Basic bank accounts ballooned in third quarter 2023

MANILA, Philippines — More Filipinos opened low-cost basic deposit accounts (BDAs) in the third quarter of 2023, marking a significant progress in attaining the dream of Bangko Sentral ng Pilipinas to increase financial inclusion in the country. Latest data from the BSP showed a 175-percent surge in the number of BDAs, reaching 23.6 million in
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