Though we live in a digitized economy, institutions such as rural banks, cooperatives, thrift banks, and other non-banking institutions struggle to keep up. They remain disconnected from payment infrastructure that would otherwise benefit them and their customers. With the current situation, we need to help these institutions transform so that…

The COVID-19 pandemic affected millions of lives. This prompted many Filipinos to look for financial resources to help meet their needs. Fortunately, there are institutions like rural banks that can provide them the much needed financial assistance. As the frontliners for financial inclusion, rural banks serve the unbanked and underserved…

The lack of access to financial services is one of the major challenges to improving financial inclusion in the Philippines. With a population of 110.3 million, only 46.44 million have access while 63.86 million Filipinos still don’t have access.

The Philippines is a cash-heavy society. Despite available electronic payment (e-payment) channels, Filipinos still prefer traditional payment methods: over-the-counter (OTC) transactions and cash on delivery (COD). However, the COVID-19 pandemic has accelerated the growth of digital payments as a safer payment alternative to guarantee public safety. More Filipinos are adopting…

Despite the initiative for financial inclusion and digitalization in the Philippines, majority of Filipinos remain unbanked. Limited access to financial services also limits people’s access to financial resources. Resources they require to buy their needs.. …

The Philippines currently faces digital adoption challenges that limit digitalization in the country. Nearly 60% of Filipino households are unable to access digital solutions, having no choice but to rely on traditional means. Instead of safely transacting in their homes, Filipinos still have to visit banks and payment touch points…

The COVID-19 pandemic emphasized the role of agriculture in Philippine economy. When import and export grounded to a halt due to strict social distancing measures, it showed the need for the country to be self-sustainable. With this in mind, the government aimed to strengthen the agricultural sector. Reviving the agriculture…

Fintech plays an important role during the COVID-19 pandemic, helping the public meet their day-to-day needs in a safer way. …

Technology has shown a clear impact in businesses and in our daily lives, advancing various industries throughout the years. The financial industry is no exception with fintech companies emerging to provide innovative digital solutions. But how far have we gone in digitizing the financial sector in the last decade? Know more about the recent developments and learn how fintech helped advance the industry here!