Fintech Revolution Summit to shine spotlight on $44B fintech market in the Philippines

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The Southeast Asian fintech industry will converge in Manila for the Fintech Revolution Summit, an event that will bring together fintech founders, regulators, and policymakers to discuss the future of financial technology in the Philippines and beyond.

The event will be held on May 24-25 in Manila, Philippines, featuring over 30 speakers from across the region. This year’s event is themed “Unleashing the Power of Fintech” and will shine the spotlight on how emerging technology shapes the future of a region home to 680 million people.

The Philippines ranks as one of the world’s fastest-growing economies. In 2022, the country’s economy grew by 7.6%, its fastest growth since 1976, and this trend is set to continue this year.

A key factor for this growth is the rise of digital finance, with the country’s fintech market projected to hit $44 billion by 2024. Adoption of digital payments is only going to rise, spurred by the country’s young tech-savvy population (smartphone users in the country are estimated at over 86 million).

At the Fintech Revolution Summit, some of the key players in this surging market will take to the stage to discuss the latest trends in the industry. They include Lito Villanueva, the executive vice president of the Alliance Of Digital Finance Associations in the Philippines.

The CEOs of Gotyme Bank and UnionDigital—Albert Tinio and Henry Aguda, respectively—will also take to the stage. The two were awarded a digital banking license and commenced operations in 2022, joining others such as Maya Bank and Tonik Digital Bank.

While fintech will take precedence, the speakers will delve into several other sectors, including blockchain and digital assets. The Philippines is a global leader in Bitcoin and NFT adoption. It has also become one of the most prominent players in the play-to-earn sector.

As a media partner for the event, CoinGeek will bring you all the latest updates from the two-day event.

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