From BusinessMirror:
Ricart had been applied in previous years in three other municipalities across the Philippines. To include the current round in Guiguinto that had been supported by the Institute for Money, Technology and Financial Inclusion (IMTFI) of the University of California-Irvine, the story is the same: local and overseas-based income earners and remittance-possessing households claim to “know” finance but the practices contradict what they’re supposed to do given what they “know.”

For the full story, please visit http://www.businessmirror.com.ph/a-phl-strategy-on-financial-inclusion-more-on-means-vs-reversing-mind-sets/.

 

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