Central Bank of the Philippines signs DICT digital infrastructure agreement for Paleng-QR Ph Plus and BELA and recognises financial education partners

The Central Bank of the Philippines (BSP) hosted its Financial Education (Fin-Ed) Stakeholders’ Congress in Manila and used the event to recognise financial education advocates and formalise a digitalisation partnership with the Department of Information and Communications Technology (DICT). The memorandum of agreement commits DICT to provide digital infrastructure support for two BSP flagship initiatives, Paleng-QR Ph Plus and the BSP E-Learning Academy (BELA). Paleng-QR Ph Plus promotes electronic payments using QR Ph in public markets, local transport and small businesses, while BELA provides online access to economic and financial education materials. The BSP conferred Financial Education Awards across partner categories spanning government agencies, international organisations, financial regulators, industry bodies, local governments and foundations, including recipients such as the Department of Agriculture’s Bureau of Fisheries and Aquatic Resources, the Department of Education, the Asian Development Bank, the Philippine Deposit Insurance Corporation, the Securities and Exchange Commission and the Insurance Commission. The congress also launched additional initiatives to expand Fin-Ed, including the Credit Card Association of the Philippines’ “Credit Card Essentials E-Learning Module”, an enhanced BSP “Protect Your Money” campaign, and new BSP partnerships with the Department of Human Settlements and Urban Development, the Boy Scouts of the Philippines and TransUnion.