Philippines Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q2 2024 Update

Philippines Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q2 2024 Update

According to PayNXT360, the embedded finance industry in the country is expected to grow by 22.7% annually to reach US$1,622.6 million in 2024.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 35.0% from 2024 to 2029. The country's embedded finance revenues will increase from US$1,622.6 million in 2024 to reach US$7,285.0 million by 2029.

The embedded finance sector in the Philippines is on a promising growth trajectory, driven by increasing digital adoption, strategic partnerships, and supportive regulatory changes. Over the past few months, key innovations and product launches have played a crucial role in expanding financial access, particularly for underserved populations. As businesses continue to leverage embedded solutions, the sector is expected to play a vital role in addressing financial inclusion challenges, contributing to broader economic goals like the digital transformation of payments.

Looking ahead, sustained momentum, fueled by further innovations and a supportive regulatory environment, is set to reinforce the embedded finance landscape. With upcoming developments like ADVANCE.AI’s credit bureau launch and the implementation of regulatory sandbox initiatives, the sector is poised for even greater impact. These advancements will not only enhance competition in financial services but also drive more inclusive access to financial tools, marking a significant step toward a more robust and digitally integrated financial ecosystem in the Philippines.

Product Launches and Innovations

In the past few months, the Philippines has witnessed several key product launches in the embedded finance sector. These launches, such as UNOBank's partnership with Trusting Social to provide AI-driven lending solutions, have significantly enhanced credit access for underserved consumers. Similarly, companies like PayMaya have introduced new features that integrate payment solutions directly into e-commerce platforms, facilitating smoother user transactions. These impressive launches demonstrate the rapid progress in the sector.

The upcoming launch of ADVANCE.AI's new credit bureau is anticipated to further strengthen the embedded finance landscape by improving credit assessments and fostering greater financial inclusion. As these innovations unfold, they are expected to drive competitive dynamics in the financial services market, enabling more businesses to leverage embedded finance solutions effectively.

Companies like PayMaya have introduced new features integrating payment solutions directly into e-commerce platforms, facilitating smoother user transactions. The upcoming launch of ADVANCE.AI's new credit bureau is anticipated to further strengthen the embedded finance landscape by improving credit assessments and fostering greater financial inclusion.

Strategic Partnerships

UNOBank has expanded its offerings by partnering with Trusting Social to provide AI-driven lending solutions, enhancing credit access for underserved consumers.
These partnerships and innovations are expected to drive competitive dynamics in the financial services market, enabling more businesses to leverage embedded finance solutions effectively and contribute to the Philippines' goal of shifting half of its retail payments to digital by the end of 2023.

Regulatory Changes

The Securities and Exchange Commission (SEC) has introduced a draft regulatory sandbox framework, allowing fintech companies to test innovative financial products in a controlled environment. This framework is designed to support the growth of new financial services while ensuring consumer protection. Additionally, the Insurance Commission has issued guidelines for a regulatory sandbox that enables licensed insurance providers to experiment with technological innovations, further promoting the integration of fintech solutions in the insurance sector.

Moreover, the Bangko Sentral ng Pilipinas (BSP) continues to advance its strategy for open finance, encouraging collaboration between traditional banks and fintechs to expand access to financial services. These initiatives, along with the significant regulatory developments in the embedded finance sector, collectively reflect a commitment to creating a more robust and inclusive financial ecosystem in the Philippines. The active role of regulatory bodies should reassure the audience about the stability and growth of the sector.

This report offers a comprehensive, data-centric analysis of the embedded finance industry. It covers lending, insurance, payment, wealth and asset-based finance sectors and provides a detailed breakdown of market opportunities and risks across various sectors. With over 75+ KPIs at the country level, this report ensures a thorough understanding of embedded finance market dynamics, market size, and forecast.

It breaks down market opportunities by type of business model, consumer segment, and distribution model. In addition, it provides detailed information across various segments in each sector of embedded finance. KPI revenue helps in getting an in-depth understanding of end market dynamics.

PayNXT360's research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.

Scope

This report provides in-depth, data-centric analysis of Embedded Finance industry in Philippines. Below is a summary of key market segments:

Philippines Embedded Finance Market Size and Forecast

• Embedded Finance by Key Sectors
Retail
Logistics
Telecommunications
Manufacturing
Consumer Health
Others

• Embedded Finance by Business Model
Platforms
Enabler
Regulatory Entity

• Embedded Finance by Distribution Model
Own Platforms
Third Party Platforms

Philippines Embedded Insurance Market Size and Forecast

• Embedded Insurance by Industry
Embedded Insurance in Consumer Products
Embedded Insurance in Travel & Hospitality
Embedded Insurance in Automotive
Embedded Insurance in Healthcare
Embedded Insurance in Real Estate
Embedded Insurance in Transport & Logistics
Embedded Insurance in Others

• Embedded Insurance by Consumer Segments
B2B
B2C

• Embedded Insurance by Type of Offering
Embedded Insurance in Product Segment
Embedded Insurance in Service Segment

Embedded Insurance by Business Model
Platforms
Enabler
Regulatory Entity

• Embedded Insurance by Distribution Model
Own Platforms
Third Party Platforms

• Embedded Insurance by Distribution Channel
Embedded Sales
Bancassurance
Broker’s/IFA’s
Tied Agents

• Embedded Insurance by Insurance Type
Embedded Insurance in Life Segment
Embedded Insurance in Non-Life Segment

• Embedded Insurance in Non-Life Segment
Motor Vehicle
Fire and Property
Accident and Health
General Liability
Marine, Aviation and other Transport
Other

Philippines Embedded Lending Market Size and Forecast

• Embedded Lending by Consumer Segments
Business Lending
Retail Lending

• Embedded Lending by B2B Sectors
Embedded Lending in Retail & Consumer Goods
Embedded Lending in IT & Software Services
Embedded Lending in Media, Entertainment & Leisure
Embedded Lending in Manufacturing & Distribution
Embedded Lending in Real Estate
Embedded Lending in Other

• Embedded Lending by B2C Sectors
Embedded Lending in Retail Shopping
Embedded Lending in Home Improvement
Embedded Lending in Leisure & Entertainment
Embedded Lending in Healthcare and Wellness
Embedded Lending in Other

• Embedded Lending by Type
BNPL Lending
POS Lending
Personal Loans

• Embedded Lending by Business Model
Platforms
Enabler
Regulatory Entity

• Embedded Lending by Distribution Model
Own Platforms
Third Party Platforms

Philippines Embedded Payment Market Size and Forecast

• Embedded Payment by Consumer Segments
B2B
B2C

• Embedded Payment by End-Use Sector
Embedded Payment in Retail & Consumer Goods
Embedded Payment in Digital Products & Services
Embedded Payment in Utility Bill Payment
Embedded Payment in Travel & Hospitality
Embedded Payment in Leisure & Entertainment
Embedded Payment in Health & Wellness
Embedded Payment in Office Supplies & Equipment
Embedded Payment in Other

• Embedded Payment by Business Model
Platforms
Enabler
Regulatory Entity

• Embedded Payment by Distribution Model
Own Platforms
Third Party Platforms

Philippines Embedded Wealth Management Market Size and Forecast

Philippines Asset Based Finance Management Industry Market Size and Forecast
• Asset Based Finance by Type of Asset
Hard Assets
Soft Assets

• Asset Based Finance by End Users
SME’s
Large Enterprises

Reasons to buy

• In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).

• Insights into Opportunity by end-use sectors – Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.

• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.

• Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

•Get insights at segment level, by the distribution model and by business model in key embedded finance segments

•Insights into the asset based finance market size and by type of assets, by end users.