From Digital G2P Payments to Greater Financial Inclusion—Latest Findings from the Philippines

This blog post from IPA summarizes the findings from a survey of SAP 2 transfer beneficiaries in the Philippines. Due to a number of issues under SAP 1, including overcrowding, SAP 2 benefits were distributed digitally through accounts rather than in cash. The survey found that the average recipient was satisfied, despite waiting for about an hour and being charged roughly $1 to cash out. Only 16%, however, were aware they were given a financial account under SAP 2, and only 6% used the account for more than cashing out.