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BusinessWorld April 29, 2021 | 12:05 am UNIONBANK OF THE Philippines, Inc. has submitted an application for a digital bank license, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier said on Wednesday. “They [UnionBank] are the newest applicant of a digital bank license, the fourth one,” Ms. Fonacier confirmed in a Viber message. Ms. Fonacier earlier said there were currently three applicants for a digital banking license from partnerships between local and foreign players. UnionBank Senior Executive Vice-President and Chief Technology and Operations Officer Henry Rhoel R. Aguda likewise announced this at a webinar hosted by Malaysia-based FintechNews on Wednesday. “We’ve already submitted our application [for a digital bank license], so the deputy governor is hopefully going to look at it favorably,” Henry Rhoel R. Aguda said, referring to Ms. Fonacier who was also among the speakers at the event.

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