By Edielyn Mangol, Reporter Financial literacy has long been a missing piece in the journey of many Filipino students. While they are considered digital natives, most still lack the tools and guidance needed to make informed financial decisions early in life. To address this gap, GCash launched the GCash GMindset Bootcamps, a series of financial […]
In a significant step towards enhancing agricultural financing in the Philippines, the Bangko Sentral ng Pilipinas (BSP) Research Academy and the Department of Agriculture’s (DA) Agricultural Credit Policy Council (ACPC) unveiled the key findings of the 2022 Countryside Bank Survey (CBS) report. Photo shows (front row, 7th to 9th from left) Agricultural Credit Policy Council […]
Originally posted on The Fintech Times by Imran Vilcassim, Global Solutions Lead of Digital Platforms for BPC Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. A complex set of geographic and institutional barriers, including the fragmentation of Filipinos across over 7,000 islands, and […]
According to the Philippine Insurance Commission, insurance penetration in the Philippines remains remarkably low — way below its ASEAN neighbours like Thailand, which has 5 per cent, and Indonesia which recorded 2.72 per cent as of 2022. In fact, in 2023, insurance penetration in the Philippines was recorded at just 1.75 of the country’s gross […]
Cognizant of its mandate to maintain monetary stability and the convertibility of the peso as well as promoting price and financial stability that is conducive to balanced and sustainable economic growth, the Bangko Sentral ng Pilipinas (BSP) has continued to strengthen its ties with regional stakeholders. In line with this, the BSP recently conducted its […]
While remittances from Overseas Filipino Workers (OFWs) have become a vital lifeline for the Philippine economy, a new study by the Philippine Institute for Development Studies (PIDS) urges policymakers to look beyond remittances and address the complex social and emotional implications of labor migration. IMAGE CREDIT: https://www.historyextra.com/ Titled “Long-Term Effects of Labor Migration in the […]
MONEYBEES, a virtual asset service provider (VASP) specializing in over-the-counter crypto exchanges, has recently expanded its service outreach by tapping the jewellery appraisal industry, partnering with Willyn Villarica Jewelry to enable more Filipinos to conveniently buy and sell crypto using fiat. IMAGE CREDIT: https://www.linkedin.com/company/moneybees/ Located at Market! Market! in Taguig City, the branch has become […]
The Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines (BAIPHIL) formalized their long-standing partnership recently with the signing of a memorandum of understanding (MOU) last December 18 at the BSP Head Office in Manila. BSP Governor Eli M. Remolona, Jr. and BAIPHIL President Racquel B. Mañago shake hands after signing […]
The Bangko Sentral ng Pilipinas (BSP) today kicks off the 2023 Financial Education (Fin-Ed) Stakeholders Congress, themed “Unlocking Financial Freedom through Holistic Financial Empowerment,” at the SMX Convention Center in Pasay City. BSP Deputy Governor Bernadette Romulo-Puyat urges Fin-Ed stakeholders to move toward a future where financial empowerment is within everyone’s reach. “Together, we have […]
A recent survey shows that 68% of the younger workforce, the Gen Zs, believe access to credit is more important than ever for people to achieve their financial goals. However, lack of access to safe and affordable loans, combined with low financial literacy on how to maximize credit, are significant obstacles for Filipinos who want […]
