The BSP—as overseer of the payments system—likewise endeavors to provide an enabling environment for a safe, reliable, affordable, interoperable, and efficient retail payments system in the country. In fact, even before the pandemic, we had advocated for the shift to a more cash-lite economy through increased use of digital payment platforms under the National Retail Payment System Framework or NRPS.
This has proven to be very useful, with physical distancing becoming the norm during this pandemic. In fact, a welcome development brought about by the new norm is the spike in PESONet and InstaPay transactions, the two automated clearing houses (ACHs) formed under National Retail 4/5  BIS central bankers' speeches  Payment System Framework.