Revolut eyes Philippines license; Vietnam, UK push digital finance

Homepage > News > Finance > Revolut eyes Philippines license; Vietnam, UK push digital finance TL;DR: Revolut is seeking a Philippine digital banking and e-money license after meeting with DTI Secretary Christina Roque in London. Vietnam‘s central bank says financing is the main obstacle to progress in digital banking in the country. The U.K. has named six banks to lead its first digitally native government bond, the DIGIT pilot, due by Q1 2027. Key Takeaways: Revolut plans to seek a Bangko Sentral ng Pilipinas license for digital banking and e-money services. Revolut met DTI Secretary Christina Roque in London on October 2 to discuss its Philippine entry. The State Bank of Vietnam has established a sector-wide steering committee and a digital transformation strategy that runs until 2030. The U.K. named six banks to lead its DIGIT digital gilt pilot, due by Q1 2027. UK-based fintech firm Revolut plans to obtain license in the Philippines Revolut—a U.K.-based fintech company—is looking to set up shop in the Philippines, news outlet Finextra reported. The bank is reportedly seeking a license from the Philippines’ central bank, the Bangko Sentral ng Pilipinas, to offer digita...