Digital banks have no bank branches. Digital banking platform providers offer certain protections but a user also has to do her share to fulfill its protection promises. With the new normal, people are now using digital banks instead of withdrawing and paying with cash in brick and mortar establishments. For starters, digital banking is a service offered by various financial service companies. Bantigue said these can be traditional banks, financial technology companies and digital-only banks.

Source: Philippine Star November 02, 2021 19:24 UTC