Financial literacy for BPO workers pushed

The Department of Finance (DOF) said the government’s efforts to promote financial literacy in the Philippines now includes targeting the young people who make up 1.3 million employees of the business process outsourcing (BPO) sector. Finance Undersecretary Gil Beltran said financial stability fuels economic growth, making it the most important component of the country’s financial inclusion policy. Beltran added that lectures on financial markets for young employees in the BPO sector are important because the industry generates about USD25m in revenue annually. He said the financial literacy program should cover everyone from ages 5 to 100.