Dlightek：2024菲律宾金融科技产业报告（英文版）（25页）.pdf

1、Fintech Industry in the Philippines 2024Bridge finance and futureAs a rapidly developing Southeast Asian economy,the Philippines is experiencing unprecedented growth in its fintech industry.Increasing internet penetration,widespread smartphone adoption,and strong government support for the digital e

2、conomy have fostered a flourishing fintech ecosystem.This growth is bringing more convenient financial services to the archipelagic nation of over 7,000 islands.This report aims to analyse the current state and development trends of the fintech industry in the Philippines,while also guiding readers

3、through the opportunities and challenges facing the industry,such as digital infrastructure development and financial inclusion.This report is a comprehensive data analysis.The conclusion are derived from objective data analysis without any biased opinion Preface010308172023Chapter I:Philippines mar

4、ket overviewPrefaceChapter II:Fintech ecosystemChapter IV:Industry opportunities&challengesChapter III:Fintech industry trendsConclusionContentsPHILIPPINES MARKET OVERVIEW FINTECH INDUSTRY IN THE PHILIPPINES 2024Source:KPMG;World Bank.The fastest-growing economy in Southeast Asia in 2023The Philippi

5、ne economy demonstrated resilience in 2023,achieving a growth rate of 5.6%,making it the fastest growing economy in Southeast Asia.The World Bank forecasts that its economy will maintain growth momentum,with an average growth rate rising to 5.9%between 2024 and 2026.The global economic recovery,stro

6、ng domestic demand,and investment are significant growth drivers.In 2023,the investment approvals in the Philippines reached a historic high of 1.16 trillion PHP,with foreign investment approvals increasing by 452%compared to 2022 4332352319337363383201820192020202120222023Philippines GDP(2018-2023)