Digital Bank License of PLDT’s Voyager Innovation has been approved by the Banko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas has approved the digital bank license application of PLDT’s Voyager Innovation Inc., This brings the total of 6 digital banks allowed to operate under this new banking classification.The Monetary board has approved the application of Maya Bank to operate as a digital bank in the Philippines.

Maya Bank and Paymaya are part of PLDT’s Voyager Innovations Group.

Digital Banks in the Philippines

To date the digital bank license has been granted to the following banks

1. Overseas Filipino Bank
2. Tonik Digital Bank
3. UNObank
4. Unionbank Digital Bank
5. GOtyme
6. Maya Digital Bank

There is only 1 license left limiting the digital bank licenses in the country to 7 in total. Who will be awarded that last license? Let’s wait and see.