MANILA -- The Philippine central bank on Thursday said it will allow the establishment of online-only banks in a move aimed at further expanding digital financial services, which have grown explosively across Southeast Asia amid the pandemic.
Central bank says branchless lenders will boost financial inclusion

The Philippines has decided to allow online-only banks in a bid to boost financial inclusion. (Source photos by Reuters and AP)
MANILA -- The Philippine central bank on Thursday said it will allow the establishment of online-only banks in a move aimed at further expanding digital financial services, which have grown explosively across Southeast Asia amid the pandemic.