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Message for 42nd Anniversary of Credit Card Association of the Philippines

· Felipe M Medalla, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, technology, ai and cyber risk

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· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiMessage for 42nd Anniversary of Credit Card Association of the Philippines

ContextMessage by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), for the 42nd Anniversary of Credit Card Association of the Philippines, Manila, 16 October 2022.

Why it mattersMedalla supports responsible growth of card lending.

Problems raised
  1. The credit card industry must grow responsibly.
  2. Consumers need protection.
  3. Digital payments are rising.
Solutions proposed
  1. Support industry initiatives.
  2. Strengthen consumer protection.
  3. Promote secure digital payments.
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