In the recent 2019 Financial Inclusion Survey published by the
Bangko Sentral ng Pilipinas (BSP), it was noted that the Philippines
has the lowest banking penetration in Southeast Asia. It was also
estimated that the number of unbanked Filipino adults may reach
51.2 million.
Within this context, many small business owners and other
marginalized sectors are often left with little choices when it
comes to different financial services.
Moreover, low-income and minimum-wage earners are often
intimidated by the prospect of starting a basic deposit account,
partly because they lack the knowledge on the processes of
opening one and the resources to maintain the required minimum
balance, or they do not have the IDs required by the bank for
documentation.
It is this gap that emerging digital finance solutions like Rizal
Commercial Banking Corporation’s (RCBC) DiskarTech want to fill
in not only through its innovative products that make banking
services more inclusive and accessible for everyone, but also
through its efforts in pushing financial education and digital
literacy forward.
Through this partnership with the Department of Education
(DepEd), RCBC and DiskarTech proposes the integration of the
Aralin sa Madiskarteng Pananalipi (Lessons on Smart and
Resourceful Financing) program to the current Accounting,
Business and Management (ABM) curriculum of the DepEd’s
senior high school program.
The integration of the said program is also a step forward to what
the BSP envisions as a “digital Philippines.” Through an effective
financial education and digital literacy strategy and program, we
are not only helping our fellow Filipinos to maximize the services
our banks and other financial institutions offer, but we are also
empowering them to rise above financial exclusion.
As for RCBC’s DiskarTech, we have taken it as part of our mission
to accompany our countrymen in this journey towards financial
LEARNING RESOURCE MANAGEMENT AND DEVELOPMENT SYSTEM (LRMDS)
inclusion. We dream of a day when our unbanked and
underserved sectors will soon become fully banked individuals;
that each Filipino household has taken the values of saving up and
investing to heart. This starts with a grassroots financial education
strategy that includes lessons on financial technology and digital
finance.
In the end, we want every Filipino learner to find their own
diskarte as early as senior high school, equipping them with the
knowledge and skills needed for them to soon experience asenso
at ginhawa.
We believe that almost everything in digital banking innovation,
supported by a strong grassroots financial education strategy, is
within reach, hence echoing our DiskarTech mantra: Halos lahat
pwede
Objective
Apply basic personal finance principles and practices in earning,
spending, saving, and investing money
Appreciate the use of inclusive digital finance technologies like
digital banking apps, e-wallets and other digital finance platforms
Demonstrate a basic understanding of financial technology and
financial inclusion
ABM – Business Finance
Content/Topic * The philosophy and practices in personal finance
Content Standards* MELC ABM_BF12-IVo-p-27: Illustrate the money management
cycle and give examples of sound practices in earning, spending,
saving, and investing money
Performance
Standards*
Apply basic personal finance principles and practices in earning,
spending, saving, and investing money
Competencies * Application of basic personal finance principles and practices
through inclusive digital finance technologies and apps
Curriculum Information
Education Type
K to 12
Grade Level
Grade 11, Grade 12
Learning Area
Content/Topic
Accounting Concepts and Principles
Intended Users
Educators, Learners
Competencies
Explain the varied accounting concepts and principle
Solve exercises on accounting principles as applied in various cases
