How will embedded finance revolutionize industries in Southeast Asia?
How will embedded finance revolutionize industries in Southeast Asia? There is a game-changing shift that is empowering the next stage of growth for the region’s industries. Embedded finance (EmFi) — or the integration of financial services (FS) into nonfinancial platforms to incorporate these into core activities in which customers are already engaged in — is […]
Asia on the cusp of a new era
Asia on the cusp of a new era Asia will be the furnace in which a new era is forged—and may experience heightened versions of global challenges. Today’s cluster of disruptions, both economic and political, in many ways have Asia at the epicenter. We assert that these may be triggers for a new era in which […]
The reshaping of the global economy: Riding the waves of change
The reshaping of the global economy: Riding the waves of change As China’s property market tanks, countless families find themselves entangled in payment problems. Many struggle to make mortgage payments, often on properties they have yet to receive. Others are stuck, like university administrator Nelson Lau, 32, paying for a new apartment but finding it hard to […]
Fintech Adoption in the Philippines Set to Increase by Over 72% by 2024; Digido Report Reveals
Fintech Adoption in the Philippines Set to Increase by Over 72% by 2024; Digido Report Reveals The adoption rate of financial technology in the Philippines among the population aged 15 and over through mobile apps may increase by 72.2 per cent – to 59.3 million users by the end of 2023, according to a new […]
Filipinos spent nine years’ worth of time on digital lending apps in 2022
Filipinos spent nine years’ worth of time on digital lending apps in 2022 MANILA, Philippines — A 2022 report found that over two million active users in the Philippines spent more than 75,305 hours — nearly nine years — using digital lending applications. Consumer credit service Digido did an analysis of several digital lending platforms operating in the country […]
Philippine fintech user base projected at 59.3 million by end of year
Philippine fintech user base projected at 59.3 million by end of year THE NUMBER of financial technology (fintech) users over 15 years old in the Philippines who transact via mobile apps is expected to hit 59.3 million by the end of 2023, consumer finance company Digido said. In a report, Digido said fintech adoption may hit […]