Report: Tencent, Ant Financial Entry to Boost Philippines Financial Services
By Lisbet Esmael
The entry of Chinese technology giants will propel mobile financial services (MFS) in the Philippines, a Fitch Group unit said.
In a report released on Wednesday, Fitch Solutions said looming competition between Tencent Holdings Ltd. and Ant Financial would bolster the local digital economy.
Photo courtesy of Bruce MacDonald.