Reasons for choosing digital banks among consumers Philippines 2022

Published by
Christy Balita,
Aug 21, 2024
According to a 2022 study on consumer payment behavior, 47 percent of the respondents in the Philippines stated that they prefered digital banking over traditional banks as they perceived it as a faster and more convenient way to bank.

Reasons for choosing digital banks among consumers in the Philippines as of October 2022

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Release date

July 2023

Region

Philippines

Survey time period

September to October 2022

Number of respondents

6,550 respondents

Age group

18-65 years

Special properties

among consumers in Singapore, Malaysia, Thailand, Indonesia, the Philippines, Vietnam, and Cambodia

Supplementary notes

The survey was conducted among 6,550 consumers in Southeast Asia, including the Philippines.

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