Finance Secretary Benjamin Diokno said the Marcos administration is committed to investing in the digital economy because technology plays a key role in finance.
“Technology has a well-defined role in the world of finance. It facilitates a more inclusive and efficient financial system. [T]he Philippine government is committed to making foundational investments in the digital economy. We will need the best technologies, ideas and people to ensure that Filipinos have access to vast opportunities at their fingertips,” Diokno said during the Digital Banking Asia Conference.
The Digital Banking Asia Conference connects leading banking experts across the globe to collaborate on new ideas and address the industry’s most pressing issues.
Diokno said the government supports the rapid adoption of fintech, recognizing that the digital transformation of the country’s financial systems would lead to greater financial inclusion and opportunities. He said the Department of Finance was closely monitoring the digitalization of its main revenue generating agencies.