At the Manila Tech Summit 2025, FinTech Alliance.PH Founding Chairman Lito Villanueva announced a new “80×80” vision for the country’s digital finance sector.

The goal is to have 80% of Filipino adults using digital transactional accounts and 80% of retail transactions conducted digitally by the year 2028.

Villanueva, who is also an executive vice president at RCBC, introduced the FinTech Alliance 4T Framework as a guide for the industry.

The framework consists of four pillars: ‘Tech for Good’, ‘Tech for Growth’, ‘Tech for All’, and ‘Tech for Trust’.

The ‘Tech for Good’ pillar focuses on consumer protection, with Villanueva stating the organisation upholds a “zero-tolerance policy against the misuse of digital payment platforms for illegal businesses, especially online gambling”.

‘Tech for All’ directly supports the “80×80” vision, which Villanueva described as “more than a target. It’s a movement”.

To build on the Philippines’ recent exit from the FATF and EU anti-money laundering watchlists, the ‘Tech for Trust’ pillar aims to guarantee integrity.

“Without trust, there is no adoption, no innovation, no progress,” Villanueva said. “Exiting the FATF gray list and EU’s high-risk list this year was not just compliance, it was global validation”.

In line with this, FinTech Alliance.PH also announced the launch of an industry-led fraud bureau in collaboration with the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission to combat rising cybercrime.

Catch up on our interview with Lito Villanueva, Chief Innovation and Inclusion Officer at ⁨RCBC⁩ and Chairman of Fintech Alliance.PH as he explains why the Philippines is the next fintech hotspot.

Featured image by Rizal Commercial Banking Corporation.