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ONLINE BANKING. Financial institutions observe that many Filipinos have changed their behavior positively amid the pandemic. Many of them are becoming financial literate as they tend to save more, use credits responsibly, and secure insurance for themselves and their family. (PNA photo by Kris Crismundo) MANILA - Many Filipinos have experienced drastic financial challenges since the onset of the coronavirus disease 2019 (Covid-19) pandemic as they lost their jobs or sources of income due to the early lockdowns. The pandemic also accelerated digitalization, making it easier for Filipinos to buy their needs and wants online through online shopping. But how does the Covid-19 pandemic really shape Filipinos savings, lending, and insurance behavior? CIMB Bank Philippines chief executive officer Vijay Manoharan said more Filipinos have embraced digital banking as they are doing all their banking activities through digital means. This as they avoid going out to lower the risk of contracting t

Allan tumbagaVijay manoharanEng teng wongBank philippinesPru life united kingdomLife united kingdomOnline banking financial institutions observe that many filipinos have changed their behavior positively amid the pandemic of them are becoming literate as they tend to save moreSe credits responsiblyNd secure insurance for themselves and their family pna photo by kris crismundo manila many filipinos have experienced drastic financial challenges since the onset of coronavirus disease 2019 covid 19 pandemic as they lost jobs or sources income due to early lockdowns also accelerated digitalizationAking it easier for filipinos to buy their needs and wants online through shopping but how does the covid 19 pandemic really shape savingsNd insurance behavior cimb bank philippines chief executive officer vijay manoharan said more filipinos have embraced digital banking as they are doing all their activities through means this avoid going out to lower the risk of contracting virus while financial institutions strengthen online presence quot in terms savingsHe savings patternNd their propensity to put money away has also sort of change significantlyS we also encourage and as teach our consumers the importance of saving starting to build deposit for them futureUot manoharan said duringa press conference on cimb 39s partnership with insurance firm pru life uk tuesday digital banks likeAnoharan said filipinos 39 access to lending has also improved during this pandemic quot on the side