The BSP’s 2025 Consumer Finance and Inclusion Survey found that around 48% of Filipino adults could cover at least one month of living expenses without borrowing. The findings also point to gaps in financial knowledge, account ownership, and household financial resilience.
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Finance Secretary Frederick Go wants international remittance fees lowered to around 2%, aiming to help OFWs send more money home as August remittances dip.
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The Credit Information Corporation remitted ₱169.64 million in dividends after generating ₱459.37 million in 2025 revenue and recording a record number of credit reports.
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PSA data shows 12.8% of Filipinos were multidimensionally poor in 2024, reflecting challenges in education, housing, health, employment, and basic services beyond income.
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More than 1,000 Southern Leyte students joined a financial literacy initiative that also helped 528 students open transaction accounts with formal financial institutions.
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The BSP says lower digital transfer fees could encourage financial inclusion, while other barriers such as connectivity, maintaining balances, and financial literacy also need to be addressed.
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BPI will permanently waive InstaPay and PESONet transfer fees across its digital platforms starting July 1, benefiting millions of customers.
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Finance Secretary Frederick Go welcomed BPI and RCBC's fee-free transfer initiatives and expressed hope that more digital transactions will eventually become free.
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The ASEAN Tech Summit Manila 2026 will bring policymakers, regulators, and fintech leaders together in Pasay to discuss digital trade, payments, AI, and financial inclusion.
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KasKasan Buddies breaks down the biggest announcements from ASEAN Tech Summit Manila 2026, from DEFA and digital payments to scams, AI, and financial inclusion.
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