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The moratorium will last for three years.
No new applications for digital banking licenses will be accepted after August 31, 2021, the Monetary Board of the Bangko Sentral ng Pilipinas announced on Thursday (August 19). The moratorium will take effect over the next three years so the BSP can ...
 
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Welcome the country’s newest neobank.
The Bangko Sentral ng Pilipinas has granted a digital banking license to GOTyme, a partnership between the Gokongwei group and Singapore-based digital banking group Tyme. It is so far the fifth neobank or digital-only bank that the BSP has approved after the ...
 
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Next target: a neobank.
Voyager Innovations Inc., the digital unit of PLDT, has raised $167 million (about P8.11 billion) in fresh capital for its financial inclusion agenda through its fintech arm, Paymaya. Existing investors that participated in the capital raise are pareant company PLDT Inc., global investment ...
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