Banking & Insurance
PNB taps Japan fintech in remittance boost bid
The Philippine National Bank (PNB) has partnered with Japan-based fintech firm Digital Wallet Corp. (DWC)—the operator of Smiles, Japan’s top mobile remittance platform—to enhance the efficiency and accessibility of global money remittances, particularly for Filipinos in Japan.
EastWest Bank named Mid-Sized Retail Bank of the Year
EastWest Bank has been named Mid-Sized Retail Bank of the Year (Philippines) at the Asian Banking & Finance (ABF) Retail Banking Awards 2025, underscoring its growing prominence in the country’s consumer banking sector.
GoTyme Bank attracts 6.5M users, ₱30B in deposits
GoTyme Bank has reached key performance milestones, now serving 6.5 million users and managing over ₱30 billion in customer deposits, positioning itself among the country’s top digital banking players.
Resilient OFW inflows boost May remittances to $2.66B
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
Thrift banks push for regulatory reforms and digital inclusion
The thrift banking industry recorded a 6 percent growth in total assets in 2024, reaching ₱1.10 trillion, signaling commercial momentum in promoting financial inclusion and economic resilience, according to the Chamber of Thrift Banks (CTB).
