2019 was a very good year in the online banking sector, as Filipinos gained greater access to financial products and services.
BSP will persevere in pushing initiatives that will ensure that every Filipino has wider access to financial products and services
Diokno, the head of BSP, is confident the share of electronic payments in total payment transactions in the country would rise.
The result of the survey showed the share of e-payments jumped to 20 percent in 2019.
Diokno expressed confidence that despite all the upheavals: the eruption of the Taal volcano, the coronavirus that originated from Wuhan in China, US-Iran tension, BSP and its partners will continue to work together to create a stronger and more inclusive economy.
Diokno said – “It is our hope that with your help, and the help of other industry players and other government agencies, we will enable more Filipinos to reap the benefits of a stronger and more inclusive economy”.