April 10, 2019

Reviewing the FinTech Investment Landscape of the Philippines


Over the next few weeks, MEDICI brings you a series of articles, exploring FinTech in the ASEAN region. These articles, each focused on a different ASEAN country, provide comprehensive insights into the FinTech investment landscape in the region. ASEAN in Figures ASEAN (the Association of Southeast Asian Nations) is the third-largest region in Asia. It is home to more than 630 million people with one-fourth of the population living in urban areas. ASEAN has an annual growth rate of 4.7% and has USD 119.97 billion in FDIs; it is also one of the fastest-growing regions as well as the seventh-largest economy globally. Its population is young and educated with a literacy rate of over 80%, phone-savvy with more than 0.5 phones per person, and enjoys a low-to-mid unemployment rate of 0.5–6.9%. ASEAN members also have an average to a high life expectancy of 69–82.7 years, and a gender parity of…

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