The Philippine Statistics Authority (PSA) and Small Business Corporation (SBCorp) have partnered to incorporate National ID authentication services into SBCorp’s mobile app, aiming to simplify and secure the loan application process for micro, small, and medium enterprises (MSMEs).
Across all household outcome indicators, microfinance loan customers in the Southeast Asian region are seeing lower improvements in quality of life compared to clients hailing from other regions, mirrored in lower business outcomes with only 3% of respondents reporting an increase in workforce size.
The Philippines is one of three countries where Google will implement the additional requirements for developers of personal loan apps, the other two being India and Indonesia.
