More Filipinos saving up, says BSP; number of accounts surged 51% in Q1
The opening of “low-cost, no-frills” bank accounts in the Philippines has risen substantially with the help of the central bank’s aggressive campaign to draw more Filipinos into the formal financial system, according to the agency. In a statement, the Bangko Sentral ng Pilipinas’ said that the number of basic deposit accounts in the first quarter…
