- The global credit information firm will develop a nationwide credit education module, 'Understanding and Managing Your Credit Score', via the Bangko Sentral ng Pilipinas’ E-Learning Academy (BELA), available to Filipinos next year.
- The program features animated slides, scenario-based activities, and video explainers to teach credit concepts in an accessible way, targeting learners of all ages and financial backgrounds.
- The initiative supports financial inclusion, helping Filipinos make better financial decisions, maintain good credit, and improve resilience, while TransUnion will also share content through social media to broaden outreach.
Global information company TransUnion has formalized a memorandum of agreement with the Bangko Sentral ng Pilipinas to develop and roll out a nationwide credit education module through the BSP E-Learning Academy. Expected to be available to Filipinos as early as next year, the initiative positions TransUnion as the first credit reference agency in the Philippines to partner with the central bank on a financial education program hosted on BELA, reinforcing ongoing efforts to promote financial literacy across the country.
This collaboration focuses on a digital course, 'Understanding and Managing Your Credit Score', that will be integrated into BSP's online learning management system for financial education - BELA. This course will include interactive features in animated slides, scenario-based activities and video explainers to facilitate the understanding of the credit scoring system. These learning materials are designed to make complex concepts more understandable to learners of different age groups and financial literacy backgrounds.
The program looks forward to arming individuals with basic knowledge of how to create responsible financial habits, particularly in relation to good credit management, by introducing key concepts through accessible and engaging materials.
For TransUnion, the partnership marks a significant move in its larger commitment to financial inclusion and empowering greater consumer knowledge of credit. The group noted that the program is a direct response to the increasing demand from Filipinos seeking dependable, easily understandable financial education. According to the TransUnion 2025 Credit Perception Index, 68 percent of Filipinos would like to have more educational opportunities to help manage their financial lives better.
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The index also indicates a clear preference for learning about financial matters on social media, with 60 percent citing it as the primary medium for learning about such topics. TransUnion plans to disseminate additional credit education information through the company's own social media channels to spread the word further and reinforce the lessons learned through the BELA course.
Peter Faulhaber, president and CEO of TransUnion Philippines, noted that the effort represented a milestone for both the organization and the nation’s financial literacy agenda. He emphasized that meaningful access to credit starts with a solid foundation in how credit works, and further pointed out that the partnership with BSP also reinforces the country’s long-term development goal of attaining upper-middle-income status.
Faulhaber added that through an interactive, easy-to-understand credit education module, the partnership aims to enable Filipinos to make more informed financial decisions, maintain good credit profiles, and benefit from superior financial opportunities. He concluded by stating that improving financial literacy is crucial to developing resilience among the population, who can better cope with a dynamic financial environment.
