Here’s what you need to know about Overseas Filipino Bank (OFBank) OVERSEAS FILIPINO BANK – This article will teach you about OFBank and the step-by-step process on how to open an account. An OFBank is one of the six digital banks that are currently in operation in the Philippines. Other digital banks are UnionDigital Bank, … Read more
Here are the documents needed to open a UnionDigital Bank account UNIONDIGITAL BANK – This article will teach you about the documents needed in order for you to open an account. A UnionDigital Bank is a digital bank that aims to make banking more safe and accessible to Filipinos and to also empower the country’s … Read more
Here’s how to apply and become eligible for UNO loan UNO LOAN – This article will teach you how to apply and be eligible for this loan offered by UNO Digital Bank. UNO Digital Bank is supervised by the Bangko Sentral ng Pilipinas (BSP) and has its deposits insured by the Philippine Deposit Insurance Corporation … Read more
GoTyme Bank has secured the Certificate of Authority from BSP. GOTYME BANK — The Gokongwei-backed digital bank has secured the Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP). GoTyme Bank has secured the necessary license from the central bank to operate as a digital bank by completing the final stage in establishing operations … Read more
GCash: “Even without this license, we are already able to offer a full suite of financial services” GCASH — The financial technology (fintech) company has no plans to get a digital banking license “at the moment”. The fintech company was also asked what it can do that a digital bank can’t do. According to GCash, … Read more
GCash is unfazed over Paymaya’s move to open a digital bank. GCASH — The financial technology (fintech) company is unfazed over Paymaya’s move to open a digital bank. To recall, Paymaya (now Maya) has rebranded as it goes beyond digital wallet and payments services with the integration of its digital bank and cryptocurrency (crypto) trading … Read more
Tonik has secured more than P5 billion worth of consumer deposits. TONIK — The digital bank has secured more than P5 billion (around USD 100 million) in consumer deposits only about 8 months after its launch in the Philippines. Tonik Digital Bank was launched by Singapore-based Tonik Financial Pte. Ltd. last March and became the … Read more