Mobility restrictions lobbed against Covid-19 made the use of electronic wallet (e-Wallet) ubiquitous, lending firm Digido Financing Corp. said, citing its study of the use of e-wallet applications.
MOBILITY restrictions lobbed against Covid-19 made the use of electronic wallet ubiquitous, lending firm Digido Financing Corp. said, citing its study of the use of e-wallet applications.
In 2022, Digido noted that the number of unique downloads grew by 30.5 percent or by 26.7 million, reaching 114.4 million downloads. According to Digido, the main increase in activity took place in 2020 and 2021. During this period, user activity increased by 187 percent or 41.1 million people. The uptrend, the online lender said, was “likely caused by the Covid-19 pandemic,” which it said simply forced the population to use the services of this kind.
“This is evident because the growth in both the total number of unique downloads and the total number of active customers has decreased over the year, but the amount of time spent in applications has increased,” the consumer credit service said. Digido parroted the estimates of the United Nations that the country’s population segment of 15 year old and higher would reach 85.4 million by 2025.
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