PH · PHP
Philippines digital banks
UNO, Maya, GCash, and Tonik are the names. E-wallets dwarf classic current accounts. BSP distinguishes banks, e-money issuers, and VASPs. PDIC is for banks. GCash-scale wallets are EMI products with a different recovery story. This page labels the licence so “Uno Bank” searchers (a top Neobanque query) get a real review, not a scraped App Store blurb.
6Live on the desk
Regulator
Bangko Sentral ng Pilipinas (BSP)
Deposit scheme
PDIC covers deposits at member banks up to PHP 500,000
In this market
Licence still sits on the product| Product | Score | HQ | Monthly | FX | Users | Licence | |
|---|---|---|---|---|---|---|---|
 Wise | 8.6 | London, United Kingdom | Free personal | Mid-market plus a transparent conversion fee — the category benchmark | 16M+ | EMI (personal) | |
 Trust Wallet | 7.6 | Global, United States | Free | Swap aggregator | 200M+ | See review | |
 Binance | 7.6 | Global / remote, United Arab Emirates | VIP fee tiers | Spot/futures fees; tight on liquid pairs | 200M+ | VASP / exchange licences by country | |
 RedotPay | 7.5 | Hong Kong, Hong Kong | Free virtual | Stablecoin to fiat conversion + scheme FX | 2M+ | Card programme + VASP stack | |
 Bybit | 7.3 | Dubai, United Arab Emirates | Derivatives fee schedule | Trading fees | 50M+ | VASP by market | |
 Maya | 7.2 | Pasig, Philippines | Free wallet | On overseas card spend | 50M+ | Digital bank + EMI heritage |
Questions
Is GCash a bank?+–
GCash is an e-money wallet. Maya has a digital-bank licence. UNO positions as a digital bank. Those three sentences are the whole Philippine market in miniature.
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PeruCross-check the scoring weights and the graveyard before you treat a leftover landing page as live.