PH emerges as Asean hub for fintech inclusion

Insider Spotlight

  • FinTech Alliance PH opens Philippine Booth at Hong Kong FinTech Week
  • New partnerships forged with InvestHK and HK FinTech Association
  • PH eyes role as Asean chair in 2026, driving inclusive innovation

The Philippines strengthened its standing as a rising digital powerhouse in Asia with the FinTech Alliance PH’s launch of the Philippine Booth at the Hong Kong FinTech Week, showcasing the country’s expanding fintech ecosystem and regional partnerships.

Why it matters

The move underscores the Philippines’ growing role as a hub for inclusive innovation, as fintech leaders push for stronger collaboration across Asia’s financial technology sectors. 

The alliance, representing over 140 firms powering 95 percent of retail digital financial transactions in the country, led a delegation of local fintech players including Maya, RCBC, and Coins.ph.

Lito Villanueva (middle), founding chair of FinTech Alliance PH and executive vice president and chief innovation and inclusion officer of RCBC, together with Consul General Romulo Victor Israel Jr. of the Philippine Consulate General in Hong Kong, and Vice Consul and Commercial Attache Roberto Mabalot Jr. of the Philippine Trade and Investment Center in Hong Kong. | Contributed photo

Building regional bridges

Beyond the exhibit, the delegation—led by Lito Villanueva, FinTech Alliance PH founding chair and RCBC chief innovation and inclusion officer—met with Hong Kong officials and participated in a Financial Inclusion Caravan for overseas Filipinos.

“These partnerships signify more than just business opportunities; they represent shared purpose,” Villanueva said in a press release on Nov. 4, 2025. “Asia’s fintech story is no longer about competition; it’s about connection. We are building bridges for data, trust, and innovation across borders."

 Lito Villanueva 
FinTech Alliance PH founding chair and RCBC chief innovation and inclusion officer

The big picture

The alliance sealed collaborations with InvestHK and the Hong Kong FinTech Association to advance cross-border innovations in payments, digital ID interoperability, AI-driven fraud prevention, and alternative credit scoring.

Driving inclusive growth

With the Philippines projected by S&P Market Intelligence to become a $1-trillion digital economy by 2033, the alliance’s “80 x 80 by 2028” vision aims to digitally and financially include 80 million Filipinos by 2028.

“Financial inclusion is no longer a national goal. It is a global imperative,” Villanueva added. “As we connect Filipinos abroad and empower entrepreneurs at home, we are democratizing prosperity through technology that listens, learns, and lifts.” —Vanessa Hidalgo | Ed: Corrie S. Narisma

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