By Gabriela Baron
The Bangko Sentral ng Pilipinas (BSP) on Monday, Dec. 19, urged the giving of digital aguinaldo this Christmas season.
“We encourage our countrymen to take advantage of the ease and safety provided by our digital finance in sending their cash gifts during the holidays,” BSP said.
BSP pointed out that those who intend to send cash can transmit money conveniently through various digital payment channels, including interbank fund transfers and electronic money issuers.
“The giving of e-aguinaldo supports the BSP’s broader thrust to foster the wider adoption of digital payments, which promotes financial inclusion and the efficient flow of funds in the economy,” it added.
Under its Digital Payments Transformation Roadmap, BSP aims to convert at least half of the total volume of retail payments into digital form and to onboard at least 70% of Filipino adults to the financial system through transaction account ownership by 2023.
