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Fintech News Philippines: Digital Banks, Cashless Payments, E-Wallets | YugaTech
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YugaTech | Philippines Tech News & Reviews
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The fintech landscape in the Philippines is rapidly evolving, driven by digital banking expansion, the arrival of global payment services, and a strong push towards a cash-lite economy. Key developments include Visa's nationwide rollout in retail, the growth of neobanks like GoTyme, and the anticipated launch of Apple Pay in 2026, following Google Pay's debut. The Bangko Sentral ng Pilipinas reports that digital payments now make up 57.4% of retail transactions, exceeding government targets. Here are the key trends and updates shaping Philippine fintech.

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Frequently Asked Questions

When is Apple Pay expected to launch in the Philippines?

Apple Pay is expected to arrive in the Philippines in 2026, according to industry hopes shared by the FinTech Alliance Philippines. It has already received approval from the Bangko Sentral ng Pilipinas (BSP) to operate as a technology service provider.

Which digital banks are licensed by the BSP in the Philippines?

In 2021, the Bangko Sentral ng Pilipinas granted digital banking licenses to six entities: UNO Digital Bank, Overseas Filipino Bank (OFBank), Tonik Bank, UnionDigital Bank, GoTyme Bank, and Maya Bank. The application window is closed until 2023.

What is Visa's expansion plan for 7-Eleven stores in the Philippines?

Visa Philippines aims to make Visa card payments available in around 1,000 7-Eleven branches nationwide by the end of 2025, following a successful pilot. The company further targets nearly 3,000 stores by the first quarter of 2026.