Diversifying the sources of funding for economic activity also allows for better distribution and management of risks in the entire financial system. We have started this by implementing the Philippine local currency debt market development roadmap towards a more balanced financial ecosystem where the banking system is complemented by a deep and liquid capital market.
This evening, I would like to concentrate only on two aspects, namely a comparison between electronic payment methods and the current conventional payment instruments, such as currency and credit cards, and the possible effect that e-money may have on the operations of the Reserve Bank. 2. The development of e-commerce  The Internet, and its application to e-commerce is turning many industries inside out.