Revolut plans to apply for digital bank and e-money licences in the Philippines, the trade department says

Revolut will apply for digital bank and electronic money issuer licences from the Bangko Sentral ng Pilipinas, according to the Philippine Department of Trade and Industry. DTI Secretary Cristina Roque discussed the plans with Adam Gagen, Revolut's global head of government affairs, at the company's London headquarters on 2 October. Revolut is still reviewing the regulatory and corporate structures it would need, so the plan is at the evaluation stage.

The company already runs a Global Tech Hub in Manila, opened in July 2025 to support teams across the UK, Europe, Asia-Pacific and the Americas, and in February named former GoTyme Bank co-CEO Albert Tinio as its Manila-based CEO-designate.

The BSP lifted its moratorium on new digital banks and opened four additional licences, with applications closed in December 2025. MariBank took the first slot in July, becoming the country's seventh digital bank; the regulator has not named the other applicants, and earlier said an unnamed European digital bank had completed its requirements. Roque said a wider Revolut presence could give Filipino businesses better access to digital financial services and international markets.