In the Philippines’ fast-moving digital economy, credit has become just one click away. Buy Now, Pay Later (BNPL) apps promise convenience, dignity, and short-term relief. But for many Filipinos struggling with inflation and low wages, this promise is turning into a trap. Under Republic Act 10870 (RA 10870), the government promotes inclusive financial systems and […]
Tag: #FintechPH
How Software Developers and IT Professionals Can Fix What’s Broken in Digital Payments and Loans
The Philippines is officially in its digital age — or at least, that’s what the headlines say. From GCash, Maya, online banking, Buy Now Pay Later (BNPL) apps, to digital loans that promise “instant approval,” Filipinos are now just a few taps away from sending money, paying bills, or borrowing cash. But behind the convenience […]
The Philippines in the Digital Age: Convenience or a New Kind of Struggle?
Digital payments. Online loans. Cashless promises.The Philippines is racing into the digital financial age, but for many Filipinos, the journey is far from smooth. While apps promise instant payments, fast loans, and financial inclusion, the reality on the ground tells a more complicated story—one filled with hidden fees, digital inequality, weak consumer protection, and financial […]