'Mobile banking boosts fishers’ financial identities and savings' -- With a permanent bank account, fishers can now start to develop a financial identity through their savings transactions and be co

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Maria Dumpert
Maria Dumpert

'Mobile banking boosts fishers’ financial identities and savings' -- With a permanent bank account, fishers can now start to develop a financial identity through their savings transactions and be co

4 years ago

'Mobile banking boosts fishers’ financial identities and savings' -- With a permanent bank account, fishers can now start to develop a financial identity through their savings transactions and be counted as part of the formal banking sector. In the future, BPI-BanKo and Rare are planning to explore micro-insurance products for fishers, who often suffer the most when typhoons ravage their coastal communities and affect their livelihood. With extreme weather events posing bigger challenges for them, fishers could benefit from financial products that would help them adapt to climate change.