Leveraging technology for digital finance has long been recognized by major think tanks and global, multilateral, and intergovernmental organizations as a catalyst in promoting inclusive finance especially in emerging markets like the Philippines.
Financial technology (fintech), according to studies conducted by the World Bank and Alliance for Financial Inclusion, plays a key role to providing access to the unbanked and underbanked, as it brings financial tools and instruments closer to those who need them the most.
China and India have been successful in improving the state of financial access in their countries through fintech players, and their citizens are now reaping the huge benefits of financial services today.
