Green GSM forges financial partnership with PNB

MANILA: Green GSM has forged an alliance with Philippine National Bank (PNB) that will boost the former’s expansion efforts in the country.

In a statement, the company said that the partnership will power up the ride-hailing service provider’s efforts towards developing the infrastructure supporting its electric mobility model. 

Under the collaboration, PNB provided a P2-billion credit facility to support Green GSM's operational expansion and fleet growth in the Philippines.

Aside from that, the two parties also created a digital account management and payment system for Green GSM's driver network. This would ensure that account opening and activation times for its drivers are significantly reduced— helping Green GSM strengthen operational management as it expands the driver network.

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Green GSM Philippines Chief Executive Officer Le Thi Thu Trang highlighted the importance of creating a full ecosystem.

"For Green GSM, developing an all-electric mobility model is not only about expanding the fleet, but also about building an operating system that is stable, standardized, and capable of sustainable long-term growth,” she said.

“Our partnership with PNB will help strengthen the financial and operational foundations needed to enhance service quality and support Green GSM's continued expansion in the Philippines."

For his part, PNB President and Chief Executive Officer Edwin Bautista acknowledged the importance of the partnership with Green GSM.

"We appreciate Green GSM's long-term development direction in the Philippines, not only in advancing low-emission mobility, but also in the way the company is building an operating model with scalability and clear governance foundations," he said.

“The transition toward sustainable transport will require ecosystems capable of supporting stable long-term growth, together with the financial and operational foundations needed to enable that expansion,” Bautista added.

Earlier, Green GSM also partnered with Xentro Group in 2025 and launched the Green Xentro fleet in Rizal earlier this year. 

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