Digido has partnered with PalawanPay, the digital wallet of Palawan Group of Companies, to integrate its lending services directly into the app, allowing users to take out and repay loans seamlessly.
Several companies led by tycoon Manuel V. Pangilinan are merging their digital finance efforts, starting with the initial acquisition deals for their new entity, DigiCo, involving their payment-related units.
The share of digital payment transactions in the Philippines grew from 42.1% in 2022 to 52.8% in 2023, according to the latest report by the Bangko Sentral ng Pilipinas.