‘PHL fintech-ready, has firm future foundations’

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‘PHL fintech-ready, has firm future foundations’ - Business Mirror

Quick Summary:

This, and other initiatives, such as its granting of digital banking licenses to six entities, stand against the backdrop of the BSP’s Digitization Roadmap, set to steer the country toward becoming more financially inclusive via digital tools.

The BSP further demonstrated its commitment to FinTech solutions through its extension on granting licenses to new e-money issuers (EMIs) until the end of this year, in the context of a regulatory sandbox approach that will foster innovation and sustainability in this space.

They’re also choosing the FinTech solutions that offer the greatest utility value, product personalization, and seamless omnichannel experiences as the country’s economy seeks to maintain its status as the fastest growing in Southeast Asia.