Market
Online-only lender Toss Bank commences operation
Oct. 4, 2021
The country’s third internet-only lender Toss Bank is slated to begin operation Tuesday, heating up the competition in the fast-growing online banking market, according to industry sources Monday. The lender, controlled by Viva Republica, the operator of fintech app Toss, will start its banking services, including offering credit loans, savings and deposits, with a primary focus on expanding mid-range interest rate loans. Earlier in June, when the online bank received a final appro