OwnBank Partners with Mastercard, Introduces New Era of Seamless and Secure Banking Transactions for Filipinos
OwnBank, the newest mobile banking app in the country, teams up with Mastercard to serve customers with enhanced banking convenience, more rewarding card offers, and secure digital transactions. This strategic partnership aims to foster financial inclusion and is poised to introduce new and sophisticated solutions that empower individuals and businesses across the country. Despite cash being the primary payment method for Filipinos, authorities are urging an increased adoption of banking and debit cards, especially among the unbanked, to enhance financial inclusion. The country has witnessed a surge in digital-only banks and a preference for electronic payments, driving growth in card payments. According to a GlobalData study, the country’s cards and payments market was valued at over $45 billion last year, with an expected CAGR surpassing 7 percent from 2023 to 2027. OwnBank and Mastercard join forces to create a seamless banking experience for Filipinos. Combining OwnBank's commitm
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