IFC and Philippine Central Bank Pave the Way for Banking Transformation With Launch of Open Finance PH Pilot
This initiative aims to help the unbanked—particularly those who lack documentation—build a financial profile and credit history and, over time, access loans and other services that were once out of reach.
Visa and Oxfam America to Explore Bringing Pre-Disaster Financial Support to the Philippines, Kenya, Colombia, and Puerto Rico
Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.
GCash and Mayani Join Forces to Boost Financial Inclusion in Philippine Agriculture
Finance super app GCash has entered the agrifintech sector through a partnership with Mayani, an agri-fisheries platform connecting smallholder farmers and fishers to buyers.
$300 Million ADB Loan to Boost Philippines’ Financial Inclusion Goals
The Asian Development Bank has approved a $300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand access to financial services.
World Bank Lending $600 Million to Philippines to Support Financial Sector Resiliency
The loan aims to strengthen the financial sector’s stability, integrity, and resilience; expand financial inclusion especially for MSMEs; and help climate and disaster risk finance.
Open Finance Self-Assessment Tool and Development Roadmap
This technical guide introduces the open finance self-assessment tool and development roadmap. It provides practical tools for policymakers to use to decide whether to implement an open finance regime to advance financial inclusion.
Philippines: Community Bank Champions Women’s Empowerment Through Financial Inclusion
Since adopting the UN Sustainable Development Goals as part of its sustainability framework in 2010, BDO has reported that 66 percent of its micro, small, and medium enterprises clients for BDONB are women-owned as of 2022.