Lucio Tan’s century-old PNB goes digital with Japanese fintech for OFWs

July 16, 2025
12:35PM PHT

Taipan Lucio Tan’s Philippine National Bank (PNB) has partnered with Japan-based Digital Wallet Corp., the company behind the leading Smiles mobile remittance platform, to boost its remittance services for Filipinos in Japan.

The partnership was signed on July 3, 2025, and is part of PNB’s digital transformation strategy under its new president and CEO Edwin Bautista. 

Bautista, who joined the 107-year-old PNB in April after leading UnionBank under the Aboitiz Group, said the tie-up strengthens PNB’s global remittance network and commitment to serving overseas Filipino workers. 

“With this collaboration, our kababayans in Japan will have greater access to faster, more affordable, and more convenient ways to send money home,” he said. 

From left: PNB International Banking and Remittance Group head – first senior vice president Muffet Flores; PNB chair Edgar Cua; PNB president and CEO Edwin Bautista; DWC founder and CEO Eiji Miyakawa; DWC director and EVP Alex Rapi Milan; DWC general manager Macrine Comendador./Photo from PNB 

The partnership brings together PNB’s trusted banking infrastructure with Digital Wallet’s mobile-first technology. 

DWC founder and CEO Eiji Miyakawa said the goal is to offer a remittance platform that is more accessible, economical, and reliable than existing options. 

“Philippine National Bank is an outstanding institution that has, for many years, been a cornerstone of the Philippine economy and a steadfast supporter of its people,” he said. 

“By combining Digital Wallet’s advanced technology and our user-friendly service design and operations, we are poised to deliver a financial infrastructure that is more accessible, economical, and reliable than any other service available to Filipinos worldwide,” he added. 

—Edited by Miguel R. Camus 

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