Filipinos spend more time in online lending

The study found that 63.4 percent of that time was spent on platforms offering personal loans, time spent on point-of-sale and secured loans at 17.5 percent, buy now, pay later service at 16.6 percent, while at the very least at 2.5 percent was installment loans.

On average, users spent approximately 14 minutes and seven seconds per month on these platforms, each session lasting 54 seconds.