- Finance Secretary Frederick D. Go has met with representatives of Revolut to discuss a possible Philippine presence and ways to reduce the cost of cross-border money transfers.
- The meeting took place during the 2026 IMF-World Bank Annual Meetings in Bangkok, Thailand, where both sides discussed opportunities to expand access to digital financial services and potential partnerships with local institutions.
- The discussions focused on reducing friction costs in international transfers, which could help overseas Filipino workers (OFWs) and their families keep more of the money sent home.
Finance Secretary Frederick D. Go has met with representatives of Revolut to discuss a possible Philippine presence and ways to reduce the cost of cross-border money transfers.
The meeting took place during the 2026 IMF-World Bank Annual Meetings in Bangkok, Thailand, where both sides discussed opportunities to expand access to digital financial services and potential partnerships with local institutions.
Cheaper remittances remain a priority
The discussions focused on reducing friction costs in international transfers, which could help overseas Filipino workers (OFWs) and their families keep more of the money sent home.
Go emphasized the need to make legitimate money transfer channels more accessible to OFWs, helping protect their hard-earned income from high costs, informal remittance channels, and predatory intermediaries.
If Revolut establishes a presence in the Philippines, it could introduce another option for consumers managing money across borders. However, the discussions remain exploratory.
No Philippine launch, regulatory license, or timeline has been announced. Any local operations would depend on the company's plans and applicable regulatory requirements.
For now, Filipinos sending money internationally should continue using licensed and appropriately regulated financial service providers, and compare transfer fees and exchange rates before sending.