Philippine Central BankGovernor Benjamin Diokno. - Bloomberg
MANILA (Bloomberg): The Philippine central bank will stop accepting applications for digital banking licences from Sept. 1, Governor Benjamin Diokno said.
Bangko Sentral ng Pilipinas will close the application window for three years to allow the regulator "to better monitor” the performance of the industry, Diokno said in a briefing on Thursday (Aug 19).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
