THE Bangko Sentral ng Pilipinas said the country is poised to attain its digital payments target for the year.
“The latest results show that we are steering in the right direction as we move closer to our goal of converting at least half of total retail payments volume into digital form by the end of 2023 under the BSP Digital Payments Transformation Roadmap,” former BSP Governor Felipe M. Medalla said in a statement over the weekend.
Data showed merchant payments and P2P transfers were further digitalized by 35.6 percent and 91.2 percent, respectively.
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