We advance these strides with the implementation of our Digital Payments Transformation Roadmap (DPTR) 2020–2023. Let me expound on this centerpiece plan. The Roadmap is BSP’s centerpiece plan to support its goal of moving the country from being cash heavy to cash-lite by 2023. Our goal is that at least 50% of retail payment transactions is made digitally.
Our other goal is our target of 70% of adult Filipinos should have a transaction account. The achievement of these strategic outcomes building a digital payments ecosystem that facilitates inclusivity, innovation, and efficiencies benefitting individuals, businesses and the economy as a whole. Such an ecosystem is shaped by the adequacy of infrastructure, responsiveness of regulations and standards, and the strength of multi-sectoral collaborations.