THE government’s bid to further push digitalization of the financial system, among others, will be closely coordinated with the private sector to fully achieve the goals for financial inclusion.

In his speech during the virtual Digital Pilipinas launch on Thursday, Finance Secretary Carlos Dominguez III said expertise of the private sector and its initiatives to adopt digital innovations “will help us anticipate the changes in the digital economy.” “The private sector can help us provide a more nurturing policy environment,” he said.

Dominguez said having a large number of highly talented and tech-savvy young population is an advantage for the economy.

The young workforce, he said, “can provide the intellectual capital to fintech-focused investments.”

“I am confident that this partnership between the private sector and the government will help the Philippines bridge the digital divide and achieve President (Rodrigo) Duterte’s goal of financial inclusion for all Filipinos,” he added.

The need to hasten the government’s digitalization program was enhanced by the pandemic after the government implemented movement restrictions to address the spread of infections. /