The FinTech Alliance.PH has reaffirmed its leadership lineup, reelecting top executives from the country’s largest digital platforms, the group announced Tuesday.
Oscar Enrico Reyes, President and CEO of G-Xchange Inc. (GCash), and Angelo Madrid, President of Maya Bank, will continue serving on its Board of Trustees.
Their continued presence ensures that leaders behind the country’s two “unicorn” startups—firms valued at over $1 billion—remain central to ongoing regulatory and strategic discussions within the fintech sector.
FinTech Alliance.PH, representing more than 150 corporate members and accounting for over 95% of digital retail financial transactions nationwide, emphasized the importance of continuity in leadership.
Reyes, with experience in telecommunications and aviation, has helped transform GCash into a widely used financial platform. Madrid, a lawyer and former Citibank executive, has driven Maya’s rapid expansion into digital banking and credit services.
Lito Villanueva, founding chairman of the alliance and executive vice president of Rizal Commercial Banking Corporation, described the reelection as a sign of unified direction within the industry.
“The reelection of Ren-Ren and Gelo reflects the strength of leadership within the Philippine fintech ecosystem,” Villanueva said.
“Their experience in building platforms that reach millions of Filipinos aligns with our mission to accelerate inclusive digital finance.”
He added that the alliance will continue collaborating with regulators to “ensure that no Filipino is left behind in the digital economy.”
The Bangko Sentral ng Pilipinas has set targets to digitize 50% of total retail payments and bring 70% of Filipino adults into the formal financial system—goals expected to be significantly supported by platforms led by Reyes and Madrid.