Financial inclusion in the Philippines continues to remain low even before the disruption caused by the novel coronavirus (COVID-19) pandemic. Financial inclusion, after all, involves more than just having a bank account. For the Philippines, inclusion means everyone has effective access to a wide range of financial products and services. Aside from savings, inclusion covers…
Digital banking is transforming the traditional financial landscape. There are now 249 digital challenger banking players globally, comprised of dynamic digital upstarts and transitioning legacy operators. The Philippines offers an attractive opportunity for this expanding market. The release of the Digital Banking Guidelines in April this year, swiftly followed by agreed licenses for Overseas Filipino…
Across Southeast Asia, the Philippines saw the largest increase in online shopping since the pandemic hit. The sector is expected to be worth by 2023. For e-commerce businesses in the Philippines, this means that there is a greater need to revamp retail strategies to accommodate the change in consumer buying habits as well as an…