PH should boost its digital payments

By Tiziana Celine Piatos

Oct 04, 2022 12:24 am

THE country should concentrate on improving the digital payment platforms InstaPay and PESONet before establishing a central bank digital currency (CBDC), a government official said on Monday.

During a Senate budget hearing on Monday, Finance Secretary Benjamin Diokno, a former central bank governor, underscored that establishing a CBDC is not yet the right time.

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