PLDT Enterprise commits to further support digital adoption in PH banks

During the Fintech Asia Summit 2022, PLDT Enterprise has expressed its commitment to reinforcing its programs designed to accelerate digital adoption among local banks and support the needs of the increasing number of consumers of digital financial services.

Fintech Asia Summit 2022

PLDT Enterprise commits to further support digital adoption in PH banks

PLDT FVP and Enterprise Revenue Group Head Vic Tria note that the company is continuing their network buildout, together with Smart, to strengthen the capacity of consumers, banks, and businesses to transact digitally.

The executive shared that last year alone, PLDT allocated PHP 88 billion in capex guidance and a bulk of it is for network upgrades.

This pandemic has delivered unexpected changes and challenges for the banks, as many Filipinos were forced to become part of the digital banking ecosystem. And as a result, we've seen an increased emphasis on digital even among rural and cooperative banks specially with increasing fintech players in the country, said Tria.

All of this to equip digital consumers, as we continue to invest in new technologies and solutions, cybersecurity, and data center facilities for the banks, ensuring a really capable digital environment, Tria shared.

Apart from network buildout, PLDT Enterprise has yet to share the rest of its plans to accelerate the growth of digital adoption in PH banks.

To those who missed it, FinTech Asia Summit 2022 is a digital conference that brings together the most influential leaders of the global financial and business community to discuss relevant developments and trends in finance.