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BSP check shows most Filipinos unbanked

MAJORITY of Filipinos still did not have bank accounts as of 2017 due to lack of funds to meet required minimum balances, a study of the Bangko Sentral ng Pilipinas (BSP) showed.

Financial inclusion, digitalization to create more jobs in banking sector: BAP

The Bankers Association of the Philippines (BAP) expects the banking sector to provide more jobs amid financial inclusion push and digital transformation. In a statement...

Which regions have the most banks?

By Mark T. Amoguis, Research By the end of 2016, the Philippines had 11,129 bank offices, comprising of 602 head offices and 10,527 other offices. At that...

BPI looks to ramp up digitalization efforts

BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.

Targeting unbanked Mindanaoans

By Melissa Luz T. Lopez Senior Reporter EFFORTS by the administration of President Rodrigo R. Duterte to make economic growth more inclusive extend to the financial...

Financial technology firms form industry group

FINANCIAL TECHNOLOGY (fintech) firms have grouped up to push innovation and promote inclusive growth. On Sept. 27, fintech players established FintechAlliance.ph, an industry group composed...