If anything, the pandemic has taught us that digitalization is no longer desirable to have, but a must-have. Like other ASEAN nations, the Philippines aims to regain and surpass opportunities lost to the COVID crisis. We want an economy that is stronger and more technologically advanced than ever before. One way of achieving this is through financial digitalization.
Going digital, building on it, tailoring it, securing it, and pushing it to new frontiers is imperative if central banks are to be successful in navigating the post-COVID-19 economy.