The Philippines has a large population and the particularity of an important community of overseas workers. Together they make the Philippines a particularly attractive market for financial technologies – FinTech – companies, be they startups or large companies, engaging to conquer already dynamic markets.
The spread of the digital disruption to more and more sectors does not spare banking and finance. In Thailand, the emergence of a new generation of financial technology – FinTech – startups spurs the development of a complete ecosystem of supporting structures, from funding and regulation to accelerators and events.
Vietnam has a dynamic startup environment with many entrepreneurs and companies engaged in the most promising sectors. And financial technologies – FinTech – have a lot promising applications in Vietnam as the country’s large population can profit from mobile technologies to access a growing number of innovative financial services.
With a large and growing number of Filipinos accessing the Internet, FinTech startups are able to reach people who previously were out of the financial system. New technologies now provide the convenience of digital payments and financial services to people without bank account anywhere in the Philippines or abroad.