As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.
December 8, 2021Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021Agreement to reduce "inequality of access" in the two markets.
August 4, 2016