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There has been a way, or there was one, to run a nationwide digital bank in the Philippines without actually being one.
But that will soon be over now as the Bangko Sentral ng Pilipinas is tweaking the rules that will directly affect how fintechs, digital lenders, and even some consumer platforms scale their banking services.

The crux of…

The Bangko Sentral ng Pilipinas (BSP) is proposing a new regulatory framework in the Philippines to offer more flexible repayment terms for salary-based personal loans.
The proposed initiative aims to alleviate the financial strain of debt servicing for borrowers across the country while maintaining prudent credit standards.

According to a recently released draft circular, the Philippine central bank plans to…