Philippines - Fintech's impact on the Philippines economy
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The Philippines has one of the fastest-growing fintech sectors in the world. Fintech is driving rapid innovation and growth in the Philippines and has fueled the country's ambitions in creating a digital economy. This podcast will explore the impact of fintech on the Philippine economy, highlighting the benefits it has brought to consumers and businesses alike. It will also discuss some of the challenges facing fintech in the Philippines, and consider how these might be overcome in order to ensure continued growth and innovation in this important sector. About our guests John Paul V. De Leon John Paul V. De Leon is a partner of SyCip Salazar Hernandez & Gatmaitan (SyCipLaw). Mr. de Leon is a member of the firm’s Special Projects and Banking, Finance and Securities departments. He has a wide-ranging M&A and investments practice but specializes in real estate development and land, retail (including online retail), and media.  In the banking and finance sector, Mr. de Leon regularly advises banks and financial institutions in connection with cross-border foreign currency loans, bonds and debt securities transactions. Mr. De Leon advised foreign investors in their acquisition of a significant stake in a Philippine rural bank. He was also part of the team that handled the sale of 100% of the equity in a Philippine commercial bank. Mr. de Leon is also one of the firm’s lawyers in the forefront of its fintech practice. He has been part of M&A teams that have handled key transactions in this area including the investment of a significant PRC-based online/IT entity into the fintech companies of one of the Philippines’ major telecommunications companies.  He regularly advises companies engaged in money remittance, payment services, and e-money issuances, on various issues including Central Bank regulation, credit information and AMLA laws.  He and the firm’s fintech group also advise on blockchain technology-related services and cryptocurrency. Mr. de Leon is a “Next Generation Partner” for Real Estate and Construction in Legal 500’s 2021 and 2022 rankings.  Link to corporate profile: https://syciplaw.com/lawyers/partners/JPVDeLeon Rose Marie M. King-Dominguez Rose Marie is a partner of SyCip Salazar Hernandez & Gatmaitan (SyCipLaw). She is a TMT specialist and helps lead the firm’s TMT group. She handles M&A, investments and regulatory work. She acted for Comcast in its recent acquisition of Masergy, as well as for NomuPay in the purchase of Wirecard’s Philippine entity. In the 2022 auction of tower assets by the Philippines’ leading telecommunications operator, she was part of a team advising one of the bidders. She also acted for an international e-commerce and service group in an acquisition project targeting a leading provider of telemedicine. In last year’s offer by Globe Telecoms of an interest in its data center business, she assisted one of the bidders conducting due diligence and structuring review that required consultations with the telecoms regulator. She also assisted a data analytics and AI company in an acquisition of a Singapore-based e-commerce distribution business with a local presence. In 2020, she acted for a US-based private investment firm in its investment in a manufacturer of products for the electronic industry, with a branch in the Philippines.  Her M&A experience covers a range of industries from fintech (e.g., the investment by Ant Financial in Globe Telecom’s fintech business [GCash] and the investment by KKR and Tencent in PLDT/Smart’s fintech enterprise [Paymaya] to tobacco [JTI’s acquisition of Mighty] to healthcare [GIC’s investment in the Metro Pacific hospital group] including telehealth and pharma, to cement [structuring work for Lafarge Holcim]). She advises some of the most...
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