Ownbank and Mastercard launch the newest debit card in the market that simplifies financial management and transactions
OwnBank, the newest mobile
banking app in the country, teams up with Mastercard to serve customers with
enhanced banking convenience, more rewarding card offers, and secure digital
transactions. This strategic partnership aims to foster financial inclusion and
is poised to introduce new and sophisticated solutions that empower individuals
and businesses across the country.
Despite cash being the primary payment method for Filipinos, authorities are urging an increased adoption of banking and debit cards, especially among the unbanked, to enhance financial inclusion. The country has witnessed a surge in digital-only banks and a preference for electronic payments, driving growth in card payments. According to a GlobalData study, the country’s cards and payments market was valued at over $45 billion last year, with an expected CAGR surpassing 7 percent from 2023 to 2027.[1]













