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.
Anju Patwardhan, group chief innovation officer, Standard Chartered Bank, believes blockchain could become a technology model for a low cost and transparent transaction infrastructure, an idea that regulators are also starting to acknowledge.
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.