Fintech rise depends on PH internet: EastWest CEO

Warren de Guzman, ABS-CBN News

Posted at Nov 24 2017 12:43 PM

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MANILA - Financial technology solutions are "inevitable" but will not take off in the Philippines unless internet speeds improve, EastWest Bank CEO Antonio Moncupa said Friday.

Part of the bank's spending plan includes using technology to improve customer experience, Moncupa told ANC.

Moncupa said there was "no intrinsic value to bitcoins" and that cryptocurrencies could be part of a bubble that is waiting to burst.