Financial Inclusion Archives - Fintech News Philippines

Financial Inclusion

RCBC ATM Go Now Covers All 81 Provinces in the Philippines Through 1,400 Terminals

The Rizal Commercial Banking Corp’s (RCBC) community-based financial service ATM Go is now servicing all 81 provinces in the Philippines through over 1,400 ATM Go terminals and 1,000 partner merchants across the country. As of end August this year, ATM

Financial Inclusion Lending

Home Credit Philippines Expands Its Reach to Include More Sectors

Consumer finance company Home Credit Philippines (HCPH) announced that it has further expanded its services to several sectors to bring Filipinos closer to the lifestyle they want. Home Credit said that it will continue to find more opportunities to expand

Financial Inclusion

BSP Says More Than 50% Of Filipinos Now Own a Financial Account

The Bangko Sentral ng Pilipinas (BSP) reported that more than half of the country’s adult population now owns a financial account. The 2021 Financial Inclusion Survey (FIS) conducted by BSP showed that account ownership surged to 56 percent in 2021,

E-wallets Financial Inclusion

Filipino E-wallet GCash Reached 66 Million Users in June 2022

Philippines’ mobile wallet GCash has reached 66 million registered users as of June 2022 according to President and CEO Martha Sazon during the Mobile 360 Asia Pacific Fintech Summit held in Singapore. During the summit, Martha shared how collaborations with

Financial Inclusion

Philippines Gov’t to Accelerate Roll Out of PhilSys ID, Says Finance Secretary Diokno

Finance Secretary Benjamin Diokno said that the government will accelerate the rollout of the Philippine Identification System (PhilSys ID) to expand public access to financial products and services and achieve e-governance. Former President Rodrigo Duterte had previously issued an executive

Financial Inclusion

Philippines’ Post Office Partners With UBX to Drive Financial Inclusion

The Philippine Postal Corporation (Post Office) has partnered with UBX, a fintech unit created by the Union Bank of the Philippines, to launch a capacity development project which will allow the postal agency to offer financial services. Under the partnership,

Financial Inclusion

Philippines to Get Gov’t Agencies to Support National Financial Inclusion Strategy

The Malacañang palace, the official residence and principal workplace of the Philippines’ president, has approved a circular institutionalising the whole-of-government support for the implementation of the National Strategy for Financial Inclusion (NSFI 2022-2028). This also pushes for the adoption of

Financial Inclusion Payments

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,

Blockchain Digital Payments Editor's Pick Financial Inclusion Funding Philippines Virtual Banking

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,

Digital Payments Financial Inclusion

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