Singapore based UNOBank Receives Digital Bank License in Philippines
UNObank has received a digital bank license in the Philippines, according to a note from the company.
Singapore-based Fintech DigibankASIA Pte. Ltd., creator of UNObank, has received approval from the Bangko Sentral ng Pilipinas (BSP) to operate a bank in the Philippines. The company claims to be the first Fintech to receive a license outright to operate a digital bank in the Philippines. The BSP has granted three digital bank licenses, two of which are conversions from previous bank licenses. UNObank is the first to receive the new license entirely under the Digital Banking License framework. UNObank will be led by Manish Bhai as CEO.