Fintech Supports the Philippines Government’s Shared Prosperity Initiative

Fintech joins 25 members from the Philippine Business Groups (PBS) to organise a convocation in support of the government’s “Ambisyon Natin 2040” initiative amidst the COVID-19 pandemic. A manifesto of support will be presented via Zoom and Facebook live at 12 noon on November 5, 2020.

Fintech is an industry interest group comprised of fintech companies that believe in the opportunities through continuous engagement in building and expanding a sustainable digital finance ecosystem.

The Ambisyon Natin 2040 is a collective long-term vision of the kind of life that the Filipino people want for themselves and the country in the next 25 years.

It began in 2015, guided by the National Economic Development Authority (NEDA) and an advisory committee composed of government, private sector, academe and civil society. More than 300 citizens participated in focus group discussions and close to 10,000 answered the national survey.

Lito Villanueva
Lito Villanueva

“We should mobilise our human, technical, economic and financial resources to address this inequality and restore human dignity. No one should be left behind”,

said Lito Villanueva, Fintech Chairman and RCBC Executive Vice President and Chief Innovation and Inclusion Officer.

The PBG Manifesto includes a six-point pledge and commitment to help achieve the goal of shared prosperity by 2040.

The first is to recruit, train and develop employees and managers irrespective of gender, alma mater, age, ethnicity and religion. Members will also commit to provide just compensation and benefits as well as promote meritocracy and encourage work-life harmony.

They also pledge to provide only quality products and services while treating their goods, service and funds providers fairly, ethically and with respect.

In addition to that, members will be actively involved in disadvantaged communities as well as operate their businesses in a sustainable manner.

Lastly, they pledge to deliver reasonable and just returns to their controlling and non-controlling shareholders.

Featured image credit: Edited from Unsplash

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