BSP starts survey on use of digital payments - Manila Bulletin

BSP starts survey on use of d…

BSP starts survey on use of digital payments - Manila Bulletin

Manila Bulletin | 2020-11-17 22:59

The Bangko Sentral ng Pilipinas (BSP) is conducting its first Consumer Payments Survey (CPS) this quarter in aid of enhancing rules on digital payments to increase its use by as much as 50 percent of all retail payments in three years. In a statement, the BSP said the results of the survey will serve as its guide in implementing measures that will expand the use of digital payments until it reaches its target and that 70 percent of Filipinos will have financial accounts by 2023 or even as soon as end-December 2022. A nationwide survey, the CPS will tap Kantar Philippines Inc. to measure the actual use of digital payments across the country such as how these transactions are being used by individual consumers aged 15 years old and above. Kantar is an independent market research company. The BSP assures that personal data protection will be strictly enforced for survey participants. "…

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