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Stories Stories Business 'Philippines in best position for financial inclusion'

'Philippines in best position for financial inclusion'

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Written by Aldine      May 27, 2014    
 
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According to Driver, talks of inclusive growth in the Southeast Asia region will help broaden opportunities for low-income segments to gain access to financial services and products.

“The interesting thing here is that there is a lot of dialogue about inclusive growth. We look here in the Philippines, the Philippines is really in the best position of all these countries to start to do some really exciting stuff in this area,” he said in an interview on ANC’s “Inside Business.”

" World beyond plastic "

Driver said 2.5 billion people in the world are still “financially excluded,” defined as those who are “underserved or completely unbanked.”

“If they are able to get access to financial services, they are able to better provide for their families, and create more of a livelihood. Electronic financial services are a key part of being able to serve those customers with low cost solutions that can make a difference for them,” he said.

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Location

Epicentre
Makati,Philippines

Details

Author
Jon Carlos Rodriguez
Contributor's Comment
The Philippines is in the best position to develop electronic financial services for payment technology companies like Mastercard, its president for Southeast Asia Matthew Driver said.
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