With the present trajectory, we are confident that the volume of financial transactions will hit or surpass the target of 20 percent of total this year and to reach 50 percent by the end of 2023. Recently, we launched EGov Pay, which will allow more government agencies, such as, for example, the Bureau on Internal Revenues, to accept electronic payments from the public.
We also launched the National QR Code Standard, which will pave the way for more extensive use of QR codes as payments. In the future, we hope to see market vendors, tricycle and taxi drivers, and sari-sari store owners, among others, using QR codes as a means to accept payments.