Revolut in talks for digital bank license in the Philippines
- —Revolut is seeking a digital bank license in the Philippines
- —The central bank requires assessment and compliance with foreign bank rules
- —Revolut already holds bank licenses in the UK, Australia, Colombia and France
- —It applied for a Swiss banking license in September
Why it matters: Revolut's push into Asia intensifies competition among digital banks and could speed crypto services integration in the region.
Source: PANews