Financial Inclusion
GCash Focuses on Hyper Localisation to Push Financial Inclusion Agenda
Philippines’ mobile wallet GCash is focusing on hyper localisation and partnerships with local government units (LGUs) to extend financial services to the countryside. To push its aim for financial inclusion, GCash will be using local dialects and employing more localised
Read More
Diokno Lauds RCBC’s Physical-Digital Banking Service Rollout for Filipinos
Finance Secretary Benjamin Diokno commended Rizal Commercial Banking Corporation’s (RCBC) development of the country’s first mobile human-assisted remote banking service that seeks to provide banking services to far-flung communities. The RCBC Moneybela Barangayan Banking is a physical-digital blended banking service
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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,
Read More