Banking & Insurance

Mastercard and FinVolution Group have launched the Luvit Card, a new payment card that allows Filipinos to make purchases and repay in installments. The card is available as both a virtual and physical option and can be used across Mastercard’s global network of merchants.

Pru Life UK has launched a new globally diversified investment fund, underscoring what it calls a major shift in how investors must approach wealth building in today’s uncertain financial environment.

Rizal Commercial Banking Corp., the country’s 6th largest lender by assets, has raised a record P20.5 billion from its Series G ASEAN Sustainability Bonds, underscoring strong investor appetite for Environmental, Social, and Governance-linked debt despite a volatile rate environment.

The National Government’s fiscal position improved in February, with the budget deficit slightly narrowing to P171.2 billion from P171.4 billion a year ago, as a sharp rise in revenues helped offset faster spending growth.

CIMB Bank Philippines has introduced CIMB Prime, a new premium banking segment offering higher interest rates, reduced fees, and priority customer service for qualified clients.