BSP approves Union Bank’s digital subsidiary

bsp approves union banks digital subsidiary

Sumary of BSP approves Union Bank’s digital subsidiary:

  • The Bangko Sentral ng Pilipinas approved on July 15 the application of Union Bank of the Philippines for an authority to establish a digital bank.
  • BSP Governor Benjamin Diokno, in a speech at the 4th BSP Webinar Series “The Age of Digital Banking”, cited the importance of the BSP’s Digital Banking Framework in bringing the Philippines a step closer to reaching its strategic objective.

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