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How MSMEs in the Philippines Are Quietly Reshaping Southeast Asia’s Digital Economy
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This story was originally published on HackerNoon at: https://hackernoon.com/how-msmes-in-the-philippines-are-quietly-reshaping-southeast-asias-digital-economy.
MSMEs in the Philippines serve as both local pillars for economic opportunity and catalysts for regional economic transformation.
Check more stories related to finance at: https://hackernoon.com/c/finance. You can also check exclusive content about #fintech, #digital-credit-history, #msme, #cross-border-payments, #msme-funding, #msmes-in-the-philippines, #crdph-system, #web3-adoption-philippines, and more.
This story was written by: @hughharsono. Learn more about this writer by checking @hughharsono's about page, and for more stories, please visit hackernoon.com.
The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), made a huge step in financial inclusion with its launch of the Credit Risk Database Philippines Web-based Scoring System. This automated platform is designed to help banks and lenders more efficiently evaluate Micro, Small, and Medium Enterprises (MSMEs) for potential loans. By leveraging technology to drive digital payments, support cross-border remittances, and integrate with Web3, the Philippines is positioning itself as a fintech leader in Southeast Asia.
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