The Philippines is shifting from a cash-based economy to an electronic one to create a more efficient and transparent financial system.
Final Report: E-PESO Activity.
Project Report | February 28, 2021
This report summarizes the accomplishments of the Philippines E-PESO Activity, which supported the transition of the Philippine economy from cash/checks to electronic payments for broader-based economic growth and financial inclusion.
From to March 2015 to February 2021, the E-PESO Activity worked to help accelerate the transition of the Philippine economy from cash/checks to digital payments. This report discuss the rapid, widespread adoption of e-payments in the country and how it was achieved through partnering with the Government of the Philippines and the private sector. This report also discusess how E-PESO helped to support the development of a lasting and inclusive e-payment infrastructure to explicitly meet the needs of Filipinos for new and innovative e-payment products, more outlets that welcome the use of electronic money, improved transparency and accountability in transactions with government, and a stronger regulatory environment that protects consumers.
- Report Final Report: E-PESO