Transforming Banks in the Philippines for a Digital Future Through Coexistence

The financial services industry in the Philippines is poised for transformation, due to accelerated digitalization and the adoption of open finance, according to the Philippines Central Bank[1], with one of the central bank’s goals this year is for 50% of retail payments done digitally, as well as to have 70% of adult Filipinos onboarded into the formal financial system.

Unlocking Growth Opportunities for Superapps in the Philippines

The Philippines has witnessed an upsurge in the superapp economy, garnering immense popularity among Filipino consumers, with use cases such as payments, P2P lending, and investments leading the way. Superapps are mobile applications that provide a wide range of services and solutions to their users under a single platform or ecosystem, which have gained immense popularity among Thai consumers.