Fintech Alliance PH aims to position Philippines as Next Digital Hotspot

SINGAPORE, November 9, 2023 – Bagong Pilipinas will be on a global stage at the Singapore FinTech Festival (SFF), in a groundbreaking move set to redefine the future of fintech in the Philippines. Fintech Alliance PH, the nation’s first and largest digital industry organization of startups and unicorns, will be staging Philippines’ first and largest country pavilion at the world’s biggest fintech or financial technology event. “Bagong Pilipinas: The Philippine Country Pavilion” will occupy a 150-square meter space — the largest among other country pavilions in Hall 5.

With this event, Fintech Alliance PH aims to set the stage for the Philippines’ significant presence at the Singapore FinTech Festival (SFF).

The Industry Collaboration and Media Kick Off event features a distinguished lineup of attendees, including key government executives, regulators, and representatives from both the public and private sectors. The gathering serves as a prelude to the Philippines’ significant participation at the SFF, representing a collaborative effort between various government agencies, including the Office of the President, Department of Finance, Bangko Sentral ng Pilipinas, National Economic Development Authority, Department of Information and Communications Technology, Department of Trade and Industry, Securities and Exchange Commission, Board of Investments, and Credit Information Corporation.

Hon. Benjamin E. Diokno, Secretary of the Department of Finance, has lauded the private sector’s efforts to join the government’s mission in unlocking the Philippines’ full economic potential.

“I commend the Fintech Alliance for mounting the Bagong Pilipinas Country Pavilion. This is an excellent opportunity to showcase to the rest of the world the Philippines’s strong potential to become the next digital hotspot in the region and a world leader in the Fintech arena,” Diokno said.

“As government leaders and policymakers, it is our job to ensure that digital technologies do not become a weapon for exclusion, social instability, and unequal distribution of power and wealth. The success of digital transformation is not only measured by its ability to drive economic progress. It entails closing the digital gap and ensuring that the gains from digitalization are broadly shared,” Diokno added.

Digital finance champion and founding chairman of Fintech Alliance.PH, Lito Villanueva, also shared his enthusiasm for this historic occasion. “Bagong Pilipinas represents the innovation and dynamism of the Philippine fintech industry. We are excited to bring our achievements to a global stage at the Singapore FinTech Festival, showcasing the Philippines as a hub of fintech excellence,” Villanueva said.

The FinTech Alliance initiative is co-presented by the Digital Banks Association of the Philippines with its members Overseas Filipino Bank, Tonik Bank, UNO Digital Bank, Maya Bank, Union Digital Bank, and GoTyme. Other key sponsors include the Land Bank of the Philippines, Finscore, KPMG, PLDT, Bayad Center, International Finance Corporation of the World Bank Group, Development Bank of the Philippines, Tala and Home Credit, among others.