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Philippine banks need to shape up or risk permanent loss of market share to new digital financial service providers, according to global management consulting firm McKinsey & Co.

Philippine islandsPhilippines generalThe philippinesHernan gersonBangko sentralKristine romanoUnion bankMckinsey coUniondigital bankKinsey southeast asiaGuillaume de gantAsia pacificAyala led bankAboitiz led union bankDigital payments transformation roadmap