MICROCAPITAL BRIEF: BSP Promoting E-money Usage, Financial Access in the Philippines via “Digital Payments Transformation Roadmap 2020-2023”

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, recently released its Digital Payments Transformation Roadmap 2020-2023, which outlines steps for reaching: (1) half of retail sales volume being paid via digital channels; and

MICROCAPITAL BRIEF: Cybercrime Up During Pandemic As FSP Clients, Staff Increase Usage of Digital Payments, Remote Technologies

Amidst the COVID-19 pandemic, the use of digital payment services has risen, leading to an increase in fraud and thus a renewed urgency to educate and otherwise protect consumers of these services. Financial services providers also are boosting their vigilance in