A Social Weather Stations (SWS) survey commissioned by the Bangko Sentral ng Pilipinas (BSP) shows 58 percent of Filipino adults owned formal financial accounts in the first quarter of 2026 — up from 5 percent in 2025 and 48 percent in early 2025. This growth was seen across all regions, income levels, and educational backgrounds, with about one-third of unbanked respondents sharing that another household member already has an account.
For businesses, higher account ownership means more opportunities for digital transactions, broader customer reach, and easier, faster payments. For households, having an account supports safer savings, better expense management, and improved financial security — key steps toward stronger financial health.
Breakdown shows 43 percent have e‑money accounts and 21 percent hold bank accounts. Main barriers cited by those without accounts include lack of funds, unemployment, and limited knowledge on how to open one.
BSP Governor Eli M. Remolona, Jr. vowed the central bank will keep expanding financial access through education campaigns and the Paleng‑QR Ph Plus program, which includes on‑site account opening. The findings also help refine policies and track how well financial inclusion programs work, while complementing earlier data showing rising financial literacy among Filipinos.
