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May 27, 2024

Fintechs welcome outgoing Tourism chief as new BSP deputy governor

The FinTech Alliance.PH has welcomed the appointment of outgoing Tourism Secretary Bernadette Romulo-Puyat for her appointment as the new deputy governor of the Bangko Sentral ng Pilipinas (BSP).

“The Alliance fully supports the appointment of Romulo-Puyat who will head the financial inclusion and regional operations offices of the country’s central bank. We look forward to working with the new deputy governor in implementing initiatives and programs aligned with the recently launched National Strategy for Financial Inclusion 2022-2028. We believe that she will truly champion wider financial inclusivity and shared prosperity in the country,” FinTech Alliance PH said in a statement.

The BSP launched the Philippines’ National Strategy for Financial Inclusion (NSFI) 2022-2028 to highlight key strategies to make sure inclusive finance will be sustainable in the coming years.

The framework is focused on delivering four key outcomes, namely reduced disparities in financial inclusion, improved financial health and resilience, more financially capable and empowered consumers, and increased access to finance for micro, small and medium enterprises (MSMEs), including startups, and the agriculture sector.

“Inclusive digital finance now takes center stage with Deputy Governor Romulo-Puyat’s appointment, further sustaining the BSP’s great inroads in banking the unbanked and underserved,” the Alliance added.

FinTech Alliance.PH is the premier thought leader and largest organization of financial technology companies from startups to unicorns contributing over 90 percent of digital-initiated transactions volume in the Philippines today.