BPI, DSWD to teach 4Ps beneficiaries how to save
The Bank of the Philippine Islands (BPI), through its social development arm, BPI Foundation (BPIF), has joined forces with the Department of Social Welfare and Development (DSWD) to unveil their groundbreaking Digital Financial Literacy initiative. During its pilot run, which commenced in February, the program targeted beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps).
The initiative, an embodiment of BPI Foundation’s commitment to “Kasama Lahat sa Pag-Unlad,” aims to equip 4Ps beneficiaries with essential knowledge and skills related to budgeting, saving, investing, and fostering responsible financial behavior.
Carmina Marquez, BPIF executive director, emphasized the transformative power of education, stating, “Through our partnership with DSWD, we aim to empower families with the essential knowledge and skills to effectively manage their finances and make informed financial decisions that will lead to long-term economic stability. This forms part of BPI’s vision to help build a better Philippines–one family, one community at a time.”
The pilot run of the Digital Financial Literacy program unfolded over one week in households located in Quezon City; Cagayan de Oro City; Guiuan, Eastern Samar; Bulan, Sorsogon; Iloilo City; and Esperanza, Agusan del Sur. The program is designed not merely as a post-event report but as a narrative, a story of transformation.
Turn goals into reality with Metrobank
Metrobank offers affordable Car and Home Loans under its “Goals Made Real” promo.
This promo offers low interest rates and waived fees of up to P50,000, plus other added perks such as free insurance and pre-qualification for credit cards. This is open to clients with complete car and home loan applications submitted between March 15 and May 15, 2024, as well as approved and booked loans by July 15, 2024 for car loans, and August 15, 2024 for home loans.
Metrobank makes it easier for customers to say yes to new road adventures as eligible car loan applications come with free first year insurance premium worth up to P50,000, waived fees of up to P10,000, and low interest rates. To make car ownership even more rewarding, qualified car loan clients are eligible to apply for a Metrobank Toyota Mastercard which offers a 3 percent rebate on fuel at select Petron stations nationwide, great dining deals, and shopping discounts.
Those ready to build their dream house can save up to P50,000 in fees that they can allocate for home improvement expenses. Approved home loan borrowers will not only enjoy the waived fees, but also low interest rates plus pre-qualification for various Metrobank credit cards (Metrobank Rewards Plus Visa, Metrobank Cashback Visa, or Metrobank Platinum Mastercard) that give them the best deals for their home furniture shopping and more!
UnaCash, MemoXpress introduce flexible payment solutions
UnaCash, an in-app and in-store financial solutions provider, is pleased to announce a strategic partnership with MemoXpress, a leading authorized retailer in the telecommunications industry in the Philippines with products available both online and in-store.
Through the agreement, customers can now avail flexible payment options from UnaCash through point-of-sale loans across 200 MemoXpress outlets. Through its in-app application process, UnaCash allows customers to shop now and pay later for purchases amounting up to P50,000, with easy installment terms extending up to 12 months. This requires only one valid ID and a downpayment ranging from 5% to 15% – all through the platform.
The rollout of the national partnership will commence in Metro Manila, and progressively extend in all MemoXpress outlets across various regions. With a commitment to expansion, UnaCash is now even more accessible in various areas in the Philippines, including Cebu, Iloilo, Pampanga, Palawan, Bicol, and more.
3rd Digital Financial Inclusion Awards launched
The Digital Financial Inclusion Awards (DFIA) returns on its third year to recognize the achievements in digital transformation of the country’s most outstanding microfinance institutions (MFIs) and microentrepreneurs.
The financial inclusion awards program is made possible by Citi Foundation, in partnership with the Microfinance Council of the Philippines, Inc. (MCPI) and supported by the Bangko ng Sentral ng Pilipinas (BSP).
More than just honoring the excellent efforts of MFIs to adopt digital transformation, the DFIA also aims to highlight efforts on expanding digital financial services to poor households by incorporating digital solutions in the products or services offered. It includes customer-centric solutions, business and technology agility, and product and service innovation, while inspiring other microentrepreneurs and MFIs to embark on their own digitalization journey leading to business growth and livelihood opportunities for many Filipinos.
The program launch was led by BSP Governor Eli M. Remolona Jr., MCPI chairperson Gilbert Maramba, Citi Philippines CEO Paul Favila, together with the first DFIA Digital Champion on Microentrepreneur Category, Phoebe Borce.
MFI winners will be chosen based on the types of adopteddigital solutions, measurable outcomes on digital solutions, and institutional/client benefits of digitalization. Meanwhile, microentrepreneurs will be nominated by the MFIs based on success stories, types of digital solutions used, and measurable results on digital solutions. Four MFIs and 15 microentrepreneur winners will be selected as digital champions for the third DFIA.
Celebrate your passion for music with FWD
In celebration of its 10th year anniversary, FWD Philippines recently launched The One for music lovers, an accessible insurance policy that starts at P330 available at the FWD Online Shop.
For a limited time only, policy holders of The One for music lovers who already purchased their tickets can upgrade to an Orange Ticket for free.
This means your Silver (Ph500), Gold (P1,000) or SVIP (P3,000) ticket can be amped up into an Orange Ticket for each tier and enjoy exclusive perks, such as: access to the Orange Lane; early entry; Ffree FWD merch and; more surprise benefits
