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9 in 10 Pinoys use fintech apps in transactions

The Philippine Star

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January 07, 2024

Nine out of 10 Filipinos are using financial technology (fintech) applications in their everyday transactions, cementing the need to make it more secure and convenient to the public.

- LOUISE MAUREEN SIMEON

9 in 10 Pinoys use fintech apps in transactions

Latest survey of high-impact research firm Capstone Intel Corp. showed that 90 percent of Filipinos are utilizing fintech apps to transact on a day-to-day basis.

Among these include GCash where 94 percent of the respondents claim they have and are using the mobile payment service.

It was followed by Maya with 39 percent, Shopee Pay (26 percent), bank applications (18 percent), GrabPay (eight percent), and other fintech applications (five percent).

Only two percent are not using any fintech application.

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