The Bangko Sentral ng Pilipinas (BSP) urged the public to give digital cash gifts this Christmas as it is easy and convenient. 'We encourage our countrymen to take advantage of the...
The Bangko Sentral ng Pilipinas urged the public to give digital cash gifts this Christmas as it is easy and convenient. 'We encourage our countrymen to take advantage of the ease and safety provided by digital finance in sending their cash gifts during the holidays,' the BSP said in a statement on Monday. It said that instead of giving cash, Filipinos can transmit money conveniently through a wide array of digital payment channels.
These include interbank fund transfers through InstaPay and PESONet, electronic money issuers that are more commonly known as e-wallets, and QR Ph, which entails code scanning and offers consumers faster, easier and cheaper payment options. The BSP said that the giving of e-aguinaldo supports the central bank's thrust to foster the wider adoption of digital payments, which promotes financial inclusion and the efficient flow of funds in the economy.
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