Why the digital transformation of the financial sector matters AMID the global Covid-19 crisis, the Philippines saw an increasing number of people transacting through digital platforms, with a 5,000-percent surge in digital payments in 2020. The Manila Times (TMT): Please describe the state of digital transformation in the Philippine financial sector. This unprecedented growth in digital financial services has redefined the Philippines financial sector. TMT: Does the Philippine financial sector need to fast-track the digitalization of its financial sector? Fundamentally, a modern digital financial sector ensures multiple benefits including an enhanced customer experience, greater corporate governance and more efficient data-driven decision making.

Source: Manila Times June 19, 2022 04:05 UTC