Banking & Insurance

The Philippines is seeing rapid growth in sustainable finance as investments in renewable energy and green infrastructure pick up pace, supported by strong regional demand and increasing interest from global lenders such as ING.

PalawanPay, the e-wallet of the Palawan Group of Companies, is widening access to digital payments with the launch of its Virtual Visa Card, a move aimed squarely at millions of Filipinos without bank accounts or credit cards.

SMAC, the country’s leading loyalty program, and BDO Remit, BDO Unibank’s trusted remittance service, have formed a new partnership to give more value to overseas Filipino workers (OFWs) and their families. The agreement was formalized in November at the BDO Corporate Center in Ortigas, Pasig.

As holiday shopping ramps up, BPI is reminding customers to stay vigilant against scams, which are becoming increasingly sophisticated. Fraudsters are now able to mimic official bank communications convincingly, whether through phone calls, text messages, or social media.

Union Digital Bank (UDB), the digital banking arm of Union Bank of the Philippines, expects to make money finally in 2026 as it recovers from earlier losses and improves its loan quality.