· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiFull speed ahead for payments digitalization
Read full speech on bis.org ↗ContextSpeech at the launch of a USAID programme to strengthen digital payments in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and promotes digital payments.
Why it mattersMedalla launches a programme to speed up digital payments for small businesses.
Problems raised
- MSMEs are numerous but small in value.
- Payments digitalisation is incomplete.
- Bank assets are concentrated.
Solutions proposed
- Accelerate payments digitalisation.
- Support MSMEs.
- Partner with USAID SPEED.