PLDT recently announced that its fintech arm will be offering financial services to unbanked Filipinos through a grassroots-based financial inclusion program called KasamaKA.

Aside from services such as insurance, investment and savings, the program will also offer lending through a digital lending platform called Lendr. The company says that this should help wean Filipinos off their dependency on usurious informal lenders.

Managing director Lito Villanueva said that FINTQ and Voyager Innovations will be intensively promoting the National Strategy for Financial Inclusion for the Bangko Sentral ng Pilipinas (BSP) and is aiming to include around 30 million Filipinos into the mainstream financial system by 2020.

Source: Inquirer

Leave a Comment

Your email address will not be published. Required fields are marked *