Revolut Considers Setting Up Wholly-Owned Philippine Subsidiary, Eyes Digital Banking Entry
Revolut is reviewing a wholly-owned subsidiary structure in the Philippines to provide digital banking and EMI (electronic money issuer) services.
DTI Secretary Cristina Roque met Revolut's Global Head of Government Affairs Adam Gagen in London on October 2 to discuss market entry.
Revolut is assessing corporate structures and licensing pathways that comply with Bangko Sentral ng Pilipinas (BSP) requirements, according to Tech in Asia.