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API commits to deliver financial services closer to 'unbanked' entrepreneurs, consumers

APPLICATION program interface (API) economy, one of the emerging solutions that can provide financial access to the more than underserved Filipinos, including aspiring entrepreneurs and micro, small and medium enterprises (MSMEs) that lack funding and support to expand their businesses, is gaining ground in the Philippines. With over 71 percent…
Northern Samar The Philippines Mitchell Goh Bangko Sentral Rajan Uttamchandani Krishan Grover

Fintech democratizes financial services through technology

More than 71% of Filipinos remain unbanked and have zero access to financial services, based on the 2019 survey of the Bangko Sentral ng Pilipinas (BSP). This unbanked sector includes aspiring entrepreneurs and MSMEs resulting in their inability to secure funding and support to expand their business
Northern Samar The Philippines Mitchell Goh Todd Shweitzer Bangko Sentral Bettina Gayoso
Source: mb.com.ph

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