Financial Inclusion
BSP Lauds the Government’s Move to Shift to Digital Payments
The Bangko Sentral ng Pilipinas (BSP) says the issuance of the executive order on the adoption of digital payments for government disbursements and collections is a welcome move. The executive order mandates all departments, agencies, and instrumentalities of the government,
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Fintech Takes Lion’s Share of Philippines Tech Funding for Second Consecutive Year
The Philippines’ fintech industry is blossoming on the back of surging funding activity, a conducive regulatory environment, and rapid adoption of digital financial services, a new report by the Boston Consulting Group (BCG) and Foxmont Capital Partners shows. In 2021,
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Fintech Alliance.PH Set to Bolster BSP’s New Financial Inclusion Strategy
The Fintech Alliance.PH remains committed to bolster the Philippines’ government bold moves to ensure more of the unbanked and underserved population will be onboarded into the formal financial system in the next six years. In a hybrid live and online
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BSP Aims to Meet Its Financial Inclusion Target by 2023 With New Blueprint
The Bangko Sentral ng Pilipinas (BSP) has rolled out an updated National Strategy for Financial Inclusion (NSFI) 2022-2028. The NSFI is a blueprint for broad-based growth and financial resilience, and shows the collective commitment of the government, private sector, and
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Gigacover Expands to the Philippines to Boost the Gig Workforce’s Financial Health
Singaporean financial health platform Gigacover announced its expansion into the Philippines to offer more inclusive insurance and healthcare options tailored for the local gig workforce in partnership with Etiqa and Aventus Medical. The company said that flexible and cost-effective group
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RCBC’s DiskarTech App Recorded Phenomenal Growth Rate Since Last Year
Rizal Commercial Banking Corporation (RCBC), with its flagship financial inclusion app DiskarTech, has reached a five-digit organic growth in partner deposits by end of October versus same period last year. DiskarTech’s partner deposits recorded a 69,526 % and 12,765 %
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Former Grab Execs Secure Funding for MSME Bookkeeping App Lista
Lista, a bookkeeping app for MSMEs based in the Philippines, has raised an undisclosed sum from oversubscribed round from 1982 Ventures, East Ventures, Saison Capital, Alternate Ventures, and other angel investors. The angel investors include former Grab Philippines’ President and
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Philippines’ Cantilan Bank Partners AFIN to Roll Out Mobile App for the Unbanked
Philippines rural bank Cantilan Bank (CANBNK) partnered the ASEAN Financial Innovation Network (AFIN) to launch its new mobile banking application “iCAN”. AFIN is a not-for-profit entity known for its open banking platform APIX and was established in 2018 by the
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PhilSys: Key Building Block for Greater Financial Inclusivity in the Philippines
In August 2018, President Rodrigo Duterte signed the Philippine Identification System Act into law to create a national identification system where a single official identification card will be issued to every citizen that combines various government-issued identification. Through the act,
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Fintech Alliance.PH Partners 10×1000 Tech to Roll Out Fintech Programme for Filipinos
Fintech training platform 10×1000 Tech for Inclusion launched its latest global Fintech Foundation Programme Flex, an online certificate programme with the goal to bridge digital skills gap to drive inclusion. Fintech Alliance.ph will collaborate with 10×1000 to recruit 100 learners,
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