LISTED IP E-Game Ventures, Inc. announced on Wednesday that it is applying for a digital banking license with the Bangko Sentral ng Pilipinas (BSP).
IP E-Game authorized the Mario A. Oreta and Partners law firm to apply for its digital banking license with the BSP and other pertinent agencies, the company said in a disclosure to the stock exchange.
The company announced in January its plan to engage in the financial technology (fintech) business.
IP E-Game, which was formed to engage in the business of gaming, entertainment, and content distribution, among others, is also changing its corporate name to Oasis Financial Group, Inc.
The listed firm also used to engage in the business of hotel, tourism, leisure, food and beverage.
The company likewise plans to engage in venture capital investment, financing, P2P, remittances, and foreign exchange, among others.
“The change in corporate name and purpose is in relation to the corporation’s plans to transform the company into a company engaged in financial technology,” it said on Jan. 26.
Also on Wednesday, the company announced the resignation of Jaime C. Gonzalez, chairman and member of its board of directors.
“Due to the current pandemic situation, Mr. Jaime C. Gonzalez would like to lessen his increased load of multiple corporate responsibilities,” the company said in a separate disclosure.
Juan Kevin G. Belmonte was elected as the new chairman.
Mr. Belmonte is the president and chief executive officer of Philstar Global Corp., the owner and operator of Philstar.com.
He previously served as director of IP E-Game. — Arjay L. Balinbin