While consolidation continues to reduce the number of our banks, the industry’s network and reach continue to grow and deepen through branch banking, ATMs, ebanking, and innovations in marketing and service delivery. Our initiatives to develop an inclusive financial system through financial education, consumer protection and providing access to financial services also continue to generate positive results.
The vision Through the years, the BSP has consciously and progressively adopted measures to move towards a paperless system. Taking advantage of the prevalence of the internet and the robustness of the PhilPass, the FLAReS project certainly takes us another step closer to this vision.