Covid-19 in the Philippines: the end of branch banking?
The Philippines is experiencing a boom in digital banking as a result of the Covid-19 pandemic, with several digital-only banks announcing plans to enter the market and legacy banks rapidly upgrading their online offerings. In May East-West Banking Corporation, the country’s 11th-largest bank by assets, revealed plans to launch its own fully digital bank, Komo, in the third quarter of this year. Upon…
