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Mar 08 2024 BSP: Only two of six PH digital banks are profitable
By: BusinessInquirer
Source: businessinquirerBangko Sentral ng Pilipinas Governor and Monetary Board Chair Eli Remolona, Jr. | PHOTO: Official facebook page of the Department of Finance.
MANILA, Philippines — Only two of the six digital banks in the country are profitable, with losses likely to persist in the medium term as the nascent industry continues to find the…
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Mar 08 2024 Here Are the Licensed Cryptocurrency Exchanges in the Philippines
By: FintechNews
Source: fintechnewsI
n the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalisation of the country’s payments, but also by the progressive stance towards cryptocurrency exchanges.
As the global cryptocurrency markets have endured waves of positive and negative effects, from prominent exchange collapses to the launch of Bitcoin ETFs backed by…