MoneyHero Announces Strategic Partnership with the Bank of the Philippine Islands to Accelerate Growth in the Philippines

March 27, 2025

Singapore, 27 March 2025 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced as trategic partnership with the Bank of the Philippine Islands (BPI),  a trusted leader in Philippine banking dedicated to innovation and nation-building. This collaboration expands MoneyHero’s credit card comparison service, enabling more Filipinos to seamlessly compare and apply for credit card options, supporting informed financial decision-making in the rapidly growing credit card market in the Philippines.

Through this strategic partnership, MoneyHero is strengthening its position as a leading personal finance aggregation and comparison platform in the region. The collaboration with BPI will enable consumers in the Philippines to compare and apply for a wider range of credit card options. Currently, MoneyHero allows consumers to compare more than 20 credit card options offered by leading banks, alongside a variety of other financial products, including insurance and loans available in the Philippines.  

Rohith Murthy, CEO of MoneyHero, said: “Our partnership with BPI underscores our commitment to empowering Filipinos to make smarter financial choices, especially among younger, digitally-savvy consumers. This collaboration enhances our capacity to meet growing demand in the booming credit card market, while also supporting our partners in achieving their customer acquisition goals.”

Revenue Growth and Strategic Expansion

The Philippines has emerged as a strong growth driver for MoneyHero, accounting for 17% of total revenue in the first nine months of 2024. In Q3 2024, Philippines revenue surged 49% year-over-year, reaching US$4.0 million, primarily driven by increased demand for credit cards and personal loans. With the number of active credit cards in the Philippines rising from 9.3 million in Q4 2022 to 11.2million in Q4 2023[1], MoneyHero’s partnership with BPI positions the Company to effectively capture this accelerating demand through enhanced credit card comparison offerings.

About MoneyHero Group

MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over270 commercial partner relationships as at 30 September 2024, and had approximately 7.4 million Monthly Unique Users across its platform for the three months ended 30 September 2024. The Company’s backers include PeterThiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific CenturyGroup. To learn more about MoneyHero and how the innovative fintech company isdriving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

About Bank of the Philippine Islands

The Bank of the Philippine Islands (BPI) is the oldest bank in the Philippines and Southeast Asia, with a legacy of financial excellence spanning over 170 years. As a trusted and innovative financial institution, BPI is committed to empowering Filipinos with accessible, secure, and customer-centric banking solutions. Through a robust portfolio of financial products and services—including personal and business banking, investments, insurance, and digital solutions—BPI continues to drive financial inclusion and economic growth. With a focus on innovation and customer obsession, BPI strives to make banking easier, more convenient, and more responsive to the evolving needs of individuals and businesses.

For more information, visit www.bpi.com.ph.

For MoneyHero inquiries, please contact:

Investor Relations:

MoneyHero IR Team

IR@MoneyHeroGroup.com

Media Relations:

MoneyHero PR Team

Press@MoneyHeroGroup.com

For Bank of the Philippine Islands inquiries, please contact:

Joey Silvestre |09178438138

mjpsilvestre@bpi.com.ph

 

[1] TransUnion. (July 2024). Philippines’ RobustCredit Card Market Poised for Further Growth Driven by Greater FinancialInclusion https://newsroom.transunion.ph/philippines-robust-credit-card-market-poised-for-further-growth-driven-by-greater-financial-inclusion/

 

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