BSP Imposes ₱1‑B Capital Requirement for Banks Going Fully Digital
The Bangko Sentral ng Pilipinas (BSP) has taken decisive measures to strengthen the country’s digital banking landscape by issuing Circular No. 1240, s. 2026, which imposes a ₱1‑billion minimum capital requirement on thrift banks, rural banks, and cooperative banks shifting toward digital‑centric business models. The circular requires banks that the BSP determines to be operating […]
GCash IPO Attracts Institutional Investors
Mynt, the parent company of GCash, an e-wallet super app with over 41.5 million active users—representing 56 percent of the Philippine population, is set for an initial public offering soon. The set price will be determined on October 1. That said, the IPO, at a price of 8 to 10 pesos per share, values the […]