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With the rise of digital banks and e-wallets, the BSP hopes that Filipinos will take advantage of the online payment channels that are available nationwide.
Consumer confidence in the Philippines in the third quarter of 2022 was deemed more pessimistic, as per the Bangko Sentral ng Pilipinas, as the total confidence index dropped to -12.9% from -5.2% in the second quarter.
Longer wallets might be the solution to minimize folding the new P1,000 polymer banknote, incoming Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said “heroes will remain heroes” whether they appear on the paper bills or not and there are no demonetization plans as of now.