Philippine fintech boom deemed ‘shallow’ as costs stay high

MANILA, Philippines – Weak financial infrastructure risks keeping fintech usage in the Philippines shallow and transaction costs elevated, despite the rapid expansion of e-wallets and other digital payment platforms, according to a report by local venture capital firm Kaya Founders. READ: ph-fintech-evolving-beyond-e-wallets In its “The Philippine Fintech Stack” report released on Monday, the firm noted