The Asian Banker’s Finance Philippines 2023 is the leading annual conference for fostering sustainable innovation not only among financial institutions but also among disruptors and related players.
2023’s theme is “Radical Restart Digitalisation | Inclusion | Sustainability”.
The Philippines’ financial industry is thriving in 2023. The Bangko Sentral ng Pilipinas (BSP) has implemented various initiatives to shape the country’s financial landscape. The Digital Payments Transformation Roadmap (DPTR) aims to achieve a cashless society by 2030. The inflation-targeting framework ensures inflation rates between 2% and 4%. The BSP also focuses on strengthening financial supervision and promoting financial inclusion through microfinance and mobile banking.
Moreover, the BSP has introduced regulations on digital banks, established a financial technology sandbox, and initiated a financial literacy campaign. These efforts highlight the BSP’s commitment to maintaining a stable and inclusive financial system that supports the country’s economic growth.
The future of the Philippine financial industry is promising.
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