CIMB Bank Philippines will not seek a digital banking license from the Bangko Sentral ng Pilipinas (BSP), opting instead to enhance its digital banking capabilities using its existing commercial banking license. The bank believes this approach provides sufficient flexibility to introduce a broader range...
“We have been growing organically since KMC was founded and today’s announcement further cements our commitment for continued expansion throughout the Philippines,” Michael McCullough, Managing Director and Co-Founder of KMC said in the statement. “We are in a leading position to support the...