Conduct of the first BSP Consumer Payments Survey

The Bangko Sentral ng Pilipinas (BSP) will be conducting the first Consumer Payments Survey (CPS) in the last quarter of 2020.

The CPS is a national survey which seeks to measure the actual use of digital payments nationwide by individual consumers aged 15 years old and above.

The BSP has engaged the services of Kantar Philippines, Inc., an independent market research firm, to conduct the survey operations.

All necessary precautions will be taken by the BSP to continuously safeguard the privacy of the survey data.

All information collected will be treated with the strictest confidentiality and used exclusively for policy formulation purposes.

Equally important, the CPS survey will be conducted with utmost adherence to established health protocols.

Visits by Kantar researchers to selected households around the country will also be coordinated with local government authorities to ensure safety.

We strongly encourage the selected individuals to participate in the CPS.

The results of the CPS will guide the BSP in its various efforts to increase the use of digital payments to at least 50 percent of retail payments and enable at least 70 percent of Filipinos to own financial accounts by 2023.

Information about the conduct of the CPS may also be found on the Philippine Statistics Authority (PSA) website through the following link: http://www.psa.gov.ph/content/psa-approves-conduct-2020-consumer-payments-survey-0.