BSP has issued guidelines that will encourage financial institutions to incorporate sustainability in their risk governance frameworks. Future policy will cover incentives which will encourage the financial sector to invest in activities that will promote climate-resilient, green, and sustainable growth. Second, there is a need to support digital transformation within the economy and the acceleration of digitalization in the financial industry.
The results of the BSP’s 2019 Financial Inclusion survey revealed that there is a wide gap in smartphone ownership and internet access depending on locality, geography, and income. 3/5  BIS central bankers' speeches  This basic constraint needs to be addressed so that our objectives can be achieved.