Digital Banking in 2020: Is Philippines Ready?
Digital banking is not news to the banking and finance industry in the Philippines. However, the industry has been in wait-and-see mode when it comes to adopting the concept. Innovators, nonetheless, sees the market’s promise. Ere the outrage of COVID19, actors intend to push this innovation and establish a position in the Philippine market.
2020: The Future of Philippine Banking
As the impact of COVID19 on health and the economy continues to persist, key actors create ways in an attempt to sustain the country’s survivability. The central bank sees the exponential growth in digital transactions as an opportunity for the banking and finance sector to seize the hype and cater to the growing desire for digital payment solutions.
What Sparked the Emergence of Digital Banking
As we live in the computer age, the existence of online banking appears ordinary to us. Every major bank tailors a system that is capable of online access. The absence of such is almost unimaginable, especially these days. The evolution of digital technology presented an invaluable advantage to banks as it attempts to address the […]
Digital Banking: Bridging the Social Distance
The social distancing measures imposed to contain the spread of the global pandemic COVID19 pushed people to limit themselves from physical exchanges. The current scenario also puts restrictions on accessing necessities in which finances remain the lifeblood. Even so, the gradual shift into digital banking allows many banks and their clients to keep financial matters […]