Tagged: ofbank

Digital Banking: Philippines based OFBank Acquires the Country’s First Virtual Bank License

April 5, 2021 @ 11:17 pm By Omar Faridi |

Overseas Filipino Bank (OFBank), which is a wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK), has managed to acquire an operational license following the introduction of the Bangko Sentral ng Pilipinas’ (BSP) updated virtual banking guidelines. OFBank was reportedly provided a digital banking… Read More

Another Digital Bank to Launch in the Philippines, as Government Aims to Offer Virtual Banking Services to Filipinos Working Abroad

May 24, 2020 @ 11:35 pm By Omar Faridi |

An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed that it will launch a branchless bank that will offer services to Filipinos working and living abroad. The digital bank will also… Read More