UnionDigital Bank commenced operations on Monday after receiving the BSP's green light for the launch last week.
July 20, 2022Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
December 1, 2021The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
September 21, 2021Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
September 13, 2021UnionBank is the latest to receive the licence after Landbank's Overseas Filipino Bank, Tonik Bank, and UNOBank.
July 31, 2021Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa's TymeBank, UnionBank, and EastWest Bank are among the applicants.
July 2, 2021The 'SEC Payment Portal' allows for the payment of registration fees, penalties and other fees using other cashless payment options.
March 13, 2021