Tokyo, Japan—The Department of Trade and Industry’s (DTI) continued investment promotion efforts gained further momentum as President Ferdinand R. Marcos Jr. and Trade Secretary Ma. Cristina A. Roque witnessed the signing of three memoranda of understanding (MOUs) between Philippine and Japanese firms on May 27 aimed at advancing smart cities, digital connectivity, and financial technology in the Philippines.
One agreement with Ayala Corp., Globe Telecom, Mitsubishi Corp., and KDDI Corp. will study “Intelligent City” initiatives in Makati City, with possible expansion to other Philippine urban areas. The project will use artificial intelligence (AI), Internet of Things (IoT), urban data integration platforms, and advanced telecommunications solutions to improve transportation, retail and commercial services, energy management, and digital city services.
Ayala Corp., Mynt, and Mitsubishi Corp. also signed an agreement to develop “Smart Life” digital services that could make daily transactions more convenient for Filipinos. The partnership will cover rewards programs, ticketing services, online payment platforms, and digital marketing solutions. The collaboration is expected to generate around ₱7 billion in revenues.
Meanwhile, Ayala Corp., Mitsubishi UFJ Financial Group (MUFG), Mitsubishi Corp., and Mynt signed another agreement to help expand GCash services in the Philippines and abroad. Mitsubishi and MUFG have previously invested $700 million in GCash, underscoring their continued commitment. The partnership will develop better digital payment systems, lending services, investment products, and stronger online security, while integrating GCash into Ayala and Mitsubishi’s business ecosystems across retail, real estate, energy, mobility, and digital services.
Secretary Roque said the partnerships reflect strong investor confidence in the Philippines and highlight the country’s readiness to advance digital innovation, smart infrastructure, and financial technology.
“We welcome these investments to the Philippines because they will bring meaningful benefits to Filipinos—from smarter and more connected communities to safer and more accessible digital financial services. These partnerships will generate more jobs for our workforce and help indirect industries thrive across the country, making everyday transactions faster and more convenient while creating more opportunities for Filipino consumers, businesses, and workers,” she added.
Through its network of international offices, the DTI will continue to attract investments that create jobs, expand digital opportunities, and support a more innovative and inclusive Philippine economy.
