The Bangko Sentral ng Pilipinas (BSP), known globally as a leader in financial inclusion (FI) initiatives and programs, said it expects to achieve more in terms of advancing FI in the country through digitalization. The BSP recently released its...
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USAGE OF THE central bank’s InstaPay platform has surged sevenfold as of September from the initial volumes when the platform for real-time interbank transfers was launched earlier this year. Latest available data from the Bangko Sentral ng...
Read more THE PHILIPPINES remains Asia’s leader in financial inclusion due to policies supportive of wider banking access, the Brookings Institution said in a report, even as the country slipped a rung from its rank a year ago. The Philippines also...
Read more The Philippine banking system handed out P13.226 billion in microfinance loans as of end-March, surging by 23.1% from the P10.747 billion granted as of the first quarter of 2016, according to data from the Bangko Sentral ng Pilipinas (BSP). Banks...
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Almost 90 percent of cities and municipalities in the country have been reached by financial services as of last year, the central bank said, citing its progress in financial inclusion. “We are proud to say that by the end of 2016, close to 90...
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