Increase in digital lending use a warning sign

By The Editorial Board

Jan 25, 2023 12:22 am

ACCORDING to a report released last week by a consumer credit agency, the use of digital lending apps by Filipinos increased significantly in 2022. This is certainly good news for the digital lending business, but for everyone else, it should be viewed with deep concern.

People are seen using their mobile phones on Claro M. Recto Avenue in Divisoria, Manila on Dec. 27, 2022. PHOTO BY MIKE ALQUINTO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Tackling the plastic waste crisis

Stand firm against nuclear proliferation

Swarming as a tactic of intimidation

Selective protectionism

The wrong way to create job opportunities

Empowering senior citizens through gainful employment

Ukraine war threatens to escalate into global conflict