Saturday, July 13, 2024
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rural banks

9 PH rural banks get $655,000 ADB grants for digital transformation

Nine rural banks and a bank consortium have secured grants worth $655,000 from the Asian Development Bank (ADB) for the implementation of digital transformation solutions aimed at catalyzing financial inclusion.

Rural banks urged to embrace technology for electronic fund transfers

There are only 21 rural banks offering PesoNet and 11 offering InstaPay electronic fund transfer services.

Blockchain initiative seeks to link rural banks to PH financial system

Global blockchain firm ConsenSys has announced its partnership with UnionBank of the Philippines to establish the country?s first financial technology product based on Ethereum that can execute and settle domestic remittances to and from rural banks in the Philippines.
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