UK’s Fintech Giant Revolut to Open Global Hub In PH

The United Kingdom’s leading financial technology (fintech) firm, Revolut—which currently serves over 60 million users and facilitates more than half a billion transactions every month worldwide—is set to establish its second Global Tech Hub in Asia, right in the Philippines.

Revolut shared that it regards the Philippines as a fintech and innovation hub, and a gateway to the broader ASEAN region. (Image: Revolut)

Revolut was the most downloaded financial application in Europe in 2024, further solidifying and expanding its market reach in the region. Its first Asia-based tech hub, located in India, began operations in 2021 and employs over a thousand workers.

With existing operations in major Asia-Pacific markets—including Japan, Australia, Singapore, and New Zealand—Revolut shared that it regards the Philippines as a fintech and innovation hub, and a gateway to the broader ASEAN region.

As the firm ramps up efforts to deliver innovative, user-centric financial solutions globally, with a goal of reaching 100 million users, Revolut said it sees the Philippines playing a key role in that vision.

The Department of Finance (DOF) said Revolut's decision to establish its second Asia Global Tech Hub in the Philippines is a direct result of sustained investor dialogues.

This investment is the outcome of continued engagements led by Finance Secretary Ralph G. Recto in London (October 2024), Davos (January 2025), and Manila (2025)—positioning the Philippines as a rising hotspot for global tech and financial innovation, the department emphasized.

“I thank Revolut for being a wonderful partner in this endeavor. The tech hub in Manila is not just an investment; it’s a commitment to the Filipino people,” Recto said.

“It 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,” he added.

The Finance chief said the successful investment deal aligns with President Ferdinand R. Marcos, Jr.’s directive to roll out the red carpet for investors through a suite of structural reforms designed to make the Philippines a globally competitive business destination.

According to the DOF, the announcement of Revolut's entry into the country follows the 2024 Philippine Economic Briefing (PEB) in London, where Recto highlighted the country’s “compelling investment fundamentals, including a stable macroeconomic environment, resilient fiscal framework, robust middle class, and an accelerating digital shift.”

Earlier, at the World Economic Forum (WEF) in Davos, Switzerland, Recto met with Revolut Chairman Martin Gilbert, who acknowledged the Philippines’ unique potential as a regional fintech and innovation hub.

This initial engagement was followed by a courtesy call in Manila by Revolut Southeast Asia CEO Raymond Ng, who expressed a strong commitment to fast-tracking the company’s Philippine operations.

The fintech giant affirmed that its decision to establish a hub in Manila reflects its strong confidence in the country’s economic momentum and deep talent pool, noting that the hub is expected to drive digital upskilling and support the Philippine government’s push to build a future-ready digital economy.

Mr. Ng said, “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 and very interested in learning about all things money. And Revolut is all about bringing value to the consumer so that they learn about financial services.”

“This tech hub will work closely with teams across the United Kingdom, Europe, Asia-Pacific, and the Americas. We’re laying the foundation for sustained operations and expansion, supported by the Philippine government’s pro-innovation approach and its commitment to building a future-ready digital economy,” he added.

Mr. Ng emphasized that Revolut focuses mainly on “bringing value to the consumer so that they learn about financial services.”

Recto said, “Revolut’s global tech hub in Manila 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.” 

“This investment sends a clear message to the world that the Philippines offers the strategic blend of world-class talent, digital readiness, and policy support to lead the future of global fintech,” the DOF chief added.

Martin Kent, British Trade Commissioner for Asia Pacific, for his part said, “This brings the UK’s leading fintech expertise to the Philippines, a country that offers highly skilled talent and strong digital capabilities. This investment reflects the strength of the UK-Philippines trade partnership and the region’s growing role in global financial innovation.”