Tala, the world’s leading digital lender for the unbanked, today celebrates its 6th anniversary in the Philippines. Over the past six years in the Philippines, the company has served millions of Filipinos, allowing them to gain access to much-needed credit and improving their lives. Tala marks its 6th year in the Philippines while reaffirming its […]
The Asian Development Bank (ADB) has approved a US$300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth. ADB is helping expand Filipinos’ access to financial services. (IMAGE […]
In an effort to further promote financial inclusion in the country, global digital payments platform Visa and local finance super app GCash have recently formalized an agreement that would provide unbanked Filipinos with access to and the advantages of a payment card. According to Jeff Navarro, country manager for the Philippines and Guam at Visa, […]
Partnership to provide consumers in the Philippines with more accessible financial solutions. Smile API, the provider of employment data for credit decisions and loan underwriting, has announced a data partnership with Atome, Southeast Asia’s leading digital consumer financing platform. Through this partnership, Smile API is hoping to help accelerate financial inclusion in the Philippines by strengthening […]
Last week, the 2023 Alliance for Financial Inclusion (AFI) Global Policy Forum issued a public declaration, aptly called the “Manila Manifesto,” which called on global financial standard-setting bodies to help make financial products and services more accessible, safe, and affordable for everyone. IMAGE CREDIT: https://www.afi-global.org/ The 2-day forum was jointly hosted by the AFI and the […]
With 1.4 billion people still excluded from the formal financial system, leaders of central banks, ministries of finance, as well as financial regulators from all over the world are now gathering in the Philippines to discuss how to make financial products and services safe, accessible, and affordable for all. About 700 delegates from over 70 […]
Digital-only bank CIMB Bank Philippines announced recently that it has teamed up with Visa to accelerate the growth of its debit card program through the use of Visa’s virtual and real cards. According to CIMB, the partnership will allow Visa, the world leader in payments technology, to gain more exposure from a new group of […]
A number of enterprises in the Philippines, especially small startup businesses, are now taking advantage of the unique benefits that Bitcoin and other forms of cryptocurrency can bring. According to Ethan Rose, the CEO of Pouch.ph, “One of the significant challenges now faced by small businesses is the limited availability of payment methods, with credit […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr. recently expressed concern about further “financial accidents” that may be brought on by the strong rate increases implemented by the US Federal Reserve to combat inflation. In a media advisory, the BSP chief said that the US central bank’s tightening cycle could result in more unpredictable […]
The Bangko Sentral ng Pilipinas (BSP) announced recently that it has successfully engaged with the Philippine Embassy in Riyadh, Kingdom of Saudi Arabia in promoting the BSP’s initiatives to develop Islamic banking and finance in the Philippines. BSP Assistant Governor Atty. Arifa A. Ala, Lead Advocate on Islamic Banking and Finance and also the Chairperson […]
