The recent wave of financial innovation, particularly innovation related to the application of information and communication technologies, poses a serious challenge to the financial industry’s business model in both its banking and non-banking components. It has already revolutionised...

Digital technology applied to banking and financial transactions or e-finance in general has made financial services more widely available and affordable to consumers. And with appropriate and affordable technologies and applications, the financially excluded and the unserved can participate in...

The COVID-19 crisis created conditions for digital finance to accelerate financial inclusion in the Philippines. Anecdotal and survey data suggest that the pandemic has indeed spurred large gains in financial inclusion in the country, with adoption of digital finance as a strong driver. This...

Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the...