Fintech and Olympics

Sports and fintech are parallels. Our Philippine Olympian stars are a shining example of what can be achieved through dedication, discipline and the noble and relentless pursuit of excellence. It is tempting to look at their achievements as merely individual merits, but the truth is, they represent every Filipino’s capability to define and redefine the odds of human potential.

They have given us moments of national pride that echo far beyond the world of sports.

Just as the journey to Olympic gold was marked by years of training, overcoming obstacles and refining the athletes’ craft, the fintech industry in the Philippines has been on a similar path of growth and innovation.

Over the past few years, the fintech sector has transformed from a developing industry into a robust one – a cornerstone of the country’s financial ecosystem. This transformation has been driven by a combination of leadership, strategic partnerships and a focus on leveraging technology to enhance financial inclusion.

The fintech industry, much like our national athletes, has had to navigate challenges such as regulatory hurdles, technological limitations and infiltrating the Filipino market. Yet, through persistence and innovation, it has managed to not only survive but thrive, bringing about significant changes in how Filipinos interact with financial services.

Now, the country depends on us. Rather, it demands from us. And this is a good thing. Digital payments and technology-forward ways of living are fast-growing to be the norm now and we are here to see this era through, with a mindset geared toward the future.

This is exactly what we strived to commemorate at the Manila Tech Summit 2024 – a two-day convergence that gathered over 1,000 of the brightest minds and most influential leaders in fintech and digital innovation. This summit exemplifies our commitment to staying ahead of the curve, ensuring that the Philippines is not just a participant but a leader in the AI revolution.

Fintech Alliance PH, now with over 100 corporate members, collectively generates more than 95 percent of digital retail financial transaction volume in the country today. Recently, Asian Banking and Finance