The World Financial Innovation Series (WFIS) is set to ignite the fintech scene at the Manila Marriott Hotel. 🚀
The Philippines’ Fintech Boom
Fueled by the dynamic synergy between government and private sectors, the Philippines’ fintech landscape is on a meteoric rise. Thanks to visionary policymakers and the nation’s digital transformation, fintech adoption is projected to hit 72% of the population by 2024.
Investor Confidence and Market Penetration
The $344 million raised in 2022 underscores the burgeoning investor confidence in the region. With 867 active fintech applications and 74% of Filipinos owning smartphones, the stage is set for exponential growth.
Strategic Initiatives Driving Growth
Key initiatives like the National Strategy for Financial Inclusion 2022-2028, Digital Payments Transformation Roadmap 2020-2023, and the Open Finance Framework are spearheaded by the Central Bank of the Philippines (BSP). These efforts are further bolstered by the digitalization of crucial government agencies, including the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC).
WFIS 2024: A Gateway to Innovation
WFIS 2024 will host over 600 technology and business leaders from top banks, insurance firms, and micro-finance institutions across the country. This event is your direct gateway to the Philippines’ Financial Services Industry (FSI).
Quick Insights on the Philippine FSI Market:
✅️ 72%: Projected fintech adoption rate in 2024
✅️ $344M: Fintech funding raised in 2022
✅️ 74%: Percentage of Filipinos owning smartphones
Ready to lead the fintech revolution? For interested parties, please tap Delegate Registration.
Keep on rolling with 'Your Ledger'—your go-to source for the latest insights and trends in fintech.
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