Philippines Global Financial Inclusion Ranking Slips Further

Source: Philstar

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic.

Based on the 2020 Global Microscope of the Economist Intelligence Unit (EIU), overall ranking of the Philippines dropped to eighth with a financial inclusion score of 71 from fifth spot with a score of 69 last year.

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