Digital-pay transactions ratio grew 52.8% in 2023

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) surpassed its target under the "Digital Payments Transformation (DPT) Roadmap 2018-2023” of digitalizing 50 percent of digital payments volume in the country.

Achieving the target is not the end goal.

This will also lower the informal sector employment by 0.06 percentage points over a two-year period, the report said.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesMali

Topics: E-payments Payments Payment Governor Transaction Percent Volume Report Total Digital Monthly

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 16:51:35 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21754659

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 60 posts per day

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News Last Updated: 12 hours ago

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