UnionBank tops Visa credit payment volume

UNION Bank of the Philippines (UnionBank) recorded the biggest Visa credit payment volume in the country in 2025, driven by increasing preference for cashless payments.

This also came as its credit cards in-force reached two million earlier this year, supported by digital onboarding and simplified application processes, it said in a statement on Monday.

“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,” UnionBank Head of Cards and Loans Mukul Sukhani said.

The bank said their clients are using their UnionBank credit cards more frequently for groceries, electronics, and online purchases as households prioritize everyday expenses.

Features such as installment options, cashback, deals on e-commerce platforms, dining and lifestyle savings, and travel and accommodation offers are also driving increased usage.

“With the continued shift to digital payments, customers also benefit from more convenient transactions and greater control over how they manage their finances,” UnionBank said.

Visa likewise said that Filipinos’ spending habits are becoming more intentional and digital-first.

“From everyday essentials to important life moments, Visa enables fast, secure, and seamless digital payments,” said Jeffrey V. Navarro, country manager for Visa Philippines. “UnionBank Visa Cardholders benefit from a global network that helps them transact with confidence — whether in-store, online, or abroad.”

UnionBank’s net income surged by 167% to P3.833 billion in the first quarter, backed by the strength of its core businesses. — A.M.C. Sy