“[…] Financial technology (fintech) firms are playing an important role in improving financial inclusion in the Philippines, where the number of unbanked areas remains high, according to an industry head.

[…] “The only thing that could actually address the problem [of unbanked Filipinos] are mobile devices because mobile devices in the Philippines are practically more than 100 million — more than the number of people in the Philippines,” the industry head added.”

Source: Unbanked Filipinos necessitate FinTech presence — IT guru