TransUnion has released its 2026 Credit Perception Index (CPI), revealing that credit perceptions have either held steady or improved across the Philippines' three major island groups. This marks a significant step toward financial inclusion amid a cautious economic climate.
Credit Scores on the Rise
It’s encouraging to see credit perception improved across the country this year. Every island group held or improved its score, which tells us that consumer confidence and knowledge in credit is building broadly — not only in and around the capital.
Peter Faulhaber, President and CEO of TransUnion Philippines
- Overall CPI score increased to 75 out of 100, up by 2 points from 2025.
- Mindanao saw the largest gain, rising to 77 (+3 points); Luzon reached 74 (+1 point); Visayas remained stable at 75.
The CPI, which began in 2023, evaluates Filipinos' understanding and trust in credit. The 2026 study surveyed 1,000 consumers from May 6-26, 2026.
In Mindanao, improvements were driven by increased knowledge and trust in credit products. Luzon and Visayas also showed positive trends, with various factors contributing to stable or rising scores.
Financial Strategies Amid Economic Challenges
As economic uncertainty looms due to rising prices, Filipinos across all major islands are adopting proactive financial strategies. Saving more is the top priority for 86-87% of respondents.
- 86% in Luzon plan to save more.
- 71% in Luzon intend to access educational materials for financial improvement.
Interestingly, Mindanao leads in credit intention, with 54% of residents planning to borrow or use credit, significantly higher than Luzon's 40%.
Diverse FinTech Adoption Across Regions
The survey indicates a high adoption rate of FinTech services, particularly in the Visayas, where 96% reported using such products. This suggests a growing trend towards digital financial solutions.
- eWallets and online payment apps are the most popular.
- Social media is the leading channel for financial education across all regions.
TransUnion emphasizes that understanding local behaviors is crucial for advancing financial inclusion, moving beyond a one-size-fits-all approach.
Conclusion
The findings from TransUnion’s Credit Perception Index highlight a significant shift in how Filipinos engage with credit. This indicates a growing confidence that may enhance financial inclusion efforts across the nation.