PANALO
BusinessMembers•10 min read

Inside the BSP's Digital Peso Pilot

A members-only briefing on how far the central bank's wholesale CBDC pilot has actually progressed — and who it threatens.

Ramon Dela Cruz

Investigations & Dossiers Editor

Published Wednesday, July 15, 2026
Inside the BSP's Digital Peso Pilot
The Bangko Sentral ng Pilipinas building, Manila.
PANALO Audio Narration• 10:00

Inside the BSP's Digital Peso Pilot

Narrated by editorial staff

The wholesale digital peso pilot has been running quietly for eighteen months, mostly out of public view, mostly among a small consortium of banks that would rather not discuss it on the record.

We obtained briefing materials outlining the pilot's actual scope — considerably narrower than the BSP's public statements suggest, and considerably more threatening to a specific segment of the payments industry.

Members-Only Reporting

The rest of this story is for PANALO Members.

Filed Under

#BSP#fintech#digital peso#business
1 comment

Reader Discussion

J. Bautista

This is the kind of reporting I wish more Philippine outlets did.

About the Author

Ramon Dela Cruz

Leads PANALO's long-form investigative desk and quarterly dossier reports.

Further Reading in business

The Founders Making Y Combinator Look EastPanalo
Business
6 min read

The Founders Making Y Combinator Look East

A new class of Filipino startups is quietly rewriting what a YC batch looks like — and what Manila can build for the region.

Maria SantosJul 30, 2026