Digital Local Currency Program · Philippine Peso
Enable Philippine banks to capture, retain, and monetize cross-border currency flows—without requiring physical expansion.
The Framework
The DLC Program is a bank-participation model. Philippine banks and licensed fintech institutions join as institutional members and operate as the regulated execution layer, aligned with BSP frameworks governing cross-border payments, FX transactions, and digital banking operations.
This is not a new payment app.
This is a new revenue layer on top of existing banking infrastructure.
Liquidity Anchor Institution
Act as settlement anchor for cross-border PHP and foreign currency corridors.
PHP Access Provider
Provide regulated PHP access to foreign banks and international users.
Foreign Currency Channel
Offer Filipino clients access to foreign currencies within their existing banking app.
FX Revenue Capture
Monetize FX spreads, float, and settlement fees from recurring international flows.
Programs
Three interlocking programs that allow institutions and individuals to buy, hold, and spend currencies across borders—entirely within regulated banking infrastructure.
Pillar 01
Cross-Border Delivery of Philippine Peso and Foreign Currencies
Serves as a specialized corridor for the instant delivery of currency to existing beneficiaries. Designed for individuals and entities who wish to purchase PHP or foreign local currencies for recipients who already maintain a bank account or digital wallet within their respective domestic financial systems.
The buyer does not hold the currency themselves. The purchased currency is delivered directly into the beneficiary’s existing account, ensuring the transaction remains entirely within BSP-regulated banking ecosystem.
Use Case
A father based in Korea supports his daughter studying in the Philippines via his domestic banking app.
① Initiation
The Korean bank processes the BUY request.
② Execution
The Philippine settlement bank executes the transaction using local payment rails.
③ Credit
Funds arrive instantly in the daughter's existing Philippine bank account.
Pillar 02
Digital Custody of Philippine Peso and Foreign Currencies
A sophisticated evolution in digital banking, allowing for the direct holding of local and foreign currencies within the regulated banking ecosystem.
Specifically designed for individuals and institutions who wish to hold and manage currency in their own name, regardless of physical location. It empowers local banks to offer Filipino clients the ability to KEEP foreign currencies directly within their existing Philippine banking app.
Digital Wallets
PHP and foreign balances visible in real-time within existing apps.
Sovereign-Backed
Every held balance is anchored to the domestic banking system.
No New Infrastructure
Delivered inside the same banking window clients already use daily.
Pillar 03
Global Utility and Merchant Settlement
Completes the DLC ecosystem. Bridges digital currency holdings to the real-world economy—allowing users to transact in PHP or foreign currencies whether they are physically present or remote.
When a local customer purchases from an international merchant in PHP, the local Philippine bank provides the Internet Payment Gateway (IPG). Settlement flows back into the foreign bank's local PHP account, keeping liquidity anchored domestically.
Program Highlights
B2B and B2C Integration
Airline-scale merchant settlement alongside individual retail spending.
IPG Empowerment
Local banks provide the compliant digital gateway for foreign merchants.
Reciprocal Spending
Foreigners spend PHP locally. Filipinos spend foreign currency abroad. No costly conversions.
For Philippine Banks
01
Retain Filipino Customers Globally
Filipinos abroad continue to bank with their Philippine institution—preventing migration to foreign fintech wallets.
02
Capture Cross-Border FX Revenue
Monetize every inbound and outbound currency conversion, corridor volume, and FX spread at scale.
03
Acquire New Foreign Liquidity
Foreign banks hold prefunded PHP accounts within the Philippine system—creating a low-cost, recurring deposit base.
04
Expand Without Physical Presence
Offer global services with no foreign branch, no additional licensing, no new infrastructure.
Onboarding
Open to Philippine banks and licensed fintech institutions. Members operate as regulated anchor institutions within the DLC framework.
Act as a Liquidity Anchor Bank
Maintain Settlement Infrastructure for PHP Corridors
Integrate via API into the DLC Orchestration Layer
Support Merchant Acquiring and Payment Gateway Services
Collaborate on Regulatory Alignment with BSP
Expected Impact
For a participating institution, the program creates multiple compounding revenue streams on top of existing infrastructure—with no foreign branch required.
FX Revenue
Recurring income from corridor-based flows and programmatic FX spreads at scale.
Deposit Base Growth
Increase in foreign-held PHP balances—a low-cost, recurring funding source.
Transaction Fee Income
Revenue from merchant settlement, payment gateway services, and B2C transactions.
Customer Retention
Reduced outflow of Filipino clients to offshore fintech wallets and foreign banks.
Governance
Philippine banks retain full customer ownership, balance sheet control, and compliance authority. DLC operates as program orchestrator—not a deposit-taking entity. All programs run in coordination with BSP.
The DLC Program enables Philippine banks to control cross-border currency access to PHP,
capture FX flows currently lost to offshore systems, and transform remittance corridors into scalable financial infrastructure.
Governance
Chairman
Leads the strategic direction of the DLC program for the Philippine Peso. Key architect of the "Buy, Keep, and Spend" framework, focusing on enhancing national currency utility, maintaining domestic liquidity, and fostering collaboration between regulators and global payment networks.
CEO & Board Member
Responsible for the overall execution and strategic growth. Leads the development of the program's two-way service model, focusing on fostering domestic currency loyalty and strengthening the role of the Philippine Peso within international economic activity.
CTO & Board Member
Responsible for the technological vision and architectural integrity. Oversees the development of compliant digital channels connecting international institutions with the Philippine Peso ecosystem, allowing for seamless integration and strict regulatory alignment.