Nine in 10 Filipinos use fintech app in daily transactions

A recent survey conducted by high-impact research firm Capstone-Intel Corp has revealed a significant trend in the Philippines: 90% of Filipinos now regularly use financial technology (fintech) applications for their daily transactions. This growing reliance on digital finance underscores the urgency for improvements in security and user convenience. The study highlights the widespread use of various fintech apps among the Filipino population. Leading the pack is GCash, with 94% of respondents acknowledging its usage, followed by Maya at 39%, ShopeePay at 26%, various bank applications at 18%, GrabPay at 8%, and other fintech platforms at 5%. Ella Domingo-Coronel, Director of Research and Publications at Capstone-Intel, emphasised the necessity of building a safer fintech infrastructure in the Philippines, as digital financing becomes increasingly embraced.