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FameEX Hot Topics | Intech Revolution Summit to Highlight the Booming $44B Fintech Market in the Philippines

2023-03-22 14:53:00

On May 24-25, Manila will host the highly anticipated Intech Revolution Summit, featuring more than 30 influential speakers from across the region. This year’s event is themed “Unleashing the Power of Fintech” and will focus on how emerging technology is shaping the future of the Southeast Asia region, which is home to a population of 680 million.The Philippines, which ranks as one of the world’s fastest-growing economies, will be a key topic of discussion at the summit. In 2022, the country experienced its fastest economic growth since 1976, with a 7.6% increase in GDP. Experts predict that this trend will continue this year.

One of the driving forces behind the Philippines' economic growth is the rise of digital finance. The country's fintech market is projected to reach $44 billion by 2024, driven by the increasing adoption of digital payments. The Philippines has a young, tech-savvy population, with over 86 million smartphone users. This has created an ideal environment for fintech companies to flourish.At the Intech Revolution Summit, key players in the surging Philippine fintech market will take the stage to discuss the latest industry trends. Among the speakers are Lito Villanueva, the executive vice president of the Alliance of Digital Finance Associations in the Philippines, and the CEOs of Gotyme Bank and UnionDigital, Albert Tinio and Henry Aguda, respectively. Both banks were awarded digital banking licenses in 2022 and have already commenced operations. They join other successful digital banks in the Philippines such as Maya Bank and Tonik Digital Bank.

The summit promises to be a platform for insightful discussions on how fintech is transforming the Philippine economy and creating opportunities for growth in the region. Attendees can expect to gain valuable insights on the latest trends and technologies that are reshaping the financial landscape in the Philippines and beyond. With so many influential speakers and industry leaders in attendance, the Intech Revolution Summit is set to be a must-attend event for anyone interested in the future of fintech in Southeast Asia.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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