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Deposits are insured by PDIC up to ₱1 Million per depositor
NEWS   


PDIC, DiBA PH hold bilateral exchange on PH digital banking

NEWS RELEASE
Date of Release: June 2, 2026
FOR IMMEDIATE RELEASE
PR-042-26

Corporate Communications Department
Tel: (02) 8841-4636 to 39
Trunkline: (02) 8841-4000
Email: ccd@pdic.gov.ph

The Philippine Deposit Insurance Corporation (PDIC) and the Digital Bank Association of the Philippines (DiBA PH) engaged in a bilateral exchange on industry developments at the PDIC Chino Bldg. in Makati City on May 14, 2026.

The breakthrough dialogue brought together officials from some of the country’s leading digital banks, including Maya Bank, GoTyme Bank, UNO Digital Bank, Union Digital Bank, and Overseas Filipino Bank. The session opened with vital updates on PDIC's programs, followed by presentations on the PDIC K.E.Y. (Knowledge Foundations, Enhanced Governance, and Your Compliance Compass) training program and the risk-based assessment system currently being developed by the Corporation with the World Bank group.

Pivoting to the industry perspective, DiBA PH President Angelo Madrid briefed PDIC on the emerging trends, opportunities, and unique operational realities driving the Philippine digital banking sector today. The exchange wrapped up with an open forum, bridging the gap between innovative financial technology and robust depositor safety net protocols.

The inaugural exchange establishes a strong collaboration between the PDIC and digital banking leaders, to ensure that as digital financial services scale across the country, the safety and resilience of every Filipino’s hard-earned deposit remain safeguarded.

The PDIC and DiBA PH committed to maintaining this collaborative momentum, establishing a framework for continuous dialogue that will champion financial inclusion, adapt to rapid technological shifts, and maintain absolute stability in the Philippine financial system.

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The Philippine Deposit Insurance Corporation (PDIC) was established on 22 June 1963 by Republic Act 3591 to protect depositors and help maintain stability in the financial system.

The PDIC is an attached agency of the Bangko Sentral ng Pilipinas and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.

PDIC news/press releases and other information are available at the website, www.pdic.gov.ph.

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PDIC is a government instrumentality created in 1963
by virtue of Republic Act 3591, as amended, to insure
the deposits of all banks. PDIC exists to protect
depositors by providing deposit insurance coverage for the depositing public and help promote financial stability. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
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