financial inclusion

#ThewRap: Things you need to know, July 13, 2018

Jul 13, 2018 - 12:38 PM

Here are the stories you shouldn't miss this Friday

52.8 million Filipinos don't have bank accounts

Jul 12, 2018 - 7:08 AM

They say they don’t have enough money for that, according to a Bangko Sentral ng Pilipinas survey

Majority of Filipinos still have no bank account – World Bank

May 06, 2018 - 9:00 PM

While the gap remains, the number of Filipino adults holding formal bank accounts is now higher, accelerated by mobile phones and the internet

[OPINION] It's time for more fintech in the Philippines

Apr 01, 2018 - 6:47 PM

Competition and innovation in finance are powerful forces for change and have the potential to benefit people across Southeast Asia

BSP lowers risk weighting for loans to boost MSMEs

Nov 03, 2017 - 4:32 PM

‘The policy intends to facilitate the increased flow of funds to MSMEs that will translate to the further growth of the sector and of the domestic economy,' says the Bangko Sentral ng Pilipinas

Digital small loans lending platform pera247 launched in PH

Nov 01, 2017 - 7:41 PM

Pera 247 is a mobile app-based lending platform that provides micro-loans for up to 90 days to the country’s unbanked population without the need for collateral or existing credit history

#ThewRap: Things you need to know, October 26, 2017

Oct 26, 2017 - 11:15 AM

Hello! Here are the stories you shouldn't miss this Thursday.

Jack Ma optimistic PH could be world's best in fintech

Oct 25, 2017 - 8:45 PM

(UPDATED) 'The Philippines has the opportunity to develop the best fintech services in the world because you have so many mobile phones,' says the Chinese tycoon

Photo by Alecs Ongcal / Rappler

Globe's GCash partners with Hong Kong-based EMQ for remittances

Sep 04, 2017 - 8:50 PM

With the partnership EMQ users can now send funds to GCash account holders

BPI launches microfinance bank to target underserved entrepreneurs

Jul 25, 2017 - 7:55 PM

The new microfinance subsidiary called BPI Direct BanKo has a network of 24 branches across the country with 100 branches targeted by the end of 2017

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Loans for MSMEs rise to P459.48 billion in Q1 2016

Jul 18, 2016 - 9:30 PM

Despite the increase total loans for MSMEs still fall slightly short of the 10 target set by the government

Global investment firm TPG Growth takes 40% stake in BDO unit ONB

Jun 20, 2016 - 2:15 PM

TPG Growth an early backer of Uber and Airbnb has a track record of helping mid level firms grow

Aquino signs law creating financial inclusion committee

Jun 15, 2016 - 2:50 PM

The Financial Inclusion Steering Committee s tall order is to provide more people especially those in far flung areas access to financial services

FINANCIAL INCLUSION. President Benigno Aquino III signs Executive Order No. 208 to institutionalize the Financial Inclusion Steering Committee (FISC). Aquino photo by Joseph Vidal/Malacanang Photo Bureau

Sun Life, 8990 Holdings tie up to boost financial literacy

Jun 01, 2016 - 8:30 PM

The level of financial literacy in the Philippines remains low leading the two firms to collaborate to raise awareness and widen their customer bases in the process

How drones can be a force for progress

May 30, 2016 - 1:15 PM

Meet the team behind Skyeye – environmental scientists and sociologists convinced that drones are the best answer to the country s land titling and mapping woes

Photo by Skyeye

National ID to benefit unemployed, unbanked Filipinos

May 24, 2016 - 7:07 PM

The majority of unbanked Filipinos are unemployed A national ID would remove a key barrier to opening a bank account that would allow them to fully enjoy financial technology

Microfinance loans hit P11.3B in 2015 – BSP

May 17, 2016 - 5:40 PM

The Bangko Sentral ng Pilipinas cites better coordination among banks government agencies and the private sector for the surge in microfinance loans

Agency banking: Bringing financial services to rural areas

Feb 15, 2016 - 12:00 PM

Agency banking is sweeping across Africa and Latin America Can it revolutionize rural finance in the Philippines?

BSP expands scope of micro-banking offices

Jan 05, 2016 - 6:46 PM

11 of 19 previously unbanked municipalities in the country gained banking presence because of micro banking offices the Bangko Sentral ng Pilipinas says

EXPANDED SCOPE. Under the new issuance, micro-banking offices would now be allowed to complete the process of account opening from application up to the acceptance of initial deposit, provided that the necessary controls are in place, the Bangko Sentral ng Pilipinas says Tuesday, January 5.

Asia to be 'world laboratory' for financial inclusion

Oct 27, 2015 - 9:00 PM

And the Philippines can lead the way with the rise of e commerce says an expert

23M adult Filipinos run out of money for basic necessities – survey

Oct 21, 2015 - 7:00 PM

Among the households that reported they run short of money for basic necessities 94 borrow to cover costs a new World Bank survey shows

PUSHING AWARENESS. The World Bank's Nataliya Mylenko says that even simple measures like taking note of interest rates can go a long way in saving for the future. Photo by Chris Schnabel / Rappler

PH places 15th in US think tank's financial inclusion report

Aug 25, 2015 - 6:31 PM

The 2015 Brookings report and scorecard commends the country in areas it effectively provides access to a wide range of financial services for all Filipinos

Support electronic retail payment, BSP urges

Aug 03, 2015 - 7:00 PM

The BSP governor urges banks institutions to support ERPs system to boost savings and expand reach of financial services to more Filipinos

VISA pushes for financial inclusion in PH

May 07, 2015 - 5:24 PM

‘Simply providing people with an account is insufficient They have to be using it ’ says Stephen Kehoe VISA senior vice president and head of global inclusion

More poor Filipinos own financial accounts – BSP

Apr 28, 2015 - 6:32 PM

Citing the latest World Bank Global Findex report BSP says over 3 million new formal financial accounts were opened in the country from 2011 to 2014

Low income households, small businesses priority for financial inclusion

Mar 03, 2015 - 7:30 PM

While the country is hailed as 3rd globally with the “most conducive environment for financial inclusion ” access to finance though is still considered a major hurdle for MSMEs

PH 1st in financial inclusion in Asia, 3rd in world

Dec 05, 2014 - 2:02 PM

The Economic Intelligence Unit says the Philippines benefits from having a highly capable regulator optimal credit regulation and effective dispute resolution

Financial inclusion: Cornerstone of sustainable growth in Asia

May 16, 2014 - 5:15 PM

Only when we see the poorest members of urban and rural societies adopt financial services can we claim any success in creating a better and more inclusive world

Local bank helps IPs, CCT recipients save

Dec 09, 2012 - 4:34 PM

A Surigao based local bank Cantilan Bank Inc is now doing what most banks would deem crazy: convert the unbanked poor and indigenous peoples into saving communities