The Bangko Sentral ng Pilipinas (BSP) is supporting youth-oriented efforts to improve financial access, including a Youth Financial Inclusion (YFI) initiative that helps students open their first bank accounts. In reporting on the program, outlets describe how young people from marginalized communities, who often see financial independence as difficult to achieve, gain practical entry points to formal financial services through the YFI pilot. One example cited is Juana Marie Amplayo, a former student leader at Southern Leyte State University (SLSU), who said she and fellow students began building financial capability when they were able to open bank accounts as part of the initiative.
The YFI initiative is presented as a key undertaking of the Financial Inclusion Steering Committee (FISC), an interagency body working on financial inclusion objectives. During the pilot run, more than 500 SLSU students reportedly opened their first bank accounts through the program. The coverage frames the initiative as part of broader national efforts to expand youth access to banking and related services.
