The study showed that digital account opening is rapidly becoming the norm in the Philippines, with 76 percent of consumers saying they would open some kind of financial account online.
The 168-year-old Bank of the Philippine Islands (BPI) said it is on an “inflection point” towards massive sea-change with digital transactions now far outstripping traditional branch transactions.
Regional bank CIMB has formally launched its banking presence in the Philippines, making known its aspiration to become the nation?s first all-digital and mobile-first bank.
