ContextSpeech in Manila at the signing and launch of Project OFxPERA on digital finance for overseas workers; Bangko Sentral ng Pilipinas keeps prices stable and promotes financial inclusion.
Why it mattersThe Philippine governor positions digital retirement accounts as the entry point for open finance and long-term saving.
Problems raised
Few Filipinos save for retirement.
Uptake of the PERA retirement accounts is slow.
Financial services feel complex.
Solutions proposed
Make PERA the entry point to open finance.
Integrate saving and investing into a digital ecosystem.
Work with banks, asset managers and civil society.
