According to a survey by the Digital Bank Association of the Philippines, more Filipinos are becoming financially savvy when using digital banks, showing growing confidence in saving and making early financial decisions.
The index that measures four areas: financial proficiency, behavior, security, and freedom, found that the Philippines’ financial health index rose to 62 this year from 56 in 2024, which means it moved to the “good” range from “low.”
The share of users classified in the “bad” and “very low” category also fell to 17 percent from 33 percent.
Meanwhile, those in the “good” to “great” categories rose significantly to 63 percent from 26 percent.
More Filipinos now report having emergency funds, with 73 percent saying they have money set aside. However, it was noted that most respondents said their savings would last only up to one month.
It also noted that even respondents with higher financial health scores reported anxiety about their financial future.
DiBA PH noted rising confidence and optimism across income groups, but warned that Filipinos’ readiness for major financial commitments remained limited.
“What matters now is how we sustain this momentum – by turning insights into product design, regulation, and shared accountability,” said DiBA PH and Maya Bank president Angelo Madrid. “Financial health must become a long-term commitment for both industry and policymakers.”
As people become more financially savvy, the market and government must also keep up to ensure that everyone benefits, while being protected at the same time. Better products, accessibility, and security should help fuel more sustainable growth for all.*
