PNB backs Green GSM’s operations

MANILA, Philippines — Lucio Tan-owned Philippine National Bank (PNB) continues to advance its sustainability agenda and digital transformation efforts through its partnership with Green GSM, the country’s all-electric ride-hailing service.

The collaboration highlights PNB’s role in enabling the growth of eco-friendly transport solutions by providing financial support and digital operational infrastructure.

“As the transport sector evolves toward more sustainable models, banks play a critical role in enabling this transition,” said PNB president and CEO Edwin Bautista. “Through our partnership with Green GSM, we are not only financing cleaner mobility solutions but also supporting the ecosystem behind it — from drivers to operations — through efficient, technology-driven banking services.”

Beyond financing, PNB further strengthened the partnership with Green GSM by delivering a digitally enabled payroll solution tailored to the latter’s rapidly growing driver network.

Leveraging enhancements in its Corporate Account Portal System (CAPS) and digital tools such as AdobeSign, the PNB streamlined the onboarding process for driver payroll accounts — reducing turnaround time from up to nine days to just two, while minimizing manual intervention.

“Our collaboration with PNB has enabled us to scale efficiently while staying true to our mission of delivering sustainable transportation,” Green GSM Philippines CEO Le Thi Thu Trang. “The bank’s ability to combine financing with digital solutions has been instrumental in supporting our growth and our drivers.”

Launched in June 2025, Green GSM aims to promote sustainable mobility by deploying electric vehicles nationwide.

In December 2025, PNB entered into a strategic financing partnership that supported the company’s rapid scale-up during a critical growth phase.

PNB extended P2 billion in credit facilities to finance the acquisition of a significant number of electric vehicles and for working capital requirements — helping accelerate the company’s expansion and its contribution to reducing carbon emissions in the transport sector.