MIL-OSI Economics: ADB to Help Empower Philippine Rural Banks through Digital Transformation foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
THE Asian Development Bank (ADB) announced it will give grants to rural banks to implement digital transformation solutions to catalyze financial inclusion, especially in underserved sectors in the country. In a statement, the ADB said the rural banks will receive grants that amount to a total of $655,000 (around P36.68…
IN the pursuit of economic growth and poverty alleviation, ensuring equal opportunities becomes a pivotal factor. The Bangko Sentral ng Pilipinas (BSP) has taken a significant step in this direction by introducing the National Strategy for Financial Inclusion 2022-2028, building upon the success of its predecessor, the 2015-2020 road map. This comprehensive plan transcends the mere expansion of financial services; it aspires to foster sustainable and inclusive economic growth throughout the nation.
Shoppers in public markets nationwide could soon enjoy free Wi-Fi connection to enable them to pay using their e-wallets, according to the Philippine Development Report (PDR). This is part of the government’s plan this year and next year to help facilitate the use of digital financial services, such as the…