“Can a traditional Philippine commercial bank become the embedded financial infrastructure layer for digital commerce, employers, and overseas Filipino remittances?”
China Banking Corporation (Chinabank) is a long-established Philippine commercial bank that has progressively expanded its digital and embedded finance capabilities. Starting with traditional banking, credit cards, and a bancassurance JV with Manulife (2007), Chinabank has accelerated its embedded finance strategy since 2023 — enabling payments via third-party merchant apps through Xendit, partnering with QNB and RippleNet for cross-border remittances, and most recently launching earned wage access through Paywatch. The bank is positioning itself as a platform that extends its core banking rails into digital commerce and employer services.
Chinabank processes payments through Xendit.
Chinabank's cards run on Mastercard and Visa.
Chinabank uses RippleNet and SingX for FX and cross-border payouts.
Chinabank's embedded insurance is provided by Manulife China Bank Life Assurance Corp. (MCBL).
The Embedded Finance Index 2026 maps 5 layers in Chinabank's stack: Payments / PSP (Xendit); Card network (Mastercard and Visa); Lending (Chinabank Credit Card installment plans, Cash Installment Program and Merchant Installment Program); Insurance (Manulife China Bank Life Assurance Corp. (MCBL)); FX & payouts (RippleNet and SingX).
Chinabank is headquartered in Manila, Philippines.
Get a read on where your own stack stands against Chinabank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.