The United Kingdom’s financial technology giant, Revolut, is set to enter the Philippine market by establishing its second Global Tech Hub in Asia, as announced by the Department of Finance (DOF) on Wednesday.
In a statement, the DOF highlighted that this investment is the result of ongoing investor engagements led by Finance Secretary Ralph Recto in London (October 2024), Davos (January 2025), and Manila (2025), positioning the Philippines as an emerging hotspot for global technology and financial innovation.
This investment aligns with President Ferdinand R. Marcos Jr.’s directive to create a welcoming environment for investors through a series of structural reforms aimed at making the Philippines a competitive business destination on a global scale. “I thank Revolut for being a wonderful partner in this endeavor. The tech hub in Manila is not just an investment; it’s a commitment to the Filipino people,” Recto stated. He added, “It will generate high-quality jobs, expand our digital capabilities, and empower Filipinos with cutting-edge financial tools. This is a clear product of our global roadshows turning investment pledges into reality.”
Revolut’s upcoming tech hub in Manila will be its second in Asia, following the launch of its first hub in India in 2021. The company operates in major Asia-Pacific markets, including Japan, Australia, Singapore, and New Zealand.
According to the DOF, Revolut’s decision to establish a presence in Manila reflects strong confidence in the country’s economic momentum and its deep talent pool. The hub is expected to drive digital upskilling and support the government’s initiative to build a future-ready digital economy.
Revolut Southeast Asia Chief Executive Officer Raymond Ng visited Manila earlier this year and expressed a strong commitment to expedite the company’s operations in the Philippines. “The Philippines is a very interesting market because we can see that it has a very young population with a lot of talent, very mobile-savvy, and eager to learn about all things money. And Revolut is all about bringing value to the consumer so that they learn about financial services,” Ng remarked.