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

Until 2018, digital payments accounted for only 1% only 1% Inquirer.net 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.

AUTHOR

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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