Tag page - FINANCIAL INCLUSION

Open banking transforms the customer experience in ways that have never been before. Financial inclusion is rising. In 2017, 23 percent of Filipino adults had bank accounts. Fast forward to 2021, it jumped to 53 percent. The ideal is that people, regardless of net worth,...

Mobile e-wallet GCash has 40 million Filipino users todate and continues building its user base reach at least half of the population, or 50 million, for a more inclusive financial ecosystem to fast-track economic recovery. Our partnerships with the private sector have provided us with a wide...

The Bureau of Internal Revenue (BIR) has reported that 1.43 million or 99.5 percent of all the income tax returns filed (ITRs) during the last tax filing season were filed online.  In a report to the Secretary of Finance, the BIR said that only 7,139 returns were filed manually. This is clearly a...

From the standpoint of the Bangko Sentral ng Pilipinas (BSP), the current COVID-19 pandemic is a “most opportune teachable moment.” Despite disrupting the rhythm and tempo of Filipinos’ daily lives, the acceleration of digital transformation has also fast-tracked their ability to comprehend...

The Bangko Sentral ng Pilipinas (BSP)-led Financial Inclusion Steering Committee (FISC) is strongly urging the quick approval of the proposed Open Access in Data Transmission Act and the signing of an executive order (EO) for satellite-based internet connectivity to accelerate the country’s shift...