Archive

Neobank Netbank Joins the Mastercard Fintech Express to Become a Card Issuer

Netbank announced that it will join the Mastercard Fintech Express programme which gives it access to a vast range of the latter’s digital-first products and enabling it to issue debit and credit cards under its partners’ brands. Through the initiative,

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RCBC Rolls Out Open Banking Partnership With the Rural Bankers Association

The Rizal Commercial Banking Corporation (RCBC) has rolled out an enabling digitalisation initiative with a new partnership with the Rural Bankers Association of the Philippines (RBAP) for the SynerFi Open Finance Network. This move comes days after the Bangko Sentral

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Philippines Central Bank Cracks Down on Entities Posing as Digital Banks

The Bangko Sentral ng Pilipinas (BSP) has issued a circular to put a stop to any entities that are misrepresenting themselves as digital banks in their marketing activities. While BSP has only recently granted its first batch of licenses, several

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Philippines Central Bank BSP Issues Digital Bank License to UNObank

The Bangko Sentral ng Pilipinas (BSP) has granted the third digital bank license to Singapore headquartered fintech DigibankASIA, one of the primary incorporators of UNObank. In the past few months, BSP has granted the other two licenses to state-owned Overseas

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Neobank Tonik Secures Digital Banking License

Neobank Tonik announced that it has secured a digital bank license from the Bangko Sentral ng Pilipinas (BSP) as it has been operating under a rural banking license since 2019. A year later, BSP had issued a framework on the

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RCBC’s Diskartech App Emerges as Filipinos’ Preferred Disbursement Platform

Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech is gaining ground as a preferred disbursement platform of Filipinos for social aid, loans proceeds, dividends, and other digital payments. Since the start of community quarantines in March 2020, RCBC

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Intellicare Taps Unionbank to Open Digital ePaycard Accounts for Affiliated Doctors

Philippines’ health maintenance organisation (HMO) Asalus Corporation which operates under the trade name Intellicare, partnered with Union Bank of the Philippines for ePaycard Digital Account Opening (eDAO). This helps to speed up the disbursement of professional fees, benefits, and other

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Neobank Netbank Officially Kicks Off With a Rural Banking License

Netbank, a banking as a service platform in the Philippines, has been launched by an experienced team of international and Filipino bankers. Much like its counterpart Tonik, Netbank is a fully regulated bank operating under a rural banking license. The

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