The Philippines is gearing up for a potential surge in digital banks (digibanks). With the Bangko Sentral ng Pilipinas (BSP) hinting…
Digital Banking
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In the last two years, some large banks have been hit with very public, lengthy – over 10…
The Bangko Sentral ng Pilipinas (BSP) may issue more than the initially planned four additional digital banking licenses…
The Bangko Sentral ng Pilipinas (BSP) is set to issue up to four new digital bank licenses in…
The Rural Bank of Sta. Rosa (Laguna) has reported a significant increase in net income for the first…
The Bank of the Philippine Islands (BPI) announced the sale of its 15% stake in digital bank GoTyme…
The Philippine Statistics Authority (PSA) has teamed up with Filipino digital bank GoTyme to enable Filipinos who have…
Philippines-based fintech Maya Innovations reported a notable reduction in its overall losses for 2023, reflecting a focus on…
Union Bank of the Philippines has announced plans to inject an additional PHP 1.6 billion into its digital…
Rizal Commercial Banking Corporation (RCBC) reported that its digital banking platform, RCBC DiskarTech, saw a 79% growth in…
Philippines’ digital bank Maya and Southeast Asian superapp Grab have joined forces to offer instant credit to local…
Philippines digital banks have seen remarkable growth, collectively amassing over PHP 80 billion in deposits by June, according…
Filipino digital bank GoTyme has onboarded 1.7 million new customers in the first half of 2024, bringing its…
Filipino digital bank Maya has disbursed a total of PHP 47 billion (approximately US$819 million) in loans to…
Martha Sazon, CEO of GCash, told Bloomberg that the Filipino e-wallet is considering applying for a digital bank…
Bangko Sentral ng Pilipinas (BSP) will lift the moratorium on granting new digital banking licenses starting 1 January…
Netbank, a rural bank specialising in embedded finance, has entered into a loan channelling agreement with local fintech…
The Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for the country’s digital banking license after three…
GoTyme Bank has announced that it has booked deposits totalling P17.3 billion, driven by a significant increase in…
Tonik Financial, the parent company of the Philippines-based digital lender Tonik Digital Bank, reported reduced year-on-year losses in…