PNB, Mastercard Firm Up Tokenization Partnership

Philippine National Bank (PSE: PNB) and Mastercard have strengthened their collaboration through a formal engagement supporting the development and implementation of tokenization.

Tokenization enables biometric authentication and generates a unique device account number in place of a physical card number, making transactions faster, more convenient, and protected by multiple security layers. (Image: Mastercard)

Formalized at the Conrad Hotel, the partnership underscores a shared commitment to delivering secure, seamless, and rewarding digital payment solutions for Filipino consumers.

As the banking industry accelerates toward secure digital technologies, banks are investing in solutions that provide both protection and ease of use.

One of the revolutionary innovations reshaping digital payments in 2026 is tokenization — a technology that replaces card numbers with dynamic tokens for each transaction, safeguarding both online and in-store payments.

PNB President and CEO Edwin R. Bautista said the launch of tokenized digital wallet integration reinforces the bank’s mission to deliver more seamless digital banking solutions.

“Filipinos are looking for faster and more secure ways to pay every day, and we want to meet that expectation with innovations that make life easier. Tokenization isn’t just a niche security upgrade — it is the future of payments, giving customers smoother and safer experiences.

This aligns with our commitment to world-class service powered by trusted technology and partners,” Bautista said.

Tokenization enables biometric authentication and generates a unique device account number in place of a physical card number, making transactions faster, more convenient, and protected by multiple security layers.

Jason Crasto, Country Manager for the Philippines at Mastercard, said: “This collaboration with PNB underscores Mastercard’s commitment to strengthening the security and convenience of digital payments in the Philippines. Mastercard is proud to support its vision of leading the future of payments.

Tokenization helps strengthen consumer trust by providing a frictionless and secure experience, which supports the growth of the Philippines’ digital payments ecosystem.”

To complement the secure payments experience and provide added value to cardholders worldwide, Mastercard offers additional lifestyle and travel benefits through its suite of exclusive programs, including Mastercard Travel Rewards, Priceless Specials, Mastercard Travel Pass, and Mastercard Travel and Lifestyle Services, giving cardholders access to global experiences and curated offers.

PNB’s digital wallet launch reinforces its commitment to future-ready digital experiences and secure e-commerce transactions.

With tokenized digital wallet integrations, PNB is building a payments infrastructure aligned with global standards and evolving customer usage trends. For cardholders, the message is simple: everyday transactions are becoming safer, simpler, and more effortless — anytime and anywhere.