Revolut, the UK-based financial technology firm, opened its second Global Tech Hub in Asia in the Philippines, an investment largely attributed to ongoing discussions led by Finance Secretary Ralph Recto.
The new tech hub is a direct result of Recto’s investor engagements in London in October 2024, Davos in January 2025, and Manila, which have positioned the Philippines as a growing hub for global technology and financial innovation.
“I thank Revolut for being a wonderful partner in this endeavor,” Recto said. “The tech hub in Manila is not just an investment; it’s a commitment to the Filipino people.”
He said the hub “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 is Revolut’s second in Asia, following its first in India, launched in 2021. Revolut operates in major Asia-Pacific markets including Japan, Australia, Singapore, and New Zealand, and was the most downloaded financial application in Europe in 2024. The Manila hub is expected to anchor its expansion in Southeast Asia.
The investment aligns with President Ferdinand R. Marcos Jr.’s directive to attract investors through structural reforms aimed at making the Philippines a globally competitive business destination.
Revolut said its decision to establish a presence in Manila reflects strong confidence in the country’s economic momentum and deep talent pool. The hub is anticipated to boost digital upskilling and support the government’s push for a future-ready digital economy.
The announcement follows the 2024 Philippine Economic Briefing (PEB) in London, where Recto highlighted the country’s investment fundamentals, including a stable macroeconomic environment, resilient fiscal framework, a robust middle class and an accelerating digital shift.
Recto also promoted the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, which offers competitive fiscal incentives and aims to simplify compliance and reduce business friction.
Earlier this year, at the World Economic Forum (WEF) in Davos, Switzerland, Recto met with Revolut chairman Martin Gilbert, who acknowledged the Philippines’ potential as a regional FinTech and innovation hub. This was followed by a courtesy call in Manila from Revolut Southeast Asia CEO Raymond Ng, who expressed 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 Ng.
“And Revolut is all about bringing value to the consumer so that they learn about the financial services,” Ng said.
With over 60 million users worldwide and a goal of reaching 100 million, Revolut is increasing efforts to deliver innovative, user-centric financial solutions globally, with the Philippines now playing a key role in that vision.
