BSP Echoes Calls of Senator Tulfo On “Zero” Financial Barriers
Recently, Senator and Lawmaker Erwin Tulfo made a call for ‘Zero Barriers’, sending an urge for financial inclusion among Filipinos. Senator Tulfo stated his view regarding attaining true financial inclusion, which should encompass borders of the mindset of just opening bank accounts, digital wallets, and starting digital banking applications. The correct vision should ensure accessibility of the general financial system from Filipinos interested. Making advocacies and programs […]
PDAX, RCBC Explore Tokenized Gold Access Through Digital Banking
Gold has long been viewed as a reliable store of value, especially by investors looking for an asset that can help preserve wealth over time. To many Filipinos, however, investing in physical gold can be difficult. Buying gold jewelry, coins, or bars often involves additional costs, concerns about authenticity, and the need to keep the asset in […]
BSP to Impose Stricter Standards for Bank Directors, Officers
Bangko Sentral ng Pilipinas released a draft circular on amendments to governance provisions for BSFIs, with stricter fit-and-proper requirements.
Removing Barriers to Digital Finance
As per Senator Erwin Tulfo, many Filipinos can be brought into the digital financial system not only by offering cheaper transaction costs, but also by providing a much easier way to enter, understand, and use digital financial services. Senator Tulfo emphasized that expanding digital financial inclusion in the Philippines requires more than simply lowering fees. Many Filipinos still […]
Open Finance: A Bill for Financial Access
House Bill No. 9149 is a bill that promises financial inclusion by way of easing the hurdle of accessing financial and transactional data for Filipinos. Currently, financial information is mostly kept locked within financial institutions; this reduces the person’s degree of securing loans, application to banks, among other, because of the opacity of their creditworthiness vis-a-vis records that are inaccessible. The bill opens […]