🇵🇭📊 Lemoneyd News – Your Weekly Rundown of the Biggest Fintech News in PH

👋 Hello everyone!

Before we start a new week, here are the biggest fintech news stories from this week. Enjoy reading! 💛

🏦 BSP Confirms Only Two Applicants for Digital Bank License as of October 2025

The Bangko Sentral ng Pilipinas has confirmed that only two entities have submitted applications for a digital banking license ahead of the November 30, 2025 deadline. This comes as the BSP prepares to close its digital bank window, citing the need to monitor existing players before expanding the roster.

The low turnout suggests a cautious market response, with potential applicants deterred by strict requirements and capital thresholds. BSP Deputy Governor Chuchi Fonacier emphasized that no extensions will be granted, and incomplete applications will be automatically disqualified.

🥇 MariBank Tops PH Rural Banks by Asset Size

MariBank Philippines now ranks as the number one rural bank in the country in terms of overall assets. The milestone reflects MariBank’s aggressive digital expansion and integration into Sea Limited’s fintech ecosystem.

The bank’s rapid growth follows its July rebrand and signals a shift in how rural banks can scale through tech‑driven models. MariBank’s asset leadership positions it as a key player in bridging traditional banking with digital innovation.

🧘 Oona Launches Holistic Health Plans for Filipino Families

Oona Insurance has unveiled a new suite of global and local health plans focused on holistic wellness, preventive care, and mental health support. The plans include coverage for outpatient services, wellness checkups, and telemedicine — with options tailored for families, OFWs, and remote workers.

Oona’s launch comes amid rising healthcare costs and growing demand for flexible, wellness‑oriented coverage. CEO Abhishek Bhatia says the goal is to “redefine health insurance” by prioritizing proactive care over reactive treatment.

👁️ NPC Orders Cease-and-Desist on World App’s Orb Scanning in PH

The National Privacy Commission (NPC) has issued a cease‑and‑desist order against World App’s Orb operations in the Philippines, citing violations of the Data Privacy Act. The Orb device, used to scan users’ irises for identity verification under the Worldcoin protocol, was found to lack proper consent mechanisms and transparency.

The NPC’s investigation revealed that biometric data was being collected without clear safeguards or user control. Worldcoin has been ordered to halt all Orb‑based activities and submit a compliance report within 15 days.

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Thanks for reading! See you next Friday for the next edition. 😊