Traze, a unified QR code-based app, will be pilot-tested in four airports before it will be made mandatory for all air passengers in all airports nationwide by the end of November this year.
Author: Edu Lopez
Although all expressways will be implementing cashless toll collections, motorists without RFID stickers will still be allowed entry to the toll plaza but will be led to an area where their vehicles will be provided with the RFID stickers.
Borrowers who wish to know their creditworthiness can now request for their credit report online, according to the Credit Information Corporation (CIC).
But a report from the World Bank noted that the country’s Internet connectivity – the foundation of the digital economy – is limited in rural areas, and where they are available, services are relatively expensive and of weak quality.
A recent survey conducted by the World Bank (WB) revealed that almost two-thirds of Philippine companies have turned to digital solutions for sales, marketing, and payment methods to adapt to the new normal.
The Philippine Ports Authority (PPA) is conducting a recent test run of the unified electronic ticketing system at the Port of Batangas and the Port of Calapan in Mindoro prior to full rollout next year.
An official of the Bangko Sentral ng Pilipinas (BSP) warned of the risk of financial exclusion of some sectors even as the “new normal” makes going digital imperative.
Acting socio-economic planning secretary and NEDA chief Karl Kendrick Chua said the government must be the one to provide the direction and impetus for innovation to prosper.