Digital savingscampaign

THE Department of Education (DepEd), in integrating financial literacy in the K-12 curriculum, is eager to promote financial literacy among young learners, parents, and teachers.

It has in fact partnered with the Rizal Commercial Banking Corporation (RCBC) for its digital savings campaign.

DepEd will work with RCBC for its Ipon Galing initiative, a massive digital financial education awareness campaign that will be done nationwide to further encourage learners, as well as teachers and parents, to save using digital saving platforms. RCBC has recently launched an incentives promotion for those who will begin their savings journey using the DiskarTech, RCBC’s Taglish finance super app.

Partnership programs like DiskarTech of RCBC will allow our teachers and learners to experience how technology works for us while we are securing our finances and save for the most important and unanticipated events such as the COVID-19 pandemic, according to the DepEd.

Based on the 2019 Financial Inclusion Survey of the BSP, 53% of adult Filipinos are savers but 51% of them save at home.

DepEd finds a shared value with the RCBC in the “diskarte” to not only survive but thrive in this new normal by being agile and innovative. This partnership hopes to equip learners, as well as teachers and parents, nationwide with more skills towards their financial well-being.

The same survey showed that while account ownership has improved in the last two years, more than two-thirds of Filipinos still lack access to a formal account.

In this time of pandemic, having a transaction account has proved crucial to social protection and financial resilience, according to the Bangko Sentral ng Pilipinas (BSP) Center for Learning and Inclusion Advocacy.

Account owners had also been found to have a higher rate of savings, access to digital financial services, and less debt.

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II at San Roque Elementary School, Magalang,