TransUnion is encouraging businesses to envisage an information-powered recovery as the Philippines targets growth in an economy emerging from the impact of COVID-19. The global information and insights company said that by ensuring that a consumer’s creditworthiness is accurately represented, financial institutions can expand their services to the unbanked and underserved.
“Prior to the pandemic, financial inclusion in the Philippines had been increasing at pace. A greater volume of institutions sharing financial information had enabled more consumers to access a greater range of financial services and products,” said TransUnion Philippines President and CEO Pia Arellano in a press statement.(more…)