The rise of fintech in the Philippines: A study on the impact of digital finance and demographics on financial inclusion and its effect on economic growth

  • Bobier, Sofia Angeli M.
  • Carbonilla, Gillian Clare O.
  • Mallari, Alessandra Rayne L.
  • Moleno, Erika Marie D.
Publication date
October 2022
Publisher
Animo Repository

Abstract

The focus of this study is on two things: (1) to examine the impact of digital finance on financial inclusion in the Philippines, and (2) to explore the relationship between financial inclusion and economic growth of the Philippines. The data used in this study was obtained from the Global Findex Database published by the World Bank and Philippine Statistics Authority (PSA), specifically for the years 2014, 2017, and 2021. The design of the study is quantitative wherein the researchers formulated an index that will measure financial inclusion and utilized the probit model and the Arellano-Bover Generalized Method of Moment (GMM). Through this, the researchers were able to establish whether demographic characteristics can be utilized as pred...

Extracted data

We use cookies to provide a better user experience.