The inter-agency body Financial Inclusion Steering Committee (FISC) has emphasized the importance of digital payments in the new economy amid the coronavirus disease 2019 pandemic.

In a statement on Saturday, the Bangko Sentral ng Pilipinas (BSP) said “the FISC agreed to promote digital payments as an imperative for financial inclusion in the new economy, and to collectively shepherd statutory issuances that can liberalize the use of satellite technology and services to address the challenges in internet connectivity.”

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