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The Philippine Statistics Authority Partners With GoTyme to Offer Free Bank Accounts
The Philippine Statistics Authority (PSA) has partnered with GoTyme, a Filipino digital bank, to offer banking services to Filipinos who have successfully registered for their National ID.
Under this collaboration, individuals will be able to open bank accounts for free, with a focus on extending financial services to previously underserved or unbanked segments of the population. This initiative is primarily targeted at those who participate in mobile registration activities such as the PSA's PhilSys on Wheels, PhilSys on Boat, and house-to-house registration efforts.
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Building a Shared Understanding of Financial Abuse: What Have We Learned So Far?
Taking steps to address financial abuse offers an opportunity to better serve women. By applying a financial abuse lens, FSPs can better identify barriers that prevent women from fully utilizing financial services. This understanding paves the way for developing gender-responsive products that not only protect women from harm, but also expand access to underserved segments. In this blog, FinEquity's Swati Mehta Dhawan, shares how addressing this issue presents an opportunity for FSPs to reduce risks and create safer and more inclusive financial systems.
Combating Financial Abuse With a Vigorous Battle Plan
There are three key lessons we can apply from the Smart Campaign’s experience with consumer protection.
Magnifying the Power of Women’s Savings Groups
VisionFund has been exploring how formal loans to savings groups can help overcome capital constraints and improve members’ resilience.