Friday, March 28, 2025
HONOR’s Most Affordable Smartphone? HONOR X5b to Launch on April 2
Dance Your Way to a Million Pesos with the #OPPOA5ProSnapAndSlay Dance Challenge
FIVE FACTS ABOUT WOMENS WELLNESS
Wednesday, March 26, 2025
Honoring Innovation Leaders in the 4th Digital Financial Inclusion Awards
With technology reshaping the financial landscape and bridging gaps in accessibility, the 4th Digital Financial Inclusion Awards (DFIA) have recently been launched. The awards program aims to recognize the outstanding contributions of microfinance institutions (MFIs) and microentrepreneurs advancing financial empowerment through digital innovation. Powered by Citi Foundation in partnership with the Microfinance Council of the Philippines, Inc. (MCPI) and supported by the Bangko Sentral ng Pilipinas (BSP), the DFIA serves as a platform to honor trailblazers of digital financial transformation.
The program launch was held at the BSP and was led by BSP Governor Eli Remolona Jr., MCPI Chairperson Gilbert Maramba, and Citi Philippines CEO Paul Favila, together with 3rd DFIA Microentrepreneur Digital Champion Mr. Teodoro Lamang, Jr. The awarding ceremony for the 4th DFIA will take place later this year on November 21.
“With the measures we’ve put in place, digital finance is becoming more secure, efficient, and inclusive. The entrepreneurs we will honor prove that going digital isn’t something to fear – it’s something to embrace,” said BSP Governor Remolona.
The DFIA will recognize MFIs that effectively incorporate digital innovations to provide inclusive and efficient financial services to underserved communities. The program will commend institutions and individuals demonstrating excellence in harnessing digital tools to improve customer experience, streamline operations, and develop groundbreaking financial solutions for microentrepreneurs. Nominees will be evaluated based on their digital adoption, measurable impact, and contributions to financial inclusion. This year, four MFIs and fifteen microentrepreneurs will be celebrated as digital trailblazers for their outstanding achievements.
Awardees will receive cash prizes of PHP100,000 and laptops to further strengthen their digital transformation initiatives. In line with MCPI’s broader efforts to advance financial inclusion, the program will also provide knowledge-sharing opportunities to help more MFIs adopt digital solutions effectively.
Meanwhile, Favila also reinforced Citi Foundation’s dedication to fostering financial inclusion through digital advancement, stating that, “At Citi, we are committed to doing our part to help advance economic opportunity and address social challenges. The Digital Financial Inclusion Awards is the perfect opportunity for this as we champion and recognize the efforts of our Filipino microentrepreneurs in ensuring their businesses are ready for the future.”
Noting the growing influence of digitalization in microfinance, Maramba said, “This underscores how technology has not only optimized institutional efficiency but also empowered countless microentrepreneurs to achieve financial stability.”
Citi Foundation remains committed to driving economic progress and enhancing financial well-being for low-income communities worldwide. The foundation prioritizes financial inclusion, youth employment opportunities, and economic development. MCPI represents 64 microfinance institutions encompassing 90 percent of the sector in the Philippines. Through advocacy, capacity-building, and network development, MCPI continues to champion financial inclusion and microenterprise development.
Friday, March 21, 2025
Ready for the Elements: The OPPO A5 Pro 5G is Equipped to Handle the Extremes
Thursday, March 20, 2025
Sakto at Abot-Kaya: Stay Cool this Summer with Home Credit’s Swakto Summer Deals
Wednesday, March 19, 2025
Collective Action in Motion: Championing Sustainability through the First-Ever GCash Eco Run in Manila
GCash, the leading financial super app and largest cashless ecosystem in the Philippines, is mounting its first-ever Eco Run on March 23, 2025, along Ayala Avenue, Makati City.
The GCash Eco Run is a fully eco-conscious and sustainability-centered event that brings the GForest digital eco-movement to the streets, to further the positive environmental impact established by Silliman University in the Negros region. Stakeholders, advocacy groups, eco-products merchants, and running enthusiasts will be gathering to showcase sustainable practices in action.
Each successful registration to the GCash Eco Run will enable the planting of one grey mangrove tree in Negros Occidental, a province gravely affected by climate change. To underscore its commitment to climate action and helping local communities.
“GForest is a platform that transforms digital trees into actual plants. With GCash Eco Run, we are expanding the digital eco-movement established by GForest and giving our Green Heroes more opportunities to come together,” says CJ Alegre, head of sustainability for GCash. “It is testament to the powerful community we have created at GCash, that we can go beyond digital platforms and collectively take significant, real-world steps forward to help local communities and protect essential ecosystems in Negros Occidental.”
Scaling the eco-movement, one tree at a time
Growing in coastal areas in Negros Occidental, the grey mangrove (Avicennia marina) plays a vital role in environmental conservation, as it protects shorelines from erosion, mitigates the impacts of extreme weather, and sequesters carbon, all while providing habitats for marine life. Mangrove forests are crucial assets in the fight against climate change and preserving marine biodiversity.
In the Negros Island Region, GCash has a long-running collaboration with Dumaguete-based higher education institution Silliman University (SU), and its Institute of Environmental and Marine Sciences (IEMS), which focuses on mangrove restoration, protecting coastal environments, and providing livelihood opportunities to local farmers and fisherfolk.
The planting of the grey mangrove trees, made possible by GCash Eco Run participants and sponsors, will take place on the site managed by SU and maintained by local communities. This is part of the SU-GCash Reforestation in South Negros Project, whose overall goal to plant a total of 1M across critical areas in the region by 2029.
Sustainability-focused organizations partnering for the environment
GCash makes it easy for companies to create a meaningful environmental impact. By connecting businesses with GForest’s trusted planting partners, GCash enables them to support science-based, proven-effective sustainability programs seamlessly.
IKEA Philippines—the local arm of the global furniture brand headquartered in Sweden, and whose Pasay store holds the record as the largest IKEA store in the world—is supporting the event by pledging 30,000 trees under the South Negros conservation initiative. Sustainability has always been part of IKEA’s commitment to its customers, as it offers home furnishing products, food, services, and solutions that inspire and enable people to lead healthier and more eco-conscious everyday lives.
“IKEA’s sustainability direction goes hand in hand with this activity, [focusing] on three pillars: Healthy and sustainable living, being circular and climate-positive, and being fair and caring. Today, sustainability is neither a choice nor an option. It’s a must, which is why IKEA is deeply focused on this priority,” shares Ricardo Pinheiro, country retail manager of IKEA Philippines.
This partnership with SU-GCash Reforestation underscores IKEA Philippines' central goal to create a positive social impact within communities, as it hopes to inspire other businesses to join the collective effort to make more sustainable choices every day.
“Our partnership with GCash and IKEA is a testament to the power of collective action for sustainability. Through this collaboration, we aim to restore vital ecosystems and engage local communities in long-term conservation efforts,” said Dr. Hilconida P. Calumpong, project coordinator and professor emeritus, Institute of Environmental and Marine Sciences (IEMS), Silliman University.
A fully eco-conscious, sustainability-centered event
The GCash Eco Run has been deliberately designed to promote sustainable practices in every aspect. From adapting sustainable and mindful eco-friendly practices in the event production, to booth structures being built out of recycled and non-single-use plastic materials, all the way to race kits being made out of recycled PET bottles—GCash Eco Run ensures a 100% sustainable, eco-conscious experience for all.
GCash will also introduce its new 100% recycled plastic GCash VISA cards at the sidelines of the Eco Run at a special retail price, kickstarting the initiative with the Filipino running community.
Merchants offering eco-products or eco-friendly advocacies like Bukid ni Bogs, Human Nature, The Eco Shift Store, Wonderhome Naturals, Cut the Craft Clothing and Apparel will also have booths at the event.
The GCash Eco Run will also amplify the efforts of eight advocacy partners. Berdeng Kalabaw, Aling Tindera, and ZOLO are encouraging runners to bring recyclable waste, to be collected for proper waste management. Caritas Manila will be accepting donations of old clothes, WWF Philippines will call for donations for habitat conservation and animal welfare, and Hound Haven will encourage the adoption of retired working dogs to rally behind charity programs.
To promote farm-to-table practices, Commune Café + Bar will showcase locally sourced coffee, from Atok, Benguet, while the Philippine Coffee Board, Inc. will be offering Itogon coffee; Seven Days of Greens will retail organic fruits and vegetables from smallholder farmers.
The GCash Eco Run is supported by IKEA Philippines, Globe Fiber, Pay & Go, eTap Solutions, BPI-MS, GOMO, Standard Insurance, BYD, Century Tuna, ECPay, Gringo, Park Access, Singlife, and ST Telemedia. These sponsors have also pledged to plant trees and support Silliman University’s mangrove conservation efforts. The event is organized by RUNRIO, a leading organizer of race events in the Philippines.
“At GCash, community drives our broader sustainability agenda of harnessing tech and innovation for good,” shares Alegre. “The support of our sponsors is testament to how partnerships built on shared goals can transform commitments into action, and GCash aims to engage more like-minded organizations to scale and grow this eco-movement.”
For more information about the GCash Eco Run and how to register, visit the official event page.