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Reasons for using applications with embedded finance in the Philippines in 2022

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Sources

Release date

November 2022

Region

Philippines

Survey time period

July to August 2022

Number of respondents

391 respondents

Age group

18-65 years

Special properties

among respondents who have used apps with built-in financial services

Supplementary notes

Survey question was stated by the source as: "For what purpose do you use integrated apps with built-in financial services?"

Citation formats

Reasons on embedded finance applications usage Philippines 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Nov 18, 2022
According to a 2022 survey in the Philippines, ** percent of respondents stated that they used applications with embedded finance because it makes payments easier. In addition, ** percent of respondents cited instant payments as among the leading reasons for using such apps. The fintech landscape in the country continues to grow, with the government sector pushing for the adaption of digital payment mechanisms in its various operations.
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Statistics on " Fintech in the Philippines "

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Other statistics that may interest you Fintech in the Philippines

Overview

4

Investments

6

Digital payment

6

Cryptocurrency

3

Embedded finance

4

BNPL

3

Digital remittance

3

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Topics

Fintech in the PhilippinesInsurance industry in the PhilippinesBanking in the PhilippinesE-commerce in the PhilippinesDigital payments in the Philippines
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

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For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
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Starter Account

For single users
$199 USD
per month, billed annually 1
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  • Premium Statistics

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Talk to sales for pricing
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