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Online lending gains among Pinoys

FILIPINOS have taken to digital lending with a vengeance, lending platform Digido said on Monday, having spent a total of 75,305 hours — equivalent to nearly nine years — using credit-specific apps in 2022.

Ten digital lending platforms with apps on the App Store or Google play had a combined total of 14.2 million downloads as of the end of last year, Digido added, accounting for 3.4 percent of total finance category downloads.