management body pursuant to the national payment systems act and the recently issued payment system oversight framework which implements this act. needless to say that the bsp views the ppmi as an important ally in reshaping our payments landscape. but this is not the time to rest on our laurels. there is still much to be done. ( 2 clicks ) now that the “ ber ” months have begun, i made sure that my christmas wish list includes further developments in this path we take together. firstly, i wish that the ppmi make greater strides in expanding the egovpay by persuading more banks and e - money issuers to take part in the egovpay ecosystem. we can optimize the use of egov pay only if there are more payment service providers offering this facility. secondly, i urge the pesonet participating - institutions to support the electronic transmission of the social security system ( sss ) benefits and loans. please ensure that the end - to - end payment process will run smoothly. there are close to 3 million pensioners who will depend on pesonet to safely and efficiently receive their sss benefits starting next month. let ’ s take it upon ourselves to ensure that our countrymen get what they deserve, especially throughout this pandemic. i understand that ppmi is working with the bsp in improving the frequency of the pesonet clearing and settlement cycle from presently, once a day to multiple times a day including weekends, if feasible. 2 / 3 bis central bankers'speeches i welcome this initiative as it will not only speed up the payment process for high - value transfers, but also support the funding requirements for business firms which are the among the critical movers of the economy. the next one i have been looking forward to is the establishment of a bills pay facility. as you may know, currently, the country has a fragmented bills payment mechanism where a biller typically must make a bilateral arrangement with a psp if the biller wants to electronically collect from the clients of said psp. this inefficiency calls for the establishment of an integrated bills pay facility, where a biller can collect from the payers even if the psps of the payers are different from that of the biller. on qr ph, i hope to see micro and small merchants accepting payments using the person - tomerchant or p2m qr ph. i understand that the pandemic has placed some operational constraints

- 4, the action plan calls for the increase in the number of dedicated terrorism financing ( tf ) investigators and the enhancement of tf investigation and prosecution capacity, including regular specific financial investigation training on different types of tf activity. also, a dedicated staff with specialized knowledge on financial crimes must be ensured within law enforcement agencies ( leas ) with financial investigation units. as required by the action plan, the philippines has significantly increased its counter - terrorism financing ( ctf ) resources and has boosted tf investigation and prosecution capacities of leas, national security agencies ( nsas ), and relevant government agencies, particularly in comparison to the resources and capacity during the period covered by the mutual evaluation. as mentioned before, a noteworthy initiative is the philippines ’ deputation program to increase ctf manpower by designating force multipliers from various leas and nsas called deputized amlc financial investigators or dafis. currently, there are 486 dafis and 807 support personnel with leas having own terrorism and tf units. this is no small feat as it shows a proactive and robust national policy in increasing tf resources to support tf identification, investigation, and prosecution, which are indicated in the action plan item. the philippines continues to work toward demonstrating positive and tangible progress, and we further appeal that you look upon the country ’ s efforts with fairness, considering the many constraints and hazards posed by the ongoing health crisis. thank you, and we look forward to a productive and enlightening dialogue ahead.