These Fintech Mavericks are set to Change the Way We Bank
Marathoner Albert Tinio and surfer Nate Clarke are suiting up to make banking more accessible through GoTyme Bank.
Data from the Bangko Sentral ng Pilipinas reveals that as of the 2nd quarter of 2021, there are 41 million Filipinos who are unbanked. This means that they do not use or don’t have access to traditional financial services such as savings or checking accounts and credit cards. There are still those who stash their cash at home. Their financial services such as loans and money transfers are met through institutions such as pawnshops, remittance centers, or even personal lenders. While the pandemic has introduced Pinoys to the convenience of e-wallet services, the usage is often limited to buying cell phone load or engaging money transfers for purchases.
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