Finally, the Philippines is on its way to going cashless.

Until 2018, digital payments accounted for only 1% only 1% BSP goal: 20% of transactions digital in PH by 2020 Read more of all transactions in the country. The pandemic has shifted the landscape massively, with e-payments nearly hitting the 20% mark, according to the central bank, Bangko Sentral ng Pilipinas (BSP). And the Philippines is riding the momentum, with more fintech policies going into effect next year.


Jum Balea

Jum is a Manila-based reporter for The Ken, where she covers startups and business across Southeast Asia, with a focus on the Philippines. She previously was editor for Tech In Asia, and business editor for Philippine media companies Rappler and ABS-CBN.

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