The digital lending market in the Philippines is projected to reach $1 billion by the second half of 2025.
In 2024, the lending market size was estimated to be $796 million, and it is predicted to continue growing.
Non-bank digital lenders are expected to make up 55.2% ($556.5 million) of the market, while digital banks will comprise 44.8% ($451 million).
The growth in digital lending is driven by the accessibility it provides to the financially underserved population and the support of the government in promoting digitalization.