Fintech Alliance.PH prepares for sustained industry growth in 2024
Fintech Alliance.PH, the Philippines’ leading fintech industry organization, builds on its previous year’s achievements by commemorating milestones and welcoming 20 new members during its inaugural General Membership Meeting held at Ascott BGC, Taguig City on February 16, 2024.
With discussions on new collaborations and membership expansion, Fintech Alliance.PH is set to evolve from a national leader to a regional powerhouse.
Notable accomplishments include the success of the multistakeholder cybersecurity awareness campaign #WagMagpalokoMagingScamAlerto and the Alliance’s significant role in the 2023 Singapore Fintech Festival, where it hosted the pioneering Bagong Pilipinas: The Philippines Country Pavilion.
Founding chairman Lito Villanueva announced the Alliance’s reprisal as the lead organizer of the Philippine exhibit at SFF 2024, one of the largest global fintech events. Key partnerships were formed during the Bagong Pilipinas country pavilion.
Moreover, the Alliance co-founded the 11-member Asia FinTech Alliance, comprising prominent fintech associations across the region.
Expressing enthusiasm, Villanueva stated, “I am proud of our alliance’s rapid growth and expanding reach. As we move forward, Fintech Alliance.PH is committed to ambitious initiatives in 2024.”
With a membership exceeding 100 organizations covering 95 percent of digital-initiated transactions in the country, Fintech Alliance.PH continues its exponential network growth.
Commissioner Romeo Lumagui Jr. emphasized the Bureau of Internal Revenue’s commitment to modernizing tax compliance through digital solutions and the Ease of Paying Taxes Act, highlighting the imperative of digitalization in today’s landscape.
The event also showcased the organization’s global presence in 2023, including participation in various international forums and summits, opening avenues for collaboration and growth.
The annual Inclusion and Digital Transformation (INDX) Summit will be rebranded as the Fintech Alliance Manila Tech Summit in 2024 to reflect the evolving landscape of digital innovation across industries.
Villanueva announced the organization’s ambition to accelerate its journey towards becoming a regional powerhouse by aiming to be recognized as a self-regulating organization in Association of Southeast Asian Nations by 2025. “We aspire not only to be a name but a symbol of empowerment and responsibility.”