Home Women Financial Report: From Money to Digital Wage Funds within the Philippines

Report: From Money to Digital Wage Funds within the Philippines

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Report: From Money to Digital Wage Funds within the Philippines

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With assist from the Australian Division of Overseas Affairs and Commerce and in partnership with the Worldwide Labour Group, Girls’s World Banking assessed the notice, use, and acceptance of digital wage funds amongst enterprises and employees within the Philippines. The Philippines’ thriving digital economic system and proliferation of latest digital options, coupled with the federal government’s push to drive digital funds and monetary inclusion, supplies for large alternatives to deepen monetary inclusion within the nation. Significantly within the wake of COVID-19, there was an increase in adoption of digital monetary providers, however distinctive obstacles and challenges stay, significantly for low-income girls.

The report discusses why it’s crucial to capitalize on this momentum to make sure wider adoption and utilization of digital funds, significantly amongst low-income girls, with a give attention to digital wage funds for salaried employees.

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