BSP Updates Regulations on Digital Banks
BSP approved changes about digital banks and clarified the processes involved in the new industry.
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Digital Bank
BSP Unlikely to Approve More Digital Banks in Near Future – Incoming BSP Governor
It might be two to three years before the BSP starts processing digital banks again.
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SEC Approves UnionBank Digital Arm
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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Rise of Digital Banks a ‘game-changer’ – Bangko Sentral
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.
Read more Bangko Sentral to Reopen Digital Bank Applications If Needed
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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PLDT Secures Digital Banking License
PLDT enters the digital bank race as it secures a license from the BSP.
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Gokengwei-backed GOtyme Secures Digital Bank License
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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UnionBank to Launch Digital Bank in 2022
UnionBank is the first publicly-listed Philippine bank to be granted a digital banking license by the BSP.
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UnionBank Receives Digital Banking License, Will Launch UnionDigital Bank
Unionbank will create a new subsidiary which will be called Union Digital Bank (UnionDigital) according to a recent filing.
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PayMaya Eyes Digital Banking License After Securing $167M from Tencent, PLDT, IFC
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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