PNB backs Green GSM expansion

Toby Magsaysay·31 May 2026, 1:13 pm·1 min read

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PNB backs Green GSM expansion — PHILIPPINE National Bank executives led by Katherine H. Cabrera - SVP & Head, Cash Management Division; Allan L. Ang - FSVP & Head, Corporate Banking Group; and Edwin R. Bautista - President & Chief Executive Officer meet with Green GSM officials led by Thuy Vu Dropsey - Chief Corporate Development & Strategic Finance Officer, Vingroup JSC; Bryan Liew - Chief Financial Officer for Asia Markets & Head of Capital Solutions, Vingroup JSC; and Dao Quy Phi - Managing Director, GreenSM Southeast Asia & President, Green and Smart Mobility Philippines Inc.
Photo courtesy of PNB

Philippine National Bank (PNB) is supporting the expansion of all-electric ride-hailing service Green GSM through financing and digital banking solutions aimed at accelerating sustainable transport operations nationwide.

In a statement, rolled out a digitally enabled payroll solution for Green GSM’s growing network of drivers through enhancements to its Corporate Account Portal System and the use of digital tools such as AdobeSign.

PNB said it had reduced payroll account onboarding time from as much as nine days to just two days while minimizing manual processing.

The bank said it extended P2 billion in credit facilities in December last year to finance the acquisition of electric vehicles and support Green GSM’s working capital requirements, helping accelerate fleet expansion and efforts to reduce carbon emissions in the transport sector.

The financing package is also expected to support the company’s next growth phase as it scales up operations nationwide.

“Our collaboration with PNB has enabled us to scale efficiently while staying true to our mission of delivering sustainable transportation,” said Le Thi Thu Trang, chief executive officer of Green GSM Philippines.

“The Bank’s ability to combine financing with digital solutions has been instrumental in supporting our growth and our drivers,” she added.

PNB said the strategic financing partnership between the bank and Green GSM has improved operational efficiency and employee experience, while a successful pilot implementation across multiple depots has laid the groundwork for deeper collaboration between the two companies.

PNB said its support for Green GSM also helps reduce reliance on paper-based processes through digital onboarding, reinforcing environmentally responsible banking practices. The bank added that it remains committed to supporting enterprises that promote inclusive growth and environmental sustainability.

“As the transport sector evolves toward more sustainable models, banks play a critical role in enabling this transition,” said PNB President and Chief Executive Officer Edwin R. 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,” he added.