The Digital Bank Association of the Philippines (DiBA PH) and FintechAlliance.ph, in consultation with the Bangko Sentral ng Pilipinas (BSP), unveiled three major industry initiatives to scale gains across the industry.
The move comes as the country is reinforcing its commitment to measurable financial health and inclusive digital transformation, bringing together digital banks and fintechs, such as e-wallets, for innovation, behavioural design, and policy coordination.
The initiatives, which were announced at the Singapore Fintech Festival 2025, seek to advance financial health and digital inclusion in the Philippines, aligning with the BSP’s Financial Inclusion Strategy and the Philippine Development Plan.
Further, the announcement comes following the release of the findings from the 2nd DiBA PH Financial Health Survey.
The three collaborative initiatives unveiled are:
- Adoption of the 2028 Digital Finance Industry Roadmap charting how digital banks and fintechs, in coordination with the BS, will jointly achieve the “80x80 by 2028” vision: 80% of Filipino adults with active accounts and 80% of payments made digitally. The roadmap outlines key pillars, including open finance, interoperable credit data, cybersecurity, digital trust, and responsible innovation, and calls on the BSP and government partners to drive the enabling policy, regulatory, and infrastructure reforms.
- Launch of the Industry Financial Health Program, embedding financial-health metrics and behavior-based tools like nudges into digital products to help users build resilience and confidence over time.
- ASEAN Financial Health Survey Collaboration, extending the survey framework to regional fintech associations, with BSP support, to establish a common ASEAN view on financial health.
These initiatives, according to a press release, are anchored on innovation, measurement, and regional collaboration, signaling a new phase of cooperation between regulators, digital banks, and fintechs, as they seek to advance inclusive, sustainable digital transformation in the Philippines and across ASEAN.
