The surge in digitization, a favourable regulatory landscape and the launch of ‘Digital Payments Transformation Roadmap 2020-2023’ by the Central bank of the Philippines (BSP) are together fostering a rich fintech environment in the country. To top it all, the presence of over 50 million unbanked Filipinos is only adding to the ultra-lucrative market.
With the advent of myriad online payment channels, cryptocurrency and digital banks, Philippines’ fintech firms witnessed a total funding of $342 million in the first half of 2021, more than double of what was raised throughout 2020.
To enable financial inclusion in the region and provide a common platform for the burgeoning FSI community, Tradepass is hosting the 10th edition World Financial Innovation Series (WFIS) at Sofitel Philippine Plaza Manila in Manila, Philippines on 16 – 17 August 2022. The event will attract over 600 technology and business heads from the leading Banks, Insurance & Micro-Finance institutions across the country.