BSP’s Potential Reopening of Digital Bank Licenses Signals New Era in Philippine Banking!
The Bangko Sentral ng Pilipinas (BSP) is contemplating the reopening of digital bank license applications, responding to substantial interest from various entities, with the possibility of issuing new licenses on the horizon. In 2021, the BSP initiated a three-year halt on digital banking licenses, capping the number of digital banks at six, to accumulate regulatory […]
