank 1 min read

UnionBank is the first publicly-listed Philippine bank to be granted a digital banking license by the BSP.

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News Fintech 

UnionBank Receives Digital Banking License, Will Launch UnionDigital Bank

26 Jul 202126 Jul 2021 Sean Millare 10 Comments BSP, UnionBank, Digital Bank 1 min read

Unionbank will create a new subsidiary which will be called Union Digital Bank (UnionDigital) according to a recent filing.

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News Fintech 

PayMaya Eyes Digital Banking License After Securing $167M from Tencent, PLDT, IFC

1 Jul 20211 Jul 2021 Sean Millare 12 Comments PLDT, PayMaya, IFC, Tencent, Digital Bank 1 min read

Voyager Innovations, the parent company of PayMaya secured $167 million investment which will be used to expand to digital banking & other financial services.

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