Within reach - how digitalization boosts financial inclusion in the Philippines

27 March 2023 · Felipe M Medalla, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: technology, ai and cyber risk

27 Mar 2023 · Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiWithin reach - how digitalization boosts financial inclusion in the Philippines

ContextSpeech on digital finance and inclusion in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and promotes access to financial services.

Why it mattersMedalla presents digital tools as a route to wider access.

Problems raised

Financial inclusion is incomplete.
Digital financial literacy is low.
Many people lack access to finance.

Solutions proposed

Use digitalisation to boost inclusion.
Strengthen digital financial literacy.
Cooperate within ASEAN.

Read full speech on bis.org ↗

More speeches by Felipe M Medalla

Beyond just a bellwether - the capital markets as catalyst for dynamic and inclusive economic growth · Felipe M Medalla (BSP), 28 May 2023
Chronicling the evolution of Philippine banking laws · Felipe M Medalla (BSP), 25 May 2023
Approaching and taking stock of systemic risk issues from a regional perspective · Felipe M Medalla (BSP), 16 May 2023
Preserving price and financial stability in the Philippines · Felipe M Medalla (BSP), 11 Apr 2023

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