Maraming salamat at mabuhay po sa inyong lahat! Mabuhay ang BSP! At mabuhay ang ating mahal na bansang Pilipinas! (Thank you very much, everyone. Long live the BSP! Long live our dear nation, the Philippines!) 1 The licensing framework is expected to support further digitalization of merchant  payments which account for over 70% of the total monthly retail payments in the country.
2 The cooperative oversight framework will help prevent regulatory arbitrage resulting  from gaps, inefficiencies, duplications, and inconsistencies in the regulations of different supervisory authorities. 5/5  BIS - Central bankers' speeches