For instance, the Digital Banking Framework issued in November last year spells out regulatory guidelines on how to operate digital banks in the country. Now, we already have 6 licensed digital banks.
The BSP has also issued the Open Finance Framework, which provides guidelines on consent2/4  BIS central bankers' speeches  driven use of customer data for the creation of financial products and services that cater to a wide range of customer needs. We have rolled out a program promoting expanded use of QR codes for payments.