The central bank of the Philippines, the Bangko Sentral ng Pilipinas (BSP), has come out with the BSP Digital Payments Transformation Roadmap for 2020-2023, which essentially is a proposal to stakeholders about an open banking framework as part of the regulator’s 3-year digital payments transformation program. The proposal is seen as an effort to boost financial inclusion and transform the Philippines from a cashheavy economy to a cash-lite economy.
The central bank, in making the proposal public and seeking comments from stakeholders, is actually moving ahead with fintech ecosystems that support consent-driven data portability, interoperability and collaborative partnerships with formidable financial institutions and fintech players. This, the regulator believes, will significantly benefit the country.
COVID SPURS OPEN BANKING
هذه القصة مأخوذة من طبعة March 2021 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 2021 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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