IDC Financial Insights Reveals 10 Fast Growing Fintechs in the Philippines - TeknoGadyet
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Sunday, September 24, 2017

IDC Financial Insights Reveals 10 Fast Growing Fintechs in the Philippines

IDC Financial Insights Reveals 10 Fast Growing Fintechs in the Philippines
IDC Financial Insights Reveals 10 Fast Growing Fintechs in the Philippines

IDC Financial Insights revealed the 10 fast growing fintechs in the Philippines during the FinTech Innovation Summit 2017.

The 10 Fast Growing FinTechs in the Philippines:


The list makes reference to the “Triple U” framework that evaluates data from many key metrics such as addressable market, customer adoption, investments, chance of survival, innovation, and marketing. This framework includes ubiquity, utility, and usability.

"It’s very interesting to see the rise in public-private partnerships within the fintech domain in the Philippines. This is unique for the Philippines, with many non-government financial institutions that are favoring collaborating with fintechs to address the needs of current and potential customers. The disruption is largely visible in payments including remittances and money transfers. Six out of the top ten fintechs we identified are in the payments space, pointing to a huge underserved market in the Philippines. We expect players in payments to expand into m-commerce as a viable growth strategy,” Michael Araneta, Associate Vice President for IDC Financial Insights, said.

Meanwhile, “IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia Pacific based on extensive on-ground analysis of the dominant fintech players within the region. The said list is published in continuation of IDC Financial Insights’2017 fintech report series.

This aims to help investment groups, financial services institutions, and technology players in understanding the fintech landscape, and identify potential fintech players for investment and collaboration.

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