Mastercard and FinVolution Group Launch Luvit Card to Expand Access to Digital Credit in the Philippines
April 13, 2026MANILA, Philippines, April 8, 2026 – Mastercard and FinVolution Group have launched the Luvit Card, marking the latter’s expansion into card-based lending and bringing flexible, installment-based credit to more Filipinos through a widely accepted payment solution.
Available as both a virtual and physical card, the Luvit Card allows users to make purchases across Mastercard’s global network of merchants and repay in installments. The card is integrated within the Luvit app, enabling a streamlined application and payment experience for users who may not have access to traditional credit products.
The launch comes as more Filipinos adopt digital financial services and explore alternative ways to manage spending. Digital payments continue to grow in the country as part of broader efforts to increase financial inclusion and shift more transactions into formal channels. As payment behaviors evolve, consumers are seeking options that offer greater control over how and when they pay, particularly for everyday transactions and planned purchases.
From online shopping and bill payments to travel bookings and essential expenses, installment-based payment options are becoming part of how consumers manage their cash flow. The Luvit Card supports these needs by offering a card-based experience that can be used across a wide range of merchants, both locally and internationally.
By combining FinVolution’s digital lending expertise with Mastercard’s global acceptance network, the Luvit Card enables users to transact across millions of merchants worldwide. It also supports individuals accessing formal credit for the first time, including younger consumers and those outside traditional banking systems, helping them engage more confidently in digital commerce.
“The Philippines has one of the most dynamic digital economies in Southeast Asia, yet millions of Filipinos still lack access to formal credit,” said Jason Crasto, Country Manager, Philippines, Mastercard. “The Luvit Card addresses this by giving users an access card accepted by millions of merchants globally, backed by a lending experience designed around how they manage money. That combination of access and flexibility makes it meaningful.”
Francisco Roberto Mauricio, CEO of WeFund, a subsidiary of FinVolution Group, said, “Luvit is an access card that provides financial access to underserved yet creditworthy Filipinos. Powered by Finvolution’s proprietary AI, users can be approved in minutes with minimal requirements. Luvit makes Filipino aspirations a reality: a reliable payment tool for their daily lives, from online shopping and bill payments to even larger purchases. This encourages fiscal discipline and confidence, leading to financial empowerment and enhanced quality of life.”
The Luvit Card forms part of ongoing efforts to broaden access to formal financial tools and support participation in the digital economy, particularly for consumers building their financial footprint for the first time. Users can apply for the Luvit Card through the Luvit app, available for download on major app stores.
To learn more about the Luvit Card and how it works, visit www.luvit.ph.
In the Photo from Left to Right: Ms. Qian “Cecily” Zhang (Project Head of Luvit), Mr. Francisco “Coco” Mauricio (President and CEO of Wefund Lending Corporation), Mr. Jason Crasto (Country Manager of Mastercard Philippines), and Mr. Kent Tsang (Mastercard Account Director).
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About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payment choices, making transactions secure, simple, smart, and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses, and governments realize their greatest potential.
About FinVolution Group
FinVolution Group(NYSE: FINV) is a leading fintech company that connects millions of consumers as well as small-sized enterprises with financial institutions.
Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, the Philippines, Pakistan, and Australia.
