Russia-based Tinkoff Bank to invest in PH

Russia’s third-largest retail bank Tinkoff Bank plans to expand its digital operations in the Philippines once it receives its digital banking license from the Bangko Sentral ng Pilipinas (BSP).

During a virtual roundtable with The Manila Times, Tinkoff Bank chairman of the board George Chesakov said that they have decided to venture into the Philippines after receiving investment suggestions in the Southeast Asian region as “all the drivers are here.” 

The bank submitted its digital banking application to the BSP in late August and is expecting to launch early next year “if things go well.”

Tinkoff Bank is a fully online bank that serves all of its customers through online channels and a cloud-based call center.

Read more here.

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