Visa and CIMB PH to deliver banking services to Philippine SMEs

They will offer a new business debit card by Q3.

Visa and CIMB Bank Philippines have entered into an exclusive partnership to deliver banking services to small and medium enterprises (SMEs).

CIMB will offer a new Visa business debit card by Q3 2025, which is expected to complement an “upcoming business deposit product”, CIMB said in a press release.

The card will be linked to a high interest business savings account, where business owners can enjoy zero fees, free fund transfers, insurance product offers, as well as a revolving credit facility. These new offerings cater specifically to micro and small enterprises.

Visa will provide CIMB customers exclusive discounts and privileges at select Visa merchants.

SMEs make up 99.6% of all Philippine businesses.