Trading activities create contacts with market partners and enable Bundesbank traders and analysts to increase their knowledge of financial market developments on site. Through their physical presence at financial centres, they gain access to additional market information and benefit in other ways through having local contacts.
Volume of transactions via PesoNET and InstaPay—the platforms for large- and small-amount fund transfers—grew year-on-year last January by 293 and 396 percent, respectively. Digitalization also accelerates financial inclusion to those unserved and underserved by traditional bank branches. This results in more economic activities and, therefore, faster economic growth. With an enabling regulatory environment, we have seen an increase in digital financial accounts.