TransUnion sees credit growth boost in Phl

Global insights firm TransUnion projects faster credit expansion in the Philippines as steady economic growth and easing inflation create a favorable borrowing environment.

The economy grew 5.5% year-on-year in Q2 2025, driven by strong household spending, agriculture rebound, and inflation easing to 1.4%. With the Bangko Sentral ng Pilipinas cutting policy rates to 5%, borrowing conditions are becoming more supportive.

TransUnion’s 2025 Credit Perception Index shows stable sentiment (73/100), with growing trust in banks, virtual banks, and credit cards. However, concerns over high rates and fraud still temper consumer uptake.

Credit demand surged 49% in the first half of 2025, led by personal loans (+75%) and credit cards (+50%), while delinquency rates remained stable.

“Filipinos are more open to credit but want confidence that borrowing is safe and empowering,” said Peter Faulhaber, TransUnion Philippines President and CEO.

TransUnion will share more insights at its inaugural 2025 Philippines Financial Services Summit in mid-September.