A newly released study commissioned by financial giant Citi has put the Philippines in the group of ?emerging markets? in terms of use of digital money.
The study also picked the Philippines and Greece to illustrate the scenario that two countries within the same stage can face challenges, and may even have to improve, in vastly different areas. It noted that investments in enabling infrastructure may be a priority for some countries. For others, lack of strong private sector may be a far bigger barrier.
“Both countries are a similar stage, but require a clear difference in priorities, with the Philippines needing to focus on market efficiency and corporate use-case accelerators, and Greece needing to focus on improving the ICT infrastructure and adoptio,” the report said.
