To reshape the financial system, we will leverage on digitization, to make it more responsive to the broader economy, transforming it so that no one is left behind. We encourage digital innovations and fintech solutions through an enabling regulatory environment while raising the bar for guarding against cybercrime and related risks.
With digital innovation and fintech, the reach of financial services in the country will expand and at much lower cost, benefitting consumers and providers alike. We launched the National Retail and Payments System, which aids the rise of digital innovation and fintech. With NRPS, electronic fund transfers from one account to any account will be possible, thus easing payments and financial transactions.