financial-inclusion | ABS-CBN News

World Bank lending $600-M to PH for financial resiliency

ABS-CBN News
Posted at Jan 31 09:16 PM

The World Bank on Tuesday said it is lending the Philippines $600 million to support the country’s financial sector and boost its pandemic recovery. Read more »

Credit card group welcomes hike in monthly charges

ABS-CBN News
Posted at Jan 23 02:10 PM

The Credit Card Association of the Philippines said on Monday it welcomes the decision of the Bangko Sentral ng Pilipinas to raise the ceiling on credit card monthly interest rates to 3 percent. Read more »

UN body bats for central bank digital currencies

Warren de Guzman, ABS-CBN News
Posted at Oct 26 08:41 PM

A UN body recommended on Wednesday that countries hasten the adoption of central bank digital currencies (CBDCs) to increase financial inclusion. Read more »

Global award named after late BSP Governor Espenilla

ABS-CBN News
Posted at Sep 22 12:52 PM

The Alliance for Financial Inclusion (AFI) has announced the inaugural "Nestor Espenilla Jr Financial inclusion Innovation Award." Read more »

Marcos: Digitalization is key in doing business in gov't

Job Manahan, ABS-CBN News
Posted at Sep 09 01:08 PM

Embracing the technological advances means the country must improve and boost its knowledge in software development, data analytics, artificial intelligence, and blockchain technologies, said Marcos. Read more »

Over half of Filipinos own financial transaction account: BSP survey

ABS-CBN News
Posted at Aug 22 05:15 PM

More than half of the country's adult population owns a financial account, data from the BSP 2021 Financial Inclusion Survey showed. Read more »

Gov't eyes digital payments in public markets, trike hubs

ABS-CBN News
Posted at Jun 24 11:31 AM

The central bank said it signed a deal with the interior department to bring digital payments to public markets and tricycle hubs. Read more »

Startup says its AI can help in financial inclusion

ABS-CBN News
Posted at Jun 17 10:40 AM

Advance.ai says they can also help in financial inclusion by generating a credit score for individuals using data that regular credit scoring systems don’t use. Read more »

Filipino artists seen to benefit from NFT art

Waren De Guzman, ABS-CBN News
Posted at Apr 28 12:55 PM

Non-fungible tokens or NFTs could provide Filipino artists with a new tool to create, store and sell art wherever they are in the country, stakeholders and enthusiasts said. Read more »

'Open finance, digitalization to boost financial inclusion'

ABS-CBN News
Posted at Feb 08 12:31 PM

Bangko Sentral ng Pilipinas’ digitalization efforts, with its open finance roadmap, could boost financial inclusion in the country and make transactions cheaper and secure, the CEO of open finance tech solutions firm Brankas Todd Schweitzer told ANC. Read more »

Congress passes measure to protect financial consumers

RG Cruz, ABS-CBN News
Posted at Feb 03 08:39 PM

Before adjourning, Congress approved the Financial Consumer Protection Act, which gives the central bank greater powers over financial institutions. Read more »

7.2 million unbanked open LANDBANK accounts in 2021

ABS-CBN News
Posted at Jan 24 03:32 PM

At least 7.2 million previously unbanked Filipino registrants of the national ID system were onboarded through LANDBANK as of the end of 2021. Read more »

Banked Filipinos hit 53 pct amid digitalization, pandemic

Wena Cos, ABS-CBN News
Posted at Dec 23 06:55 PM

The BSP's push for financial inclusion made big gains during the pandemic as the number of banked Filipinos hit 53 percent this year from just 29 percent in 2019. Read more »

GCash not keen having own digital bank

Art Fuentes, ABS-CBN News
Posted at Nov 15 08:54 PM

GCash said it has no plans of applying for a digital banking license like its main competitor as it prefers to remain a platform for other financial institutions. Read more »

Tala raises $145M to fund expansion plans

ABS-CBN News
Posted at Oct 22 01:46 PM

Financial technology firm Tala has raised a total of $145 million in funding which would be used for its expansion plans globally, its founder and CEO Shivani Siroya told ANC on Friday. Read more »

Satellite tech seen to boost financial inclusion: BSP

ABS-CBN News
Posted at Oct 14 11:49 AM

The Bangko Sentral ng Pilpinas said Thursday the implementing rules for the expanded access to satellite technology could accelerate financial inclusion and digital finance in the country. Read more »

Digitalization boosts PH financial inclusion

Warren De Guzman, ABS-CBN News
Posted at Sep 16 05:21 PM

There has been a “significant growth” in financial inclusion in the country driven by pandemic-fueled digitalization, the BSP chief says. Read more »

BSP, French Development Agency ink P41-M grant

ABS-CBN News
Posted at Sep 16 04:03 PM

In a statement, the BSP said it signed a grant facility agreement worth 700,000 Euros (around PHP 41.3 million) with the Agence Française de Développement (French Development Agency) to increase capacities for financial inclusion, especially among rural and women-owned enterprises. Read more »

BPI CEO wary of Delta variant but says 'worst is over' for banks

Bruce Rodriguez, ABS-CBN News
Posted at Aug 02 09:21 PM

The worst effects of the COVID-19 pandemic may be over for the Philippine banking sector, but the spread of the Delta variant still presents uncertainties, the head of Bank of the Philippine Islands said on Monday.    Read more »

PayMaya says users doubled to 38 million in 1.5 years

ABS-CBN News
Posted at Jul 06 07:08 PM

PayMaya doubled its users in the past 18 months to 38 million as it continues to expand its partnership with various government agencies and businesses, the company said on Tuesday. Read more »