Digital lending platform Tala aims to increase its Philippine customer base by 38 percent, targeting 5 million informed borrowers by the end of 2026 from the current 3.6 million, general-manager Moritz Gastl said in a press briefing Wednesday.
“By the end of next year, I would like five million [Filipino customers] to be onboarded,” Gastl said during the official release of Tala’s latest Customer Barometer Report.
The report provided insights into how Filipino customers are coping with rising inflation and how digital financial services are helping bridge critical economic gaps.
The report revealed that 92 percent of Tala customers in the Philippines feel financial stress, slightly above the global average of 90 percent, with the rising cost of living and medical emergencies cited as the most common challenges.
It also noted that many Filipinos are resorting to strategies such a generating additional income at 52 percent, cutting back on expenses at 38 percent and taking out loans from digital lenders, at 27 percent.
