PH Fintechs Address ASEAN Tech Summit: Regulatory Balance Vital to Preserving Financial Access
The country's leading fintech executives urged policymakers to adopt balanced, future-ready regulations that protect consumers while enabling innovation, expanding financial inclusion, and supporting the continued growth of the digital economy. At a panel during the ASEAN Tech Summit, Barbie Dapul, General Manager for Consumer Business and Chief Operations Officer of G-Xchange (the mobile wallet operator of GCash); Maya Bank President Angelo Madrid; Alliance of Tech Innovators for Nation Lead Convenor Monchito Ibrahim; and Tala Director for External Affairs Arianne Ferrer talked about how regulations play a role in advancing the digital economy. "The goal should be a level playing field that will let the financial institutions compete on value, compete on innovation, on better security, and while ensuring also that pricing is fair and reasonable," Dapul explained. Madrid and Ferrer underscored the need for regulation that supports both consumers and the fintech industry,...