In 2023, the payments and e-wallet sectors accounted for the highest share of fintech companies in the Philippines at 45 percent. This was followed by lending and Buy-Now-Pay-Later (BNPL) at 23 percen
The data is obtained from Guo et al. (2019) (he Peking University Digital Financial Inclusion Index of China (2011-2018)”, Institute of Digital Finance, Peking University , No. April, pp. 1–70)