During the ten months of 2024, both non-bank digital lenders and digital banks generated 58.9million app downloads
During the ten months of 2024 , both non-bank digital lenders and digital banks generated 58.9 million app downloads. Should dynamics improve or maintain, Digido expects the total number of downloads for both non-bank digital lenders and digital banks to have reached approximately 73.5 million in 2024 , 56.4% more than tallied in 2023.
Commenting on the findings, Digido business development manager Rose Arreco said : “Our latest findings affirm the majority of Filipinos’ growing pivot towards digital sources of credit aspart of their personal finance management. We are optimistic that these lending segments will be able to maintain their high growth rates in view of its accessibility for the financially underserved, progressive government support and various projects promoting further digitalization.
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