While National Government builds infrastructure, we at the BSP are focused on the FINfrastructure – (this is a word I coined) referring to the financial infrastructure. We are encouraging further digitization of the financial sector.
In line with this, the BSP is closely working with the National Government to implement a biometric-based foundational ID system to broaden the reach, quality, and integrity of financial services. We are also working with the industry so that more Filipinos can send and receive payments via any electronic device under the National Retail Payment System (NRPS).