This is a time when financial inclusion matters. We can no longer afford to merely discuss its ideals and virtues – we must act. The poor and most vulnerable in our society can’t afford to wait. They simply do not have the resources to survive prolonged economic inactivity.69% of this country do not have access to banking services. More than 23 million people live on less than 170 pesos a day. The statistics have long been alarming. We’ve tolerated them.
This means that even the well-intentioned businesses that hope to continue to pay their employees cannot. We still need to be able to deliver cash to individuals throughout the country who are under enhanced community quarantine. Digital banking and electronic wallets may be the answer but they are solutions whose widespread adoption is too late. Not enough merchants accept digital payments.
We are looking for partners to work with: businesses and financial institutions who need to move money or transform their business to match the new realities. Be it to pay employees or suppliers, or larger technology changes we’re here to help you “go digital”. We’ll help you get online and operational.
We are proud of the front-liners. Doctors, nurses and support staff who are serving the sick in hospitals. The individuals who are keeping our grocery stores open. We are proud of the Filipinos serving in hospitals abroad. Some have risen in notoriety with their service to national leaders. They all need our support. They are exercising leadership.
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