By THEPHILBIZNEWS STAFF
Global payments leaders Mastercard and Visa are among 22 organizations that have joined FinTech Alliance PH, further expanding the country’s largest industry association for digital financial services.
The new members were formally inducted during the Alliance’s 2026 General Membership Meeting held on March 11 at Marquis Events Place in Bonifacio Global City.
The oath-taking ceremony was administered by Renato “Aboy” Paraiso, Undersecretary of the Department of Information and Communications Technology and Executive Director of the Cybercrime Investigation and Coordinating Center.
Among the organizations joining the Alliance are the Asian Institute of Management, Amdocs, Clari5, Cloud Raptor Philippines, Inc., Equinix Philippines, Inc., Grab Financial Group, HCLTech, Qoala, Mastercard Philippines, and Monee (Credit) Finance Philippines, Inc., operator of SPayLater and SLoans.
Other new members include MoneeInsure Philippines General Insurance Co., Inc., Novus Transact Philippines Corporation, OneConnect Financial Technology of Ping An Group, Paloo Financing, Inc., Rainbow Fintech Corporation, Scoring Technology, Inc., Security Bank Corporation, ShopeePay Philippines, Inc., Talino Venture Studios, Veefin Solutions Ltd., Visa Worldwide Pte. Ltd., and Yinshan Lending Inc..
With the addition of these organizations, the Alliance continues to strengthen collaboration across banks, fintech firms, technology providers, digital platforms, and academic institutions working to accelerate digital finance and financial inclusion in the Philippines.
The 2026 General Membership Meeting gathered leaders from banking, fintech, government, and the broader digital economy to discuss key developments shaping the country’s digital financial ecosystem.
Among the initiatives highlighted during the gathering was the launch of the Fraud Intelligence Data Sharing (FIDS) Network, an industry-led platform aimed at strengthening intelligence sharing to combat financial fraud and cyber-enabled crimes. The Alliance also announced expanded engagement with the ASEAN Business Advisory Council to support regional fintech collaboration.
Lito Villanueva, founding chairman of FinTech Alliance PH and executive vice president and chief innovation and inclusion officer of Rizal Commercial Banking Corporation, said the continued expansion of the Alliance reflects growing industry commitment to building a more inclusive digital financial ecosystem.
“The Philippines is at a critical stage in scaling digital finance. Collaboration among banks, fintech companies, regulators, and technology providers will be key to making digital payments more accessible, secure, and widely adopted,” Villanueva said.
The gathering drew more than 600 executives, policymakers, and industry leaders, underscoring the continued momentum of financial technology development in the country.
FinTech Alliance PH now represents more than 150 corporate members responsible for over 95 percent of retail digital financial transaction volume in the Philippines, servicing more than 110 million accounts nationwide.