Digital banks in PH hit P153 billion in deposits amid rapid growth

MANILA, Philippines — Deposits held by the country’s digital banks surged past P150 billion in the first quarter, highlighting the sector’s rapid expansion as online-only lenders continue gaining ground against traditional banks. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the six licensed digital banks in the country collected P153 billion in

About admin