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Saturday, June 15, 2024
HomeWomen FinancialReport: From Money to Digital Wage Funds within the Philippines

Report: From Money to Digital Wage Funds within the Philippines


With help from the Australian Division of Overseas Affairs and Commerce and in partnership with the Worldwide Labour Group, Girls’s World Banking assessed the attention, use, and acceptance of digital wage funds amongst enterprises and staff within the Philippines. The Philippines’ thriving digital financial system and proliferation of latest digital options, coupled with the federal government’s push to drive digital funds and monetary inclusion, offers for large alternatives to deepen monetary inclusion within the nation. Notably within the wake of COVID-19, there was an increase in adoption of digital monetary companies, however distinctive obstacles and challenges stay, notably for low-income ladies.

The report discusses why it’s crucial to capitalize on this momentum to make sure wider adoption and utilization of digital funds, notably amongst low-income ladies, with a deal with digital wage funds for salaried staff.

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