I won’t try to cover the full waterfront on these topics, but would like to share with you some of the Board’s considerable rethinking about the way we supervise and regulate bank holding companies.
We call it, “InstaPay.” Like the PESONet launched in November of last year, InstaPay is innovative. It is likewise expected to create new markets and add new value. Its launch and operation further improves the Philippine retail payment system and moves us closer to creating a cash-lite economy.