This is a big and solid critical mass! This also represents a big base of potential customers for your banks. Equally important, if we are successful, we shall be on the right path to nurturing a new generation of Filipinos who are adept in managing their own resources and in strengthening the country’s financial system. Let us cooperate therefore in implementing this breakthrough program.
The logical next step of the introduction of the euro, a single cash instrument, is the introduction of single non-cash payment instruments facilitating greatly payments in euro across the single currency area and beyond. Obviously, the euro was not realized in one day. But once introduced, it became our currency replacing the currencies of the participating member states. The same should apply to SEPA.