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News and Events

Php100 Initial Deposit and Zero Maintaining Balance: How the BSP Plans to Promote Banking Among the Masses

The so-called basic deposit account will also entail less stringent identification requirements

The Bangko Sentral ng Pilipinas (BSP) has released a new circular outlining its rules and regulations on basic deposit accounts, a type of savings account with less stringent requirements with the aim of making it more accessible to the 86 percent of ...

by Lorenzo Kyle Subido  | February 07, 2018 10:00:00
News and Events

'Sachet' Banking: Will Php20-Savings Accounts Reduce the 86% of PH Households That Are Unbanked?

The online platform from PLDT’s fintech unit will be available in over 1.2 million sari-sari stores

In the near future, neighborhood sari-sari stores will turn into bank tellers where people can deposit their hard-earned money in small installments.FINTQ, the financial technology unit of PLDT Inc., has begun rolling out microfinance products under the KasamaKA brand that gives banks ...

by Lorenzo Kyle Subido  | January 22, 2018 10:00:00
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