LOWER rates for cross-border payments and regulation for generative Artificial Intelligence (AI) will speed up financial inclusion in the country, according to the Bangko Sentral ng Pilipinas (BSP). In the Philippine Economic Briefing (PEB) in Iloilo last Monday, BSP Governor Eli M. Remolona Jr. said the central bank is making…
THE Philippines secured a new Development Policy Loan (DPL) from the Washington-based World Bank Group to finance the government’s efforts to increase digitalization and help transform the country into a cashless society. In a statement, the World Bank said its Board of Executive Directors approved US$600 million for the Philippines’ First Digital Transformation DPL. The