Revolut weighs Philippines entry with digital bank and e-money plans
- —Revolut is considering a wholly owned subsidiary in the Philippines
- —Plans include a digital bank and electronic money issuer (EMI) services
- —Philippine trade secretary met Revolut in London on October 2
- —The company is reviewing corporate structure and licensing under BSP rules
Why it matters: Revolut's entry would intensify competition in the Philippines' digital banking and e-money market if licenses are secured.
Source: TokenPost