Opportunities and challenges - the BSP Policy Agenda in 2023
· 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
FM · Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiOpportunities and challenges - the BSP Policy Agenda in 2023ContextSpeech presenting the central bank's policy agenda for 2023; Bangko Sentral ng Pilipinas keeps prices stable and pushes digital payments.
Why it mattersMedalla puts electronic transactions and small firms at the top of the year's agenda.
Problems raised- MSMEs are numerous but small in value.
- Payments digitalisation is incomplete.
- Bank assets are concentrated.
Solutions proposed- Accelerate payments digitalisation.
- Support MSMEs in the digital economy.
- Partner with programs like USAID SPEED.
Read full speech on bis.org ↗More from Felipe M Medalla · Bangko Sentral ng Pilipinas · all speeches
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