The COVID-19 crisis created conditions for digital finance to accelerate financial inclusion in the Philippines. Anecdotal and survey data suggest that the pandemic has indeed spurred large gains in financial inclusion in the country, with adoption of digital finance as a strong driver. This...

The U.S. financial markets faced an unprecedented rapid decline and recovery on May 6, 2010, known as the May 6 flash crash. Roughly one trillion $ market value in less than thirty minutes vanished with the biggest one-day point decline in the history of the DJIA at the time. Since the market...

The area of online investing is reshaping the financial industry through the emergence of numerous new providers with innovative concepts. This has led to new challenges for customers, such as how to assess the reliability and trustworthiness of the new providers and their offers. This...

The report begins by looking at the components of the digital economy in the Philippines to understand its current landscape. These include the physical infrastructure through which data is transmitted, the devices, software and the functionalities that these offer. This description proceeds to...

Digital technology applied to banking and financial transactions or e-finance in general has made financial services more widely available and affordable to consumers. And with appropriate and affordable technologies and applications, the financially excluded and the unserved can participate in...

This paper highlights the globally-important determinants of financial inclusion. The determinants identified in this paper are formal account ownership; demand for formal savings; demand for formal borrowing; financial literacy and education; debit and credit card usage; the need to receive...