Opinion on Financial Services in Philippines

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Type Product title / description Pub Price
Expert View
Expert View

Number of millionaires in emerging Asian economies set to overtake Western Europe in 2013

According to Datamonitor statistics, the emerging Asia Pacific economies are set to have a greater number of millionaires than Western Europe by 2013. This largely results from the emergence of the Indian and Chinese economies, which have experienced significant export-driven growth. Internal demand is also becoming increasingly important, and is helping to increase the number of millionaires.

Published By Datamonitor
12 Mar 2012
Expert View
Expert View

The Philippines: huge potential for payments

Due to the geographic nature of the Philippines, it is currently very difficult for banks and retailers to reach every island in the nation. However, the emergence of online and mobile payment services will resolve the issue of cost, with payment providers set to benefit from the country's young population and accelerating economic growth.

Published By Datamonitor
04 Feb 2013

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