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The Philippines is being looked at by financial technology companies as a key test market to expand their reach in Southeast Asia due to the unique character of the population which are predominantly well versed in English and familiar with technology but are mostly immersed in poverty and are unbanked.

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Delegates from the Singapore Fintech Association, or SFA, recently expressed interest in exploring business opportunities during a courtesy call on the Board of Investments, or BoI.

"}}] 51:["$","div","a2b523aa-fc36-4699-9b4a-4376f95de3cf",{"className":"story-text","dangerouslySetInnerHTML":{"__html":"

The Singapore mission sought information about the investment climate, regulations, investment opportunities and government support for companies in the fintech industry.

"}}] 53:["$","div","75e6f2e7-fc5e-435d-8bf4-31bf2b180f21",{"className":"story-text","dangerouslySetInnerHTML":{"__html":"

Heading the delegation, Reuben Lim, chief operating officer of the SFA, pointed out that the Philippines is being recognized as an emerging investment destination and market for fintech companies.

"}}] 54:["$","div","ccd9f404-84a7-4c56-9cef-26c32c5e17ae",{"className":"story-text","dangerouslySetInnerHTML":{"__html":"

\"We are now looking into the Philippines, as we are seeking to expand in Southeast Asia. Singapore's success depends on its neighbors' success,\" Lim underscored.

"}}] 55:["$","div","040d7d23-1b6f-4b45-a258-09b607bacb48",{"className":"story-text","dangerouslySetInnerHTML":{"__html":"

Delegates expressed optimism in the potential of the Philippines, wanting to find more business opportunities. In particular, Bato Purev-Ochir, head of sales and solutions, expects a number of potential clients in the Philippines.

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