President Ferdinand “Bongbong” R. Marcos Jr. encouraged fintech companies and startups on Wednesday to explore partnerships in the Philippines to further the country’s digital transformation.
In his message delivered through a hologram video recording, the first hologram presenter, President Marcos reiterated the Philippines’ commitment to digital transformation.
“In the Philippines, we remain committed to fostering an environment that promotes collaboration and propels the momentum of our digital transformation,” Marcos said during the Singapore Financial Technology Festival 2023.
The chief executive mentioned GoDigital Pilipinas, a movement facilitated by the Private Sector Advisory Council seeking to promote universal access to digital services, as one of the many promising endeavors that the Philippines has initiated.
Numerous Public-Private Partnerships projects are also aimed at keeping pace with the rapidly evolving information and communications technology (ICT) landscape, President Marcos said.
“The Philippines is likewise cementing its position as a hub for digital innovation and entrepreneurship, with a dynamic startup scene that holds immense promise,” he said.
“We invite you to look at these startups and explore potential partnerships to ensure our mutual growth and shared prosperity.”
Marcos further recognized the growing presence of digital banking and emphasized the importance of digital cashflow so that Filipinos can build a digital profile.
“The Philippines also recognizes the growing presence of digital banking and the importance of inclusive finance in our financial landscape, so that no one will be left behind in our pursuit of progress and prosperity,” the President said.
“That is why we are putting great emphasis on the digitalization of all cashflows—regardless of amount or scale—so that Filipinos can start building digital profile,” he added.
President Marcos also assured that the Philippine will remain ready to adapt to new technologies in response to the demands of our regional and global challenges, while keeping its doors open for collaborations among its various stakeholders.
“I invite you all to join us in shaping the digital future of the financial sector. The Philippines—with its innovative spirit and openness to collaboration—is eager to work with you in seizing all the opportunities that lie ahead,” Marcos said.
President Marcos is the first-ever hologram presenter for the Singapore FinTech Festival 2023.
The theme of this year’s FinTech Festival is “Applications of Artificial Intelligence (AI) in Financial Services” which will be held from November 15-17, 2023. PND