The Bangko Sentral ng Pilipinas (BSP) and credit reference agency TransUnion have signed a memorandum of agreement (MOA) to develop the first e-learning module designed to improve credit health education for Filipino consumers.

The agreement, signed on 18 November at the BSP’s 2025 Financial Education Stakeholders’ Congress, will facilitate the creation of a national-level credit education course via the BSP E-Learning Academy (BELA).

Scheduled for release early next year, the course will utilise slides, scenario-based exercises, and video materials to educate users on financial management. The module will be accessible to the public via the BELA website and the BSP Mobile App.

Peter Faulhaber, President and CEO of TransUnion Philippines, stated that the initiative aligns with the nation’s financial inclusion goals.

“TransUnion believes that access to credit begins with access to credit knowledge,” Faulhaber said. “By introducing this interactive e-learning module on the BELA platform, we are empowering Filipinos with insights needed to build and maintain a healthy credit profile — unlocking better financial opportunities and establishing a strong foundation for a more financially resilient population”.

The initiative addresses a growing demand for financial literacy. Data from TransUnion’s 2025 Credit Perception Index indicates that 68% of Filipinos are seeking more educational materials to improve their finances.

To broaden the programme’s reach, the BSP noted that complementary e-learning materials will also be distributed through social media platforms, which remain a preferred channel for many Filipinos.

Featured image by pressfoto via Freepik.