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 […]
PH fintech mobile app adoption up in 2023
PH fintech mobile app adoption up in 2023 The adoption rate of financial technology in the Philippines among the population ages 15 years old and over through mobile apps may increase to 72.2 percent or 59.3 million users by the end of 2023, according to a new report from consumer credit service Digido. The maximum […]
Digital lending apps see growth, increased time spent by PH users in 2022 – analysis
Digital lending apps see growth, increased time spent by PH users in 2022 – analysis A January 2023 analysis by digital financing company Digido found increased growth in the adoption of digital lending applications on Android and iOS in the Philippines in 2022, as well as increased time spent on these applications. The analysis took […]
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 […]
India-based digital lending firm enters PH
India-based digital lending firm enters PH Metro Manila (CNN Philippines, August 28) — India’s financial tech company Lentra has expanded its operations to cover the Philippines, as it banks on the growing demand of small- and medium-sized enterprises (SMEs) for loans and the central bank’s push to advance financial inclusion. In a statement on Monday, […]
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 […]