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Alliance for Financial Inclusion Philippines Conduct & Consumer Vulnerable customers ✓ 12 claims checked 20 Oct 2026

BSP Deputy Governor Calls for Shift from Financial Inclusion to Financial Health

Regulus briefing
2:50 · Alliance for Financial Inclusion · 19 Oct 2026

An opinion piece from Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat argues that access to financial products is not enough if people do not use, trust or understand them. She sets out concrete steps BSP has taken and plans, relevant to anyone tracking Philippine financial regulation or ASEAN-wide policy coordination.

  • The Philippines' National Strategy for Financial Inclusion will be revised into a National Strategy for Financial Health and Inclusion, with a core group developing a separate National Strategy for Financial Education.
  • BSP has removed all online gambling links from mobile banking services, e-wallets and digital marketplaces.
  • BSP revised bancassurance rules to increase the selection of insurers available to customers.
  • BSP has introduced a new annual financial health survey to measure financial well-being nationally.
  • As current ASEAN chair, the Philippines is advocating for a common regional financial health framework.

Executive summary

In an opinion piece published by the Alliance for Financial Inclusion, Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat argues that financial inclusion metrics alone do not capture whether financial services improve people's lives, and that financial health should be…

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Source documents

https://afi-global.org/opinion/inclusion-is-not-enough-why-financial-health-must-be-the-goal/?utm_source=rss&utm_medium=rss&utm_campaign=inclusion-is-not-enough-why-financial-health-must-be-the-goal
Published by Alliance for Financial Inclusion · 19 Oct 2026
Read by Regulus 20 Oct 2026 at 01:45 UTC
12 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing

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