00:00The Banco Central ng Pilipinas, or BSP, is partnering with the Department of Information and Communications Technology, or DICT.
00:08This to provide satellite internet access across the country, aiming to accelerate digital payments and financial education programs.
00:16The initiative is meant to address connectivity issues that currently hamper the reach of the BSP e-learning academy, or BELA,
00:23the central bank's online financial education platform. While BELA currently has about 24,000 unique users,
00:31BSP Deputy Governor Bernadette Romulo Puyat noted this figure is insignificant given the country's population.
00:39He stressed that many Filipinos cannot access the platform after work due to poor internet connection.
00:45Beyond BELA, the stronger connectivity is also crucial for the successful implementation of the Paleng QRPH program,
00:54which promotes the use of quick response, or QR codes, for merchant payments.
00:59The BSP is now compiling a list of areas most in need of connection reinforcement to support the program.
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