Maribank Philippines, Inc. has been granted a digital banking license by the central bank, allowing it to operate nationwide.
In a circular issued on July 22, the central bank confirmed that Maribank received a certificate of authority on July 8, upgrading its previous rural bank license.
The Securities and Exchange Commission approved the bank’s amended articles of incorporation and bylaws as a digital bank on June 16, and the institution began digital operations on July 18.
With this development, Maribank becomes the seventh digital bank in the Philippines.
The bank emphasized its commitment to simplicity and reliability, stating that the new classification will enable further innovation and broader reach.
Central bank officials noted that Maribank’s transition supports the country’s move toward cashless payments and is expected to enhance competition and consumer benefits.
On July 9, Maribank eliminated monthly limits on its free InstaPay and PESONet fund transfers in response to regulatory directives to reduce digital transfer fees.
The institution began as a rural bank in 1965, underwent several rebrands, and became a digital-first rural bank following integration with a Singapore entity in April 2025.
It was the first to secure one of the four additional digital banking licenses issued last year to expand the sector.
Other digital banks operating in the country include GoTyme Bank Corp., Maya Bank, Inc., Overseas Filipino Bank, Inc., Tonik Digital Bank, Inc., UnionDigital Bank, Inc., and UNObank, Inc.
