50.4% of Filipinos Benefit From Financial Inclusion

50.4% of Filipinos benefit from financial inclusion

MANILA, Philippines — The proportion of Filipinos with financial accounts slightly fell in 2024 compared with three years ago, the World Bank (WB) Group reported, highlighting the challenges of onboarding the rest of the population to the formal financial system. In its Global Findex 2025 report, the Washington-based institution found that 50.2 percent of Filipinos

Network International Teams Up with Ghana’s Blu Penguin to Power Mobile Money on N-Genius Terminals

Network International, a leading digital payments provider in the Middle East and Africa, has partnered with Ghana-based fintech Blu Penguin to enable mobile money transactions on Network’s N-Genius™ point-of-sale terminals across Ghana. Why it matters This collaboration marks a major step toward expanding financial inclusion and enhancing digital payment accessibility in West Africa. Merchants using […] The post Network International Teams Up w…

Gates welcomes mobile money inclusion gains

Gates Foundation chair Bill Gates backed the power of connectivity in increasing financial inclusion, as World Bank Group credited mobile technology for its key role in boosting the number of adults in low- and middle-income countries (LMICs) making personal savings.   Discussing the results of the World Bank’s Global Findex 2025, a public database of indicators measuring people’s use of financial services which is backed by the Gates Foundation…

Mobile money fuels record growth in formal savings across developing economies

More adults in developing countries, including Nigeria, are saving money through formal financial channels than ever before, according to the World Bank’s Global Findex 2025 report, which attributes the trend to the rapid rise of mobile money and digital finance. The report, titled “Global Findex Database 2025: Financial Inclusion in the Digital Era”, reveals that 40% of adults in developing economies now save money using formal financial servic…