THE global fintech industry has made major strides in Southeast Asia and among the countries in the region, the Philippines comes to the fore. During the 2024 Fintech Revolution Summit, it was shared that the local fintech market has grown by 224 percent, currently valued at $11 billion.

The advent of fintech solutions, such as digital banking services and e-wallets, day-to-day financial transactions have become more accessible and convenient for Filipinos. According to a study by Meltwater and We Are Social, 91.3 percent of Filipino internet users utilize banking, investment, and insurance website apps each month.