In a circular signed by BSP Governor Eli Remolona Jr., the Monetary Board approved the lifting of the ban on the issuance of new digital banking licenses. This includes the conversion of traditional banks into digital entities.
"This aims to continuously harness the potential of digital banks in bringing positive impact to the financial system through the introduction of new or emerging business models while remaining sensitive to their attendant risks and at the same time, levels the playing field between incumbent banks and new entrants," the BSP said.
Starting Jan. 1, 2025, a maximum of 10 digital banks will be allowed to operate in the country. Six digital banks are currently operating in the Philippines since the issuance of the Digital Banking Framework in December 2020.
Thus, lifting the moratorium will only accommodate four additional licenses, coming from either new or converting banks.
この記事は The Philippine Star の December 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Philippine Star の December 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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