Regulation· ★★★· neutral·

Revolut seeks Philippines digital banking license; UK names banks for digital gilt pilot

  • —Revolut applied to Bangko Sentral ng Pilipinas for digital banking and EMI licenses
  • —The meeting with Philippine DTI took place on October 2 in London
  • —Revolut has 68M retail and 760K business customers, valued at $115B
  • —UK picked Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC for the DIGIT pilot
Why it matters: Revolut's Asia expansion and the UK's digital gilt pilot signal faster institutional adoption of digital finance infrastructure.
Source: CoinGeek
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