Retail businesses are important users of financial services and I can say that Westpac has them covered. Westpac’s presence at MHCC will compliment its branches in Cumming Street and Thomson Street. I have been told that apart from personal banking services, this branch will offer foreign exchange and international services like travelers’ cheques and telegraphic transfers.
To further accelerate our digitalization initiatives, BSP has approved the license of six digital-only banks. We expect these digital banks to have a strong start as they capitalize on the growing demand for cross-border digital remittances from the large overseas Filipino workforce across Asia and the Middle East.