Zed bags central bank license to operate in the Philippines

Zed, a credit-led neobank, announced today it has obtained its Certificate of Authority as a standalone credit card issuer from the Bangko Sentral ng Pilipinas (BSP).

Following a completed BSP-sanctioned pilot over the last 6 months, the Zed Card is now rolling out to the public on an invite-only basis, starting with its waitlist.

Since launching the waitlist in March, Zed has received nearly 40,000 sign-ups for its no-interest, no-fee Mastercard Titanium Credit Card.

Participants on the waitlist will receive invitations to apply for a Zed card in the coming months.

Zed’s credit card offers no annual fees, foreign transaction fees, or other charges. It also has up to 31 interest-free days on purchases, eliminating revolving balances and interest charges.

Zed has secured $6m in Seed funding from Valar Ventures, led by Paypal Founder Peter Thiel, alongside backers from Nubank, Mercury, Cred, and Square.

Follow the link for more news on

Bangko Sentral ng Pilipinas

Also Read

Vietnam digital bank Cake debuts cloud connect CMS with Visa

PayPay and Alipay+ expands partnership to extend e-wallet payment options across Japan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit