BSP-led group pushes better broadband services to boost financial inclusion

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MANILA, Philippines—A group of government agencies, led by the Bangko Sentral ng Pilipinas (BSP), is asking policymakers in the executive and legislative branches to help improve broadband services in the Philippines to bring in more “unbanked” citizens into the formal banking system.

 

In a statement, the BSP said Governor Benjamin Diokno recently convened a meeting of the Financial Inclusion Steering Committee (FISC) during which an agreement was reached to endorse legislative priorities aimed at enhancing digital and credit infrastructure in the country.

 

The FISC, the statement said, is endorsing to the Legislative-Executive Development Advisory Council (Leda…

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