BSP allows Union Bank to put up digital unit

By Mayvelin U. Caraballo

Jul 22, 2021 1:12 am

The Bangko Sentral ng Pilipinas (BSP) has allowed Union Bank of the Philippines (UnionBank) to put up its digital bank unit.

In a disclosure on Wednesday, the listed lender said the central bank approved its application for authority to establish a digital bank last July 15.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Peso seen plunging to P63:$1

Trump govt readies reciprocal US tariffs

Bank lending hits 2-year high; M3 growth steady

Illicit goods worth P85.2B seized last year – Customs

14 bids accepted by DOE at green energy auction

Digital transformation is broken

Guidelines in imposing VAT on digital services