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Significance
In August, the Commission on Elections (COMELEC) warned that online banking and electronic wallets -- the use of which has surged during the pandemic -- will be prime vehicles for digital vote-buying.
Impacts
Digital vote-buying will strengthen regional political clans, which are often the conduit for vote-buying in rural areas.
Foreign influencer campaigns could become more disruptive with digital vote-buying.
Fintech firms in fragile democracies could face tighter regulation on transparency and Know Your Customer rules.
Keywords:
INT,
Philippines,
International,
Cambodia,
Indonesia,
Kenya,
Malaysia,
Nigeria,
South-east Asia,
Thailand,
industry,
politics,
social,
crime,
election,
technology,
Diversified financial services
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
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