Financial Inclusion
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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RCBC’s DiskarTech App Rakes In PHP 11.8 Billion in Transactions a Year After Launch
Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech has booked a gross transaction value in excess of P11.8 billion a year after its launch in July last year. This total throughput value is an aggregate of both organic
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BSP, French Development Agency Sign PHP 41.3 Million Grant for Financial Inclusion Push
Bangko Sentral ng Pilipinas (BSP) and the Agence Française de Développement (AFD) signed a grant facility agreement of 700,000 Euros (around PHP 41.3 million) to support the Philippines’s financial inclusion drive, especially among rural and women-owned enterprises. This will fund
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Philippines Must Not Overlook Fraud Prevention in It’s Financial Inclusion Journey
Digital technologies and online platforms can help emerging markets advance financial inclusion by providing banking services to Gen Z’s, low-income households, and small businesses with typically little to no access to traditional financial institutions. But while unbanked populations can benefit
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Mambu Says 33 Million Filipinos With Digital Wallets Remain Formally Unbanked
A recent study of 2,000 global consumers by Mambu, the market-leading banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able
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RCBC’s ATM Go Rolls Out Cardless Withdrawal for Mobile POS Terminals
Rizal Commercial Banking Corporation’s (RCBC) ATM Go has enabled cardless withdrawal for mobile point-of-sale terminals (mPOS) as part of its financial inclusion efforts. Aside from the regular ATM services that requires a card, ATM Go can now process cardless withdrawals
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Ayannah Partners RCBC to Make Financial Inclusion Push
Ayannah a Filipino fintech startup that provides affordable and accessible digital financial services will be providing its open banking and omnichannel distribution platform to Rizal Commercial Banking Corporation (RCBC)’s mobile app Diskartech. With this partnership, Diskartech users will be able
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Experian Teams up With FinScore for Alternative Data Scoring in the Philippines
Experian, a consumer financial data service provider, has partnered with FinScore, an alternative credit scoring provider, to help financial institutions reduce high default rates and prevent fraudulent activity, whilst simultaneously bridging the financial inclusion gap for unbanked individuals in the
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FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring
UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.
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