This roadmap sets out our initiatives and strategies for achieving an efficient, safe, and inclusive payments ecosystem. The roadmap has two key strategic objectives. Firstly, it aims to strengthen customers’ preference for digital payments by converting 50 percent of the total volume of retail payments into digital form. This first objective includes expanding the proportion of financially included to 70 percent of Filipino adults.
To help us assess how well our policy interventions contribute to the transformation into digital payments, the Better than Cash Alliance or BTCA is helping us in building a simulated model, which will estimate the potential change in the level of e-payments volume and value driven by policies initiated by the BSP.