Manila, July 30 -- United Kingdom's financial technology firm giant Revolut will enter the Philippine market through the establishment of its second Global Tech Hub in Asia, the Department of Finance (DOF) said.

In a statement Wednesday, the DOF said the investment is the outcome of sustained investor engagements led by Finance Secretary Ralph Recto in London (October 2024), Davos (January 2025), and Manila (2025), positioning the Philippines as a rising hotspot for global tech and financial innovation.

The investment deal aligns with President Ferdinand R. Marcos Jr.'s directive to roll out the red carpet for investors through a suite of structural reforms designed to make the Philippines a globally competitive business destination.

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