Top 10 Fintech Companies in the Philippines (Payments Sector)

Here are the Top 10 leading financial technology (FinTech) companies in the Philippines, covering payments, digital banking, lending, and blockchain (in combined order of influence and market reach):

1. GCash

  • realm: Mobile payments/e-wallets
  • parent companies: Globe Telecom (in cooperation with Ant Group)
  • bright spot: The largest e-wallet in the Philippines, supporting money transfers, bill payments, cross-border remittances and investment services.

2. Maya (formerly PayMaya)

  • realm: Digital banking + e-wallets
  • parent companies: Voyager Innovations (part of PLDT)
  • bright spot: Provides virtual bank accounts, cryptocurrency trading and merchant payment solutions.

3. Coins.ph

  • realm: Cryptocurrency + Mobile Payments
  • contexts: Acquired by Gojek Indonesia and later operated independently.
  • bright spot : Allows users to buy and sell bitcoins and complete daily payments.

4. Tonik Bank

4. Tonik Bank

  • realm: Purely digital bank (Neobank)
  • contexts: The first purely digital bank in the Philippines to be licensed by the central bank, under Tonik Financial, Singapore.
  • bright spot: Offers high-interest deposit accounts, unsecured personal loans and group savings features ("Stash").

5. UnionBank Digital (UBX)

  • realm: Open Banking + Blockchain
  • parent companies: Union Bank of the Philippines (UnionBank)
  • bright spot: Promote enterprise-level blockchain solutions to support MSME financing platforms.

6. First Circle (FinTech PH)

  •  realm:: B2B supply chain finance/invoice finance  
  •  bright spot:: Provide fast receivables-based loans to SMEs, working with platforms such as Grab.

7. Tala (formerly Salmon)  

7. Tala

  • realm: Inclusive finance/microfinance
  • contexts: U.S. company with the Philippines as one of the major markets.
  • bright spot: Provides instant credit scores and loans (without a traditional bank account) through a mobile app, serving over a million users.

8. Salmon (formerly Seabank Philippines)

  • realm: Digital Banking + Consumer Finance
  • contexts: Investment by Russian tech group Rocket Internet, reorganised as Salmon in 2023.
  • bright spot: Focuses on instalment and credit services for people without credit cards, and works deeply with offline retailers.

9. PDAX (Philippine Digital Asset Exchange)

  •  realm:: Cryptocurrency exchanges  
  •  supervisory:: Authorised to operate by the Bangko Sentral ng Pilipinas (BSP).  
  •  bright spot: Local Fiat (PHP) direct trading of mainstream tokens such as Bitcoin and Ether, leading compliance.

10. NextPay (SME Finance Platform)