Part 4/10:
Faster Money Flow: Digital transactions move four times faster than traditional cash, which enhances cash velocity—an essential factor for economic growth.
Operational Efficiency: Digital solutions reduce operational costs for businesses, especially small and medium enterprises (SMEs), improving sustainability and resilience.
Financial Inclusion: The Philippines has seen a significant uptick in financial inclusion, reaching approximately 70% of the population. This milestone is largely attributed to the proliferation of e-wallets like GCash, which now boasts 69 million subscribers—roughly 80% of the adult population.