WB: Over Half of Filipinos Now Have Financial Accounts

More than half of Filipino adults have financial accounts as of last year, down slightly from 2021, according to the World Bank.

- By Louella Desiderio

The Global Findex 2025 report released by the multilateral lender showed that 50 percent of adults in the Philippines had accounts at a bank, mobile money service provider, or other financial institution last year.

This figure is slightly lower than the 51 percent that had accounts in 2021, based on the previous edition of the Global Findex report.

By account type, 34 percent of Filipinos have a bank account last year, while 29 percent have a mobile money account.

About 33 percent have access to a digitally enabled account using a card or mobile phone.