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Philippines Central Bank Gives Approval to Coins ph to Pilot Stablecoin in Key Remittance Market

Philippines Central Bank Gives Approval to Coins ph to Pilot Stablecoin in Key Remittance Market
coindesk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coindesk.com Daily Mail and Mail on Sunday newspapers.

Philippines Approves Stablecoin Pilot for Remittances

Philippines Approves Stablecoin Pilot for Remittances
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

Navigating the future of banking in the Philippines

THE banking industry in the Philippines has been undergoing a remarkable transformation over the past few decades, a change driven by rapid technological advancements, shifting market conditions, and an evolving economic landscape. This transformation has been significantly accelerated by the pandemic, which has compelled businesses to rapidly adapt and integrate digital solutions. The most pronounced impact of this shift has been on small and medium enterprises (SMEs), which are pivotal to the Philippine economy. As SMEs navigate this new era, they are encountering innovative ways of banking interactions and financial management, primarily influenced by increased access to funding and the rise of fintech players.

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