As we have emphasised in the past, the Bank does not have a profit-maximising objective and its operations are conducted in the broader interests of the country, in pursuit of its mandate and responsibilities. Nevertheless, we will continue to implement strict internal financial controls to ensure economy and efficiency of the Bank’s operations. BIS central bankers’ speeches  3
Both saw a surge in both volume and value as people turned to digital platforms for daily financial activities. Transaction volumes for PESONet and InstaPay jumped by 143% and 820% respectively in August 2020.