Philippine small and medium-sized enterprises (SMEs) can now get and use a business prepaid card in less than five minutes without visiting a bank branch or maintaining a bank account, as Mastercard, PayMongo, and Paymentology introduce a new virtual payment solution aimed at expanding financial access.
As Filipino travelers become more mindful of spending while abroad, GCash is positioning its Visa card as a practical tool for managing travel expenses through real-time tracking, transparent foreign exchange rates, and broad international acceptance.
Metrobank, Toyota Motor Philippines, and Mastercard have launched the Toyota Platinum Card, a credit card tailored for Filipino motorists that helps offset everyday driving costs through rebates and rewards. It targets one of the biggest financial realities of car ownership — recurring expenses such as fuel and toll fees — which have become a growing burden for drivers.
Zed has launched its Android app, unlocking access to the majority of its nearly 200,000-person waitlist and accelerating its push to redefine the credit card experience for Filipinos.
December remains the busiest spending month for Filipinos, with card payment activity surging as Christmas approaches, according to data from Visa Consulting and Analytics (VCA).
Maya, the country’s leading all-in-one finance platform and No. 1 digital bank, is seeing a structural shift in how Filipinos enter the credit market, with 37 percent of its Maya Black credit cardholders now originating from Maya Black Express, a deposit-backed credit card designed to help users establish or rebuild their credit history.
Spending on toys, electronics, clothing, and department stores is expected to significantly contribute to the increase, alongside higher expenditures on travel, groceries, and restaurants as families and friends gather for celebrations.