Beyond limits: How satellite internet is revolutionizing financial services for remote communities

Kacific provides connectivity solutions for the Rural Bank of Cuyo so they can access digital finance. (Contributed photo)
Kacific provides connectivity solutions for the Rural Bank of Cuyo so they can access digital finance. (Contributed photo)

ACCORDING to the 2021 Financial Inclusion Survey (FIS) conducted by the Bangko Sentral ng Pilipinas (BSP), the proportion of banked adults in the Philippines increased from 29 percent in 2019 to about 56 percent in 2021. This is the most significant two-year increase since the survey began in 2015. The BSP's Digital Payments Transformation Roadmap aims to increase the number of Filipino adults with bank accounts to 70 percent by 2023 and raise the share of digital payments in total retail transactions to 50 percent by the same year.

Despite the increase in the banked population, financial inclusion remains a challenge in the Philippines. Many people, especially those living in remote and underserved areas, still lack access to financial services. This makes it difficult for people to access financial services such as savings accounts, loans, and insurance. In addition, inadequate connectivity in these areas makes it even more challenging for financial institutions to reach these communities.

This lack of access to financial services has significant implications for the Philippines' economy, as it hinders economic growth and development. Financial inclusion is critical in enabling individuals and businesses to participate in the formal economy, access credit and insurance, and invest in their future.

The VSAT of Bambunet powered by Kacific enhances financial inclusion with cutting-edge technology.

Connecting communities: How Kacific is expanding access to financial services in rural areas

Rizza Eleazar logs in to Bangko Sentral ng Pilipinas website seamlessly.

Bambunet powered by Pipol Broadband offers unlimited plans.

A lifeline for financial institutions: The critical role of satellite broadband in maintaining business continuity

Join the growing number of rural banks that are leveraging satellite internet to enable their services and accelerate financial inclusion within their communities. Contact Bambunet powered by Pipol Broadband at or call (0998) 555 3243.

For more information on Kacific’s satellite technology, visit or contact

Are you interested in helping communities and connecting them to satellite internet? Apply to be a Kacific Authorized Distributor today, visit to know more.


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