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  • 26
    Jan

    Liberalization may boost PH banks consolidation

    The Philippines has taken the biggest steps among the Asean members toward banking-sector liberalization, which provides opportunities for further consolidation in the industry, Fitch Ratings and affiliate BMI Research said.   In a commentary released Tuesday, Fitch Ratings said member countries of the READ MORE
  • 14
    Jan

    86% of Pinoys have no bank deposits

    MANILA, Philippines - Most Philippine households or 86 percent don’t have bank accounts due to various reasons, including not having enough money to deposit and lack of trust in banks, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. The figure indicated only two of every 10 households deposited READ MORE
  • 04
    Jan

    What is Financial Inclusion and Why is it Important?

    An estimated 2 billion working-age adults – more than half of the world’s total adult population – do not have an account at a formal financial institution. Financial inclusion efforts seek to ensure that all households and businesses, regardless of income level, have access to and can effectively use the appropriate READ MORE
  • 22
    Dec

    Popular Fintech Companies in Philippines

    HSBC predicted that in 2050, Philippines will be the largest economy in South East Asia, 5th largest in Asia and 16th largest in the world. Despite being projected as a fast growing economy, the country is riddled with many issues within its financial service industry.  For instance, 69 percent of its adult READ MORE
  • 15
    Dec

    How innovation is driving Kenya financial inclusion

    No matter who tells it, the story of Kenya’s financial sector innovation over the past decade seems to always hinge around one key phrase: “test and learn.”   This phrase generally refers to the way in which financial service providers and regulators collaborated to allow for new products such READ MORE
  • 07
    Dec

    SPECIAL REPORT: The Impact of Finance on the Development of Micro, Small and Medium Enterprise (MSMEs) in Cambodia, Myanmar, Vietnam

    This Banking With the Poor Network discussion of supporting micro, small and medium enterprises (MSMEs) centered on (1) building systems to boost institutions’ confidence in lending to the sector; and (2) the non-financial needs of MSMEs.   Gerald Sun, Vice President, Head of Sales for Commercial READ MORE

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