Thursday, July 25, 2024
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BSP to stop accepting digital bank applications starting Aug. 31

BSP governor Benjamin E. Diokno said, however, that applications for digital banking licenses will resume after three years if warranted by the circumstances.

SG-based fintech firms issued digital bank licenses by BSP

Two Singapore-headquartered fintech companies – UNObank and Tonik – have received approval from the Bangko Sentral ng Pilipinas (BSP) to operate digital banks in the country.
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