Fintech improves PH financial inclusion 8 SHARES Share it! Share TweetBy Lee ChipongianThere’s no doubt about it, financial technology (fintech) is a game changer, but more than that it has a strong potential to improve financial inclusion in the Philippines. Fintech is the application of technology in financial services in a manner that drives the transformation or disruption of the traditional processes in the financial system. It is tailor fit to attract and serve the Filipino audience in providing access to financial services especially to far-flung locations across 18 regions. Of 101 million Filipinos (2015 data), 56 percent of the population have regular use of the internet (2016 data), 56 percent have smartphones and SIM penetration is 113 percent of the entire country.

Source: Manila Bulletin November 24, 2018 16:07 UTC