#philippine banks

The move positions Metrobank among local banks offering more affordable digital transfer options, as competition continues to intensify in the Philippine digital banking space. Several banks and e-wallet providers in the Philippines currently offer free InstaPay and PESONet transfers either unli­mited or within set quotas, making digital payments and fund transfers more affordable across different user segments. Ten Philippine banks made it to Forbes' recently released list of the World's Best Banks in 2023. Topping the list was the Malaysia-based CIMB Bank; second was the Philippine National Bank (PNB); and third was the Bank of the Philippine Islands (BPI). Rounding out the top five were Union Bank (Philippines) at the four spot and Banco de Oro (BDO) at number five. You can see the full list below: According to Forbes, "trust" was the most important factor with regard to the success of banks globally. Their World's Best Banks 2023 list, according to Forbes, is based on a worldwide survey of 48,000 banking customers in 32 countries. It added that the 415 banks that earned a spot on the ranking were evaluated in categories such as digital services, customer services, financial advice, and, trust. Read more in our articles including "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1" and "Here’s where you can get free InstaPay and PESONet transfers in the Philippines 2025".