This neobank targets the young and unbanked population in the Philippines | Startup Stories

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The Philippines is the third-largest economy in Southeast Asia, however, 71% of the country’s 72 million adult population remain unbanked, according to the 2019 Financial Inclusion Survey. That’s a huge market that many digital bank players are ready to tap into after the Philippine Central Bank (BSP) approved rules in November 2020 regarding the creation and licensing of digital banks. Tonik…
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