Usage of embedded finance applications usage Philippines 2022

Published by
Christy Balita,
Nov 18, 2022
According to a 2022 survey in the Philippines, 70 percent of respondents stated that they used applications with embedded finance. Among the main reasons for using such apps was because it makes payments easier. The fintech landscape in the country continues to grow, with the government sector pushing for the adaption of digital payment mechanisms in its various operations.

Usage of applications with embedded finance in the Philippines in 2022

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Sources

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Release date

November 2022

Region

Philippines

Survey time period

July to August 2022

Number of respondents

559 respondents

Age group

18-65 years

Supplementary notes

Survey question was stated by the source as: "Have you used an app like this?"

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Statistics on " Fintech in the Philippines "

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Overview

4

Investments

6

Digital payment

6

Cryptocurrency

3

Embedded finance

4

BNPL

3

Digital remittance

3

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Topics

Fintech in the PhilippinesInsurance industry in the PhilippinesBanking in the PhilippinesE-commerce in the PhilippinesDigital payments in the Philippines
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