Philippines global financial inclusion ranking slips further

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic......»»

Category: financeSource: philstar philstarNov 25th, 2020

Philippines improves global ranking in digital, financial inclusion

MANILA, Philippines – The global ranking of the Philippines in providing digital and financial inclusion improved to sixth place this year from 15th last yea.....»»

Category: financeSource:  philstarRelated NewsAug 17th, 2016

UnionBank recieves with 2020 Model Bank Award for Financial Inclusion

UNION Bank of the Philippines (UnionBank) recently received the 2020 Model Bank for Financial Inclusion Award from renowned financial services research and advisory firm Celent, a division of global consulting firm Oliver Wyman, for the bank’s two fintech initiatives, promoting greater access to financial services. Now on its 13th year, the Celent Model Bank Awards […].....»»

Category: newsSource:  manilatimes_netRelated NewsApr 27th, 2020

The Int’l Banker Names BDO’s Tan, “CEO of the Year in Asia”

BDO Unibank, Inc.’s Nestor V. Tan, president and chief executive officer, was named the Banking CEO of the Year in Asia during The International Banker Awards 2019 while the bank was awarded as the Best in Innovation in Retail Banking in the Philippines. The global financial publication awards “top-ranking individuals and organizations that set new […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 22nd, 2020

PH’s financial inclusion ranking dips – report

DESPITE the government’s recognized efforts to improve it, the Philippines’ financial inclusion ranking dipped in the latest report of The Economist Group’s research arm. In its “Global Microscope 2019” report, the group’s Economist Intelligence Unit said the Philippines scored 71 out of 100 — same as India’s — one notch lower than last year’s 72. […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 18th, 2019

PH slips in Global Competitiveness Report; latest ranking a ‘disappointment’

The slip in the Philippines' ranking in the Global Competitiveness Index (GCI) 2016-2017 of the World Economic Forum (WEF) has been "disappointing" in spite of efforts to improve competitiveness, an official of the National Competitiveness Council (NCC) s.....»»

Category: newsSource: NewsSep 28th, 2016

PH mobile internet makes 14-notch jump in Speedtest Global Index

Ookla Speedtest Global Index just reported an impressive 14-notch jump in the Philippines’ ranking in mobile Internet connection speed......»»

Category: techSource:  thestandardRelated News11 hr. 8 min. ago

PH improves by 13 spots in global speedtest ranking

The Philippines' average speeds continue to improve, registering increases in December 2020 and besting 13 more countries at this time, according to the Speedtest® Global Index by Ookla®, the global leader in internet testing and analysis......»»

Category: techSource:  thestandardRelated NewsJan 21st, 2021

Communities go plastic-free, cashless with Plastic Bank, PayMaya

Global social enterprise Plastic Bank® has tapped digital financial services leader PayMaya to build more sustainable communities in the Philippines with cashless technology. .....»»

Category: techSource:  thestandardRelated NewsJan 15th, 2021

ING: No quick return to growth for Philippines

The Philippines may not quickly return to pre-pandemic growth as the global health crisis snapped the country’s 21-year growth streak with a gross domestic product contraction of 10.3 percent this year, according to Dutch financial giant ING Bank......»»

Category: newsSource:  philstarRelated NewsDec 21st, 2020

Nium, Cebuana Lhuillier launch Quikz in Singapore to expand remittance capabilities for Filipino users

Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, is now available in Singapore, made possible through a partnership between Cebuana Lhuillier and Nium, a global financial technology platform based in Singapore. Quikz will be powered by Nium’s trusted Remittance-as-a-service (RaaS) solution and Cebuana Lhuillier’s huge network of pay-out locations in the Philippines, allowing thousands of Filipinos based in Singapore to enjoy improved convenience, security, and real-time global transactions......»»

Category: techSource:  thestandardRelated NewsDec 16th, 2020

BSP tightens guard vs dirty money, terrorist financing

The Bangko Sentral ng Pilipinas has adopted a new money laundering and terrorist risk assessment framework for banks and other supervised financial institutions as part of efforts to avert the inclusion of the Philippines in the list of countries with massive sums of alleged dirty money by the Paris-based Financial Action Task Force......»»

Category: financeSource:  philstarRelated NewsNov 25th, 2020

UnionBank continues as a & ldquo;Most Helpful Bank in Asia Pacific during COVID-19 by digitizing more rural banks

Despite the unprecedented challenges brought by the pandemic, Union Bank of the Philippines (UnionBank) continues to push for more financial inclusion via UBX, its fintech spin-off.  .....»»

Category: techSource:  thestandardRelated NewsNov 24th, 2020

Best Bank in the Philippines in 2020

  BY ATTY. IGNACIO R. BUNYE     CONGRATULATIONS to the board and management of the Bank of the Philippine Islands (BPI), which was recently recognized as the Best Bank in the Philippines for 2020 by Euromoney, the prestigious global financial publication. Established in 1992, the Euromoney’s Awards for Excellence is the first of its […].....»»

Category: newsSource:  tempoRelated NewsNov 23rd, 2020

1st World Fintech Festival: Philippines as Asia s next big tech hub

The Philippines is set to showcase its best financial technology (fintech) practices to an international audience and cement its global digital footprint in the five-day virtual World Fintech Festival (WFF) on December 7-11......»»

Category: techSource:  thestandardRelated NewsNov 23rd, 2020

‘Biden presidency may be good for global trade’

Market analysts have offered mixed views on the possible impact of the still-uncertain outcome of the US presidential election on the Philippines moving forward. In a comment on Friday, Philstocks Financial Inc. research associate Claire Alviar said equity markets, including Asian ones, were cheering the strong showing of US President Donald Trump’s Democratic rival, former […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 8th, 2020

Financial education, technology are crucial in the new normal& mdash;Home Credit and CIC

As a developing economy, it is no surprise that the Philippines still has a long way to go when it comes to financial literacy. Just before the government imposed the enhanced community quarantine (ECQ) amidst the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) conducted its 2019 Financial Inclusion Survey (FIS), which revealed that Filipino adults could only answer 1 in 3 financial literacy questions correctly. Only a small number of respondents (8%) got all three questions correctly, while almost one-fourth (24%) obtained a zero score. .....»»

Category: techSource:  thestandardRelated NewsOct 21st, 2020

PH climbs 4 spots in global innovation ranking

The Philippines climbed 4 places in the Global Innovation Index to 50th among 131 economies in 2020 from 54th spot in 2019......»»

Category: financeSource:  thestandardRelated NewsSep 4th, 2020

PH Makes Top 50 on Global Innovation Index Rankings

Out of 130 economies, the Philippines is now on the 50th spot from the previous 73rd in 2018-2019 on the recent Global Innovation Index (GII) ranking. “In 2014, just six years ago, the country still ranked 100th. We consider this as major news because it can be considered as a testament that DOST’s efforts in […].....»»

Category: newsSource:  inquirerRelated NewsSep 3rd, 2020

GMA Network digital news portals boost global ranking

Delivering impressive numbers month after month, GMA Network’s online platforms GMA News and GMA Public Affairs remained as the Philippines’ top news outlets and further increased their respective worldwide rankings in July......»»

Category: lifestyleSource:  abscbnRelated NewsSep 2nd, 2020

ADB OKs $300-M loan to support financial inclusion reforms in Philippines

The Asian Development Bank announced Friday it approved a $300-million loan for the Philippines to boost the government's push to transform the country into a cash-lite economy......»»

Category: newsSource:  philstarRelated NewsAug 21st, 2020