Finance Secretary Ralph G. Recto has successfully facilitated the entry of Revolut, the United Kingdom’s leading financial technology firm, into the Philippine market with the establishment of its second Global Tech Hub in Asia. This significant investment is a direct result of the Philippine government’s sustained engagement with international investors, positioning the country as a burgeoning hub for global tech and financial innovation.
The decision by Revolut to set up its new tech hub in Manila follows a series of high-level investor dialogues led by Secretary Recto in London (October 2024), Davos (January 2025), and Manila (2025).
“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,” said Secretary Recto. “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.”
The Manila tech hub will be Revolut’s second in Asia, following the launch of its first in India in 2021. Revolut, the most downloaded financial application in Europe in 2024, currently operates in major Asia-Pacific markets including Japan, Australia, Singapore, and New Zealand. The new Manila Hub will serve as an anchor for its expansion across Southeast Asia.
This successful investment aligns with President Ferdinand R. Marcos, Jr.’s directive to streamline processes for investors through structural reforms designed to enhance the Philippines’ global business competitiveness. Revolut’s decision reflects strong confidence in the country’s economic momentum and deep talent pool, and the hub is expected to drive digital upskilling and support the government’s push for a future-ready digital economy.
During the 2024 Philippine Economic Briefing (PEB) in London, Secretary Recto highlighted the country’s compelling investment fundamentals, including a stable macroeconomic environment, a resilient fiscal framework, a robust middle class, and an accelerating digital shift. He also championed the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, which offers competitive fiscal incentives and simplified compliance.
Earlier this year, at the World Economic Forum (WEF) in Davos, Switzerland, Secretary Recto engaged with Revolut Chairman Martin Gilbert, who acknowledged the Philippines’ unique potential as a regional FinTech and innovation hub. This was followed by a courtesy call from Revolut Southeast Asia CEO Raymond Ng in Manila, who expressed a strong commitment to fast-tracking the company’s Philippine operations.
“The Philippines is a very interesting market because we can see that it’s a very young population with a lot of talent, very mobile savvy, very into learning about all things money,” said Revolut Southeast Asia CEO Raymond Ng. “And Revolut is all about bringing value to the consumer so that they learn about financial services.”
With over 60 million users worldwide and an ambitious goal of reaching 100 million, Revolut is accelerating its efforts to deliver innovative, user-centric financial solutions globally, with the Philippines now playing a pivotal role in that vision.
Revolut is a global financial technology company that helps customers improve their financial health, giving them more control over their money. Since 2015, Revolut has been building a global financial superapp, which allows customers to manage all aspects of their money from one app.
