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Business > Top Business
41M unbanked get into financial system
By Mayvelin U. Caraballo
Feb 17, 2022 12:19 am

THE Bangko Sentral ng Pilipinas (BSP) said it is likely that 41 million adult Filipinos who are unbanked have already been onboarded in the financial system.

Based on the increase in the number of basic deposit accounts (BDAs) and active electronic-money or e-money accounts, BSP Governor Benjamin Diokno said in a virtual briefing on Wednesday that the central bank estimates that around 20 million unbanked adults have been onboarded to the financial system from 2020 to the third quarter of 2021.

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