CostCut eWallet

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CostCut Club Powered by PNB

The CostCut eWallet is the closed-loop payment wallet at the center of the CostCut Club Shopping Network, created for every member when they join through an invitation. ​

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Powered by Philippine National Bank, the eWallet connects the member's PNB account directly to their CostCut Club participation, creating a seamless pathway from banking to shopping.​

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Unlike a conventional eWallet, members cannot simply deposit money into the CostCut eWallet or withdraw cash from it. ​

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Its balance can only be created through the CostCut Club redemption process. ​

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When a member redeems accumulated CVA and completes the required 50% co-pay from their PNB account, the full redeemed amount becomes the available prepaid load towards their CostCut eWallet.​

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The eWallet can then be used like a closed-loop debit card at participating CostCut Club businesses. ​

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Members can shop, dine, or purchase services using their available prepaid balance, while participating businesses receive the full value of each transaction through their PNB-powered CostCut Club POS.​

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The PNB Connection

The entire eWallet experience is designed around PNB from the beginning.

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• PNB Account → Required for CostCut Club participation

• PNB Checking Account → Used for the $60 monthly subscription

• PNB Account → Used for the 50% co-pay when redeeming CVA

• CostCut eWallet Powered by PNB → Holds the resulting prepaid balance

• PNB-Powered Merchant POS → Processes purchases at participating businesses​

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This creates a direct connection between PNB banking, CostCut Club membership, consumer spending, and participating business transactions—all within one integrated ecosystem.

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The Simple Flow

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PNB Account → CostCut Club Membership → CVA Redemption → 50% Co-Pay → CostCut eWallet → Participating Business​