Photo Credit: Digido

MANILA, PHILIPPINES – The Philippine digital lending market can exceed 1 billion USD in the second half of 2025. 

The digital lending market consists of duly-registered non-bank digital lenders and digital banks.

READ: PH fintech adoption via mobile apps to hit 80% by 2024

Article continues after this advertisement

This projected billion-dollar market size is significantly higher than the United States, which would likely tally $796 million by the end of 2024.

FEATURED STORIES TECHNOLOGY Breaking: HONOR sets New Guinness World Record for HONOR X9c 5G TECHNOLOGY UK scientists grew a human spine in a lab via stem cells TECHNOLOGY Open-world games can boost mental health, says study

Online lending agency Digido reveals the former will probably occupy 55.2% or $556.5 million, in terms of market structure.

On the other hand, digital banks will make up 44.8% or $451 million.

Article continues after this advertisement

Also, both generated 58.9 million app downloads during the ten months of 2024. 

Article continues after this advertisement

Digido says the total number of downloads may have reached approximately 73.5 million that same year, exceeding the 2023 total by 56.4%.

Article continues after this advertisement

From 2013 to 2023, the Philippine digital lending market has an average annual growth rate of 28% or $68 million.

Digido business development manager Rose Arreco commented on these projections:

Article continues after this advertisement

“Our latest findings affirm the majority of Filipinos’ growing pivot towards digital sources of credit as part 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.” 

“This growth trend is also largely determined by the fact that a third of the country’s population is from Generation Z…”

“…a segment certainly ready to fully accept innovative solutions in the field of financial technologies for mobile applications.” 

real casino slots

Digital banks refer to the six digital banks with licenses from the Bangko Sentral ng Pilipinas.

US futures slipped and oil prices also fell.

Seven & i – Japan’s biggest retailer – last month rejected an initial buyout offer from Canada’s Alimentation Couche-Tard (ACT), saying the $40 billion proposal undervalued its business and could face regulatory hurdles.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Non-bank digital lenders are financing and lending companies and their online lending platforms100royal, according to the Securities and Exchange Commission (SEC).

TOPICS: technology READ NEXT PH digital lending market seen to exceed $1 billion in 2025 Facebook, Instagram to ditch fact-checking for community notes  EDITORS' PICK ⁠Here’s why everyone is wearing New Balance sneakers Self-rated poor Filipinos rise to 63% in Dec 2024, says SWS survey Helping PH football part of 1-Pacman first nominee Milka Romero’s goals Rain to prevail in 13 areas in Luzon, Visayas due to shear line, amihan Kai Sotto laments ‘darkest day’ after ACL injury PCG: China ‘monster ship’ leaves Zambales, but new vessel heads to spot MOST READ LIVE UPDATES: Feast of the Jesus Nazareno Vic Sotto set to file case vs 'maker of Pepsi Paloma trailer' Rufa Mae Quinto in NBI custody amid arrest warrant over SEC complaint Isko Moreno surges ahead of Lacuna and Verzosa in mayoral polls Follow @FMangosingINQ on Twitter --> View comments

• PH
• 100royal
• Digital
• lending
• Market