MANILA: Philippine central bank deputy governor Mamerto Tangonan has long wanted to make electronic money so ubiquitous that one could pay at a street stall via mobile phone. “This is my life’s purpose, ” Tangonan said in a March 24 interview, his first since he took office in February. Digital payments are widespread in parts of Asia, particularly in China, and have surged globally amid the pandemic. The central bank is undertaking an aggressive social-media campaign to address this. The central bank is also working with the government, telecoms and fintech companies to lower South-East Asia’s costliest Internet service, Tangonan said.

Source: The Star March 29, 2021 01:41 UTC