Reposted from Digital Financial Services for Development blog. Originally appeared in the Zooz Industry Influencer and Q&A blog.
Of the 21 countries ranked in the 2015 Financial and Digital Inclusion Project (FDIP) Report and Scorecard, no countries in Asia placed in the top 5 in the overall ranking. However, all of the FDIP Asian countries have demonstrated progress within at least one of the four dimensions of the 2015 Scorecard: country commitment, mobile capacity, regulatory environment, and adoption of traditional and digital financial services.
I just got back from three days in Manila – first time I’ve been in several years. If you haven’t explored this market, you should – because there simply are not that many like it in the emerging world. The Philippines is largely English-speaking, 100 million strong (110 million if you count cell phone subscriptions), youthful, stable (relatively), and in love with consuming all things digital and Internet.
The use of digital financial services will continue to be one of the main drivers for financial inclusion in 2015. In the Alliance for Financial Inclusion (AFI) Network, we have noted quite a few interesting trends both on the technology side and the policy side that should have a direct impact on advancing financial inclusion through digital means this year.