Revolut Seeks Philippines Licence for Digital Banking and…
By Abdelaziz Fathi
AI summary of the source article
Revolut is exploring an expansion into the Philippines to offer digital banking and electronic money services. Philippine Trade Secretary Cristina Roque met with Revolut executive Adam Gagen in London to discuss market entry and expanding Revolut's Manila technology hub into a consumer-facing operation. The fintech is assessing regulatory routes under the Bangko Sentral ng Pilipinas framework, which requires digital banks to maintain a PHP 1 billion minimum capital threshold under a 10-bank ceiling. The exploratory push aligns with Revolut's global strategy of securing local banking licences, following moves in the UK, France, Mexico, and the United States.
Why it matters
A local banking licence would allow Revolut to offer deposits and lending in the Philippines, deepening customer relationships and driving higher banking revenue per user.
Key facts
- Revolut is evaluating digital-bank and electronic money issuer licences with the Bangko Sentral ng Pilipinas.
- The Bangko Sentral ng Pilipinas imposes a PHP 1 billion minimum capital threshold for digital banks under a 10-licence ceiling.
- Revolut already operates a Global Technology Hub in Manila opened in July 2025.