The lion’s share of activity remained with platforms specializing in personal loans. Metro Manila, Philippines | May 2025 — About 1.54 billion seconds —
Metro Manila, Philippines | May 2025 — About 1.54 billion seconds — equivalent to 49 years — were spent by persons in using non-bank digital lending applications in the Philippines in 2024, according to new analysis from
On average, active users of digital lending apps spent approximately 12 minutes and 14 seconds per month in 2024 while the average duration of a user’s session was 58 seconds. Digido business development manager Rose Arreco issued the following comments: “Non-bank, digital-forward lenders maintain their current market growth rates despite the already high level of fintech penetration and saturation of offerings. Personal loans, in particular, remain a key driver of this industry due to its flexibility, ease of access, and competitive rates.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gatchalian: Survey shows nearly 19 million Filipinos are not functional literate as of 2024Sen. Sherwin Gatchalian said no student should graduate from the basic education system without learning reading comprehension or learning how to compute.
Read more »
Despite earthquake, BIMS 2025 records 79,941 new vehicle reservationsThat’s a 44.8% increase over bookings made in 2024
Read more »
Puregold nets P10.4B in 2024Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
2025 will be hot but not hotter than 2024 with El Niño — PagasaMANILA, Philippines — Amid temperatures of almost 40 degrees Celsius and a heat index somewhere between 48 degrees Celsius and 50 degrees Celsius, the weather condition this year won't be as hot as last year in the absence of the El Niño phenomenon.
Read more »
Sari-sari stores’ sales of liquor, cigarettes fell in 2024—studySari-sari stores, or the neighborhood mom-and-pop stores, saw Filipinos feeling the brunt of the increasing prices of cigarettes and alcohol in 2024. This
Read more »
Puregold’s profit increased 21% to P10.4b in 2024Puregold Price Club Inc., the grocery chain owned by businessman Lucio Co, reported a 21.3-percent increase in net income for 2024 on the back of a
Read more »