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Great design doesn’t distract people, it keeps them focused on what they are doing, feeling, and achieving.
Patrick Faller
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In the end of the day, we are all humans. We love the work we do, but we also want to make sure we like and respect the people we work with. We are spending several hours of our day with one another — sometimes more time than we’re spending with our family and friends. Building an environment where people feel comfortable, and a workspace people look forward to every morning will not only improve your team productivity, but the quality of the time you all spend together.
We can be inactive and be part of the problem and be proactive and be part of the solution. We choose the life we live.
Tony Meloto, Gawad Kalinga Founder
Clearly, the BSP sees the benefits of going cashless. Cash is costly to handle – you need to employ people to count, store or transport it, hence the fees banks charge consumers. It can also be dangerous to carry around.
On the other hand, mobile and other digital payments are quick and easy to scale, which translates to lower fees. They’re also transparent, as transactions are recorded electronically and can be tracked.
Most important of all, they allow the poor and unbanked to participate more broadly in the financial economy.
That’s why the central bank is doing its best to pave the way for a cash-lite society. It may be some way off, but experts think the Philippines is on the cusp of a digital payments revolution.
