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BSP taps digital finance expert to head new unit for 'interplay' of cash, e-money

BSP taps digital finance expert to head new unit for 'interplay' of cash, e-money
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BSP names digital finance expert as new Deputy Governor

BSP names digital finance expert as new Deputy Governor
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University Of The Philippines , Quezon City , Camarines Norte , Mamertoe Tangonan , Bangko Sentral , National Retail Payments System , Bureau Of Internal Revenue , Life Insurance Co , Asian Institute Of Management , Globe Telecom Inc , Pt Smart Telecom , Phils Inc , Currency Management Sector , Internal Revenue , Globe Telecom , Governor Tangonan , Asian Institute , பல்கலைக்கழகம் ஆஃப் தி பிலிப்பைன்ஸ் , கயீஸந் நகரம் , தேசிய சில்லறை கொடுப்பனவுகள் அமைப்பு , பணியகம் ஆஃப் உள் வருவாய் , வாழ்க்கை காப்பீடு இணை , ஆசிய நிறுவனம் ஆஃப் மேலாண்மை , பூகோளம் தொலை தொடர்பு இன்க் , ட் புத்திசாலி தொலை தொடர்பு , பில்கள் இன்க் ,

New central bank sector to support efforts toward cash-lite economy

New central bank sector to support efforts toward cash-lite economy
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BSP creates Payments and Currency Management Sector, appoints new DG

BSP creates Payments and Currency Management Sector, appoints new DG
By JON VIKTOR D. CABUENAS, GMA News
Published February 24, 2021 4:07pm
The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced the creation of a new department that will manage the interplay of physical currency and digital money, in line with efforts to shift to a cash-lite economy.
In a virtual briefing, BSP Governor Benjamin Diokno said the Payments and Currency Management Sector (PCMS) will handle the licensing and supervision of payment system operations and the formulation of strategies and policies for currency and payments system including the digital payments transformation.
The PCMS also handles the Philippine Payment and Settlement System and the administration of the digital Personal Equity Retirement Account (PERA), the voluntary retirement saving program that supplements retirement benefits from the Social Security System (SSS), the Government Service Insurance Syst ....

University Of The Philippines , Quezon City , Government Service Insurance System , Camarines Norte , Mamerto Tangonan , Benjamin Diokno , Bangko Sentral , National Retail Payments System , Life Insurance Co , Asian Institute Of Management , Globe Telecom Inc , Pt Smart Telecom , Phils Inc , Currency Management Sector , Philippine Payment , Settlement System , Personal Equity Retirement Account , Social Security System , Payments Transformation Roadmap , Monetary Board , Globe Telecom , Asian Institute , Governor Benjamin Diokno , Bangko Sentral Ng Pilipinas , பல்கலைக்கழகம் ஆஃப் தி பிலிப்பைன்ஸ் , கயீஸந் நகரம் ,

BSP names new deputy governor

BSP names new deputy governor
Lawrence Agcaoili
© STAR/File
BSP names new deputy governor
MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) has added a new deputy governor with expertise in digital payments, as part of efforts to transform the country from a cash-heavy into a cash-light economy and a coinless society over the next five years.
Mamerto Tangonan, a digital financial services expert with over 20 years of experience, has been named as the fourth deputy governor of the BSP.
Tangonan now heads the BSP’s Payments and Currency Management Sector.
He joins Deputy Governors Francisco Dakila Jr. of the Monetary and Economics Sector, Chuchi Fonacier of the Financial Supervision Sector, and Maria Almasara Cyd Tuaño-Amador of the Corporate Services Sector. ....

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