Global payments giants Mastercard and Visa have joined FinTech Alliance PH, expanding the country’s largest industry association for digital financial services amid efforts to combat fraud.
They are among 22 new members inducted at the organization’s general membership meeting on March 11.
Bringing total membership to more than 150 corporate entities. The group now represents over 95% of retail digital financial transaction volume in the Philippines, servicing more than 110 million accounts.
With the additions, FinTech Alliance PH now counts more than 150 corporate members, representing over 95% of retail digital financial transaction volume in the Philippines and servicing more than 110 million accounts.
The expansion coincides with the launch of the Fraud Intelligence Data Sharing Network, an industry‑led platform designed to automate intelligence exchange between banks and fintechs to combat rising cyber‑enabled crimes.
“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,” said Lito Villanueva, founding chairman of FinTech Alliance PH and EVP of Rizal Commercial Banking Corp..
