Providing access to the gatekeepers of the family’s finance: GCash empowers Filipino women to be included in the financial landscape

For Filipinos, mothers are considered to be their light of the homes. They provide direction, clarity in difficult situations, and they manage the everyday lives of the Filipino family.

Women also play as the gatekeepers of the finances of Filipino homes. Typical in the Philippines, the husbands give their salaries to the wives, who then distributes the total household earnings to the daily needs and occasional wants of each member of the family.

Given this, it comes at no surprise that women are much more included in the local financial landscape, according to data from the Bangko Sentral ng Pilipinas (BSP). Based on the latest central bank survey on financial inclusion, 38.9 percent of women in the Philippines have formal bank accounts, while only 30 percent of adult men hold savings accounts.

QR enables payment convenience

In today’s digital age, young consumers are steadily adopting the use of QR codes in banking transactions and as a payment option for the simplicity and convenience they offer.

Compared to using debit or credit cards, using QR codes to pay for products and services is faster, more secure and hassle-free. One simply needs to scan the code using a smart phone to initiate the payment transaction. Its faster and easier compared to taking out one’s card from the wallet, swiping it at the counter, and signing the charge slip.

Now, RCBC clients can experience the same level of convenience and security when they use the bank’s enhanced mobile banking app for cashless, fast and hassle-free bills payments and fund transfers by allowing users to enroll billers and beneficiaries and schedule recurring payments and transfers directly in the app.

Driving inclusive finance through mobile technology: Fintech leader GCash says PH making strides in promoting financial inclusion

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.

This 2020, Save Up to Level Up with PSBank

Each new year comes with the promise of a better future for many individuals and families. To most, it is the opportune time to achieve new goals, to upgrade standards of living, and to seize new, exciting opportunities.

PSBank, everyone’s “simpleng maaasahan” bank recognizes the importance of this period, marked by resolutions and commitments—and invites all to make a firm, positive decision to progress in the attainment of their aspirations, through the act of purposefully saving money.

Technology as success drivers for entrepreneurs this year

Franchise association sees Improvement, Integration and Innovation vital for SMEs this 2020

With the fast-paced evolution of technology in the lives of people and businesses around the world, some brands were able to adapt. Unfortunately, some were still left behind, particularly the Micro, Small and Medium-sized Entrepreneurs (MSMEs).

This is why the Association of Filipino Franchisers, Inc. (AFFI), the home of Filipino home-grown franchisers, believes that the 3 I’s—Improvement, Integration and Innovation—will be the name of the game for SMEs this year. Many MSMEs have to learn to fully embrace technology by integrating new systems that will help improve and innovate their business.

5 Ways You Can Handle Money Better This Year

New Year, new you. Every first month of the year calls for a fresh set of resolutions, money included. We all need a certain level of inspiration to craft up new rules for our finances, but their success boils down to our effort and dedication. Having trouble making your resolutions work for you? Read on below for your new money commandments and how to finally stick to them this 2020.

1. Be realistic.  

Targeting to pay off all your debts is good and all, but you need to be realistic to make it successful. When assessing the amount that you want to pay off for the year, make sure that you leave enough budget to support your regular lifestyle. You have a higher chance of making financial mistakes like overspending if you limit yourself too much, so try to find the perfect middle between achieving your financial goals and supporting your needs.

GCash champions financial inclusion with LGU tie-up

GCash, the leading mobile wallet in the Philippines, is helping thousands of students in Manila unlock the immense benefits of digital finance by empowering them with a mobile platform that provides unparalleled access to financial tools such as savings, credit, and even investments.

Through its partnership with the City Government of Manila, GCash is promoting financial inclusion in the Philippine capital by equipping 1,000 students under the scholarship program of the local government with GCash accounts.