My personal goal is that half of financial transactions in the country should be digital by 2023, the end of my term. But with enabling regulations and the pandemic, this may be achieved sooner— perhaps by the end of 2022. In fact, we have seen an exponential increase in the use of e-payments platforms Instapay and Pesonet.
These actions and others we’ve taken over the past few years underscore our resolve to work together to address our common economic challenges. References Chehal, Puneet, and Bharat Trehan (2009). “Talking about Tomorrow’s Monetary Policy Today,” FRBSF Economic Letter 2009–35. San Francisco: Federal Reserve Bank of San Francisco, November 9. D’Amico, Stefania, and Thomas B. King (2010).