Forbes Philippines lists the top 24 fintech startups

Ten years ago, the word fintech emerged in the local business scene, introducing flashy and compelling forms of payment and banking online. Many thought of it as risky, dangerous even, what with the complex and vast nature of the internet. Come 2016, Fintech is no longer a buzzword – it’s become the future.In May, Bangkol Sentral ng Pilipinas said that in less than four years, 20 percent of transactions nationwide will be done online.

“Unlike what most believe, fintech is an enabler [and] not a disruptor for financial institutions. It will provide the gap for institutions to become competitive,” FIN:TQ president and CEO Lito Villanueva said in a talk in May.

In the October issue of Forbes Philippines, the publication rounded up the 24 fintech startups incorporated in the Philippines, set to change and shape the future of finance. Here, we list the initial 12 of the 24:

  • Mynt
  • myRemitHub
  • PawnHero
  • PayBilis
  • Paylance
  • PayMaya
  • Paynamics
    A digital financial solutions provider, Paynamics has a number of notable clients such as Kalibrr, Rappler and Zipmatch. It offers online billing services to online disbursement gateways.
  • PaySwitch
  • Peppermint
  • PesoPay
  • Salarium

Source from Entrepreneur Philippines