Thursday, May 23, 2024
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digital bank

With new $167-M funding, PayMaya readies expansion into digital banking

Voyager Innovations, the operator of digital wallet PayMaya, has announced that it raised $167 million to fast-track its digital financial services through PayMaya and its soon-to-be-established digital bank.

BSP to limit number of pioneer digital banking players to 5

Bangko Sentral ng Pilipinas governor Benjamin Diokno said the central bank is putting a cap on the initial set of digital banking players as it wants to observe first the operations of these entities.

BSP approves licensing regulations for digital banks in PH

The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new bank category that is separate and distinct from existing bank classifications.

BSP says policy governing digital banks out before year-end

Regulatory policies on the establishment of digital banks are expected to be ready before the end of 2020, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno said.

Gov’t-owned digital bank posts 300 daily account openings

The state-owned digital-only Overseas Filipino Bank (OFBank) has registered about 300 account openings a day since its mobile app was launched last June 29, its president and chief executive officer Leila Martin said.

Another digital-only bank set to launch in PH this Q3

Finance startup Tonik said it received early this year a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a digital bank.

Despite revoked license, lending firm Robocash to launch digital bank in PH

Singapore-headquartered online lending firm Robocash Group has announced it is now raising funds to finance the launch of its digital bank in the Philippines called “Una Bank” by September 2020.

EastWest to launch own all-digital bank ‘Komo’ in Q3

Last May 8, Komo received approval from the BSP to launch its Digital Bank Services to the public. This marks the countdown to a product launch sometime in Q3 2020, according to EastWest.
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