TransUnion, a global information and insights company and the Philippines’ first comprehensive private credit reference agency, projects sustained momentum in the Philippine consumer credit market, driven by a resilient macroeconomic backdrop and robust household consumption.
It said that as inflation eases and retail activity picks up, both lenders and borrowers are poised to benefit from a more enabling environment, particularly for credit unserved and underserved consumers.
According to TransUnion’s Q1 2025 Consumer Pulse Study, 37 percent of surveyed Filipinos planned to increase their retail purchases over the next three months, while 29 percent expected to boost their discretionary spending (e.g., dining out, travel, entertainment).
“Lower inflation is creating a more supportive environment for consumer credit growth. We expect to see stronger repayment capacity among existing borrowers and higher demand among new-to-credit consumers, particularly in the small-ticket and revolving credit segments,” said Peter Faulhaber, president and chief executive of TransUnion Philippines.