UNION Bank of the Philippines (UnionBank) on Monday said it had topped Visa credit payment volume in 2025 as it continued to expand its credit card business.
The bank also said that it reached two million credit cards in circulation earlier this year, driven by digital onboarding initiatives and simplified application processes.
"As more Filipinos become mindful on how they manage their budgets, this recognition highlights the growing importance of secure and flexible payment options in daily life," said Mukul Sukhani, head of cards and loans at UnionBank.
"Our focus has always been to support customers with practical benefits — whether for essentials, online purchases, or occasional lifestyle experiences — so they can make the most of how they spend," he added.
Visa Philippines Country Manager Jeffrey Navarro said the recognition reflected the growing use of digital payments among consumers.
"From everyday essentials to important life moments, Visa enables fast, secure, and seamless digital payments," Navarro said.
"UnionBank Visa cardholders benefit from a global network that helps them transact with confidence — whether in-store, online, or abroad," he added.
The bank said credit card usage among its customers was driven by spending on groceries, electronics and online purchases, while installment options and other payment features helped cardholders manage their expenses.
The lender, part of the Aboitiz Group, has expanded its consumer banking business following its acquisition of Citigroup's consumer banking operations in the country.
UnionBank’s share price rose by 55 centavos to close at P25.30 each on Monday. NAZYLEN JOY MABANGLO
