SGV Financial Services Organization (FSO) Senior Manager Dominique Raissa Torralba and International Tax and Transactions Services (ITTS) Manager James Edward Agbayani were resource speakers in the 2023 JP Morgan Payments Forum held at the Grand Hyatt Manila. Participants from different business organizations attended the event.
(From left to right) James, JP Morgan Philippines Executive Director and Payments Head Sari Mortel, Dominique, and JP Morgan Philippines Vice President and Philippines Client Service and Implementation Head Reginald Cruz
Dominique and James discussed payments and e-invoicing, including insights on the latest trends and developments in the payments industry, and how the reliable and secure implementation of e-invoicing would spur greater digital payments adoption, and vice versa.
FSO Senior Manager Dominique at the JP Morgan Payments Forum
FSO Manager James during his presentation
Dominique shared insights on the country’s attainment of the targets set by the Bangko Sentral ng Pilipinas, based on the digital payment adoption trend of different segments of users. Dominique also discussed the state of digital payments adoption in other jurisdictions, and how policies and processes put in place led to gains in the payments industry and were mutually beneficial for e-invoicing and taxation initiatives.
James, on the other hand, shared updates regarding the government’s goal towards digitalization through the implementation of the e-Invoicing system (EIS). He discussed the timeline of EIS implementation, as well as the aspects which companies need to adhere to and prepare for.
James and Dominique closed the discussion with an overview of what companies could expect in terms of the flow of their billing and payment processes considering the linkage of digital payments and e-invoicing.
Other speakers were JP Morgan Philippines Equities Research Head Jeanette Yutan and JP Morgan Cybersecurity Operations Lead and Cybersecurity & Technology Controls, Asia Pacific Intelligence Group Head Adonis Polychronopoulos. The speakers provided valuable insights on several topics, such as the “Philippines Macroeconomic Outlook and Cybersecurity Essentials: Staying Ahead.” An open forum was also conducted after each speaker’s presentation.
Dominique and James during the Q&A session
EXL Health and Philippines Business Finance and Pricing Head Dipto Sen and JP Morgan Asia Pacific Digital Channel Product Solution Sales Lead Steffanus Widjaja also participated as panelists during the panel discussion on “Leveraging Technology for The Future of Treasury and Payments,” which was moderated by JP Morgan Singapore and ASEAN Treasury Services Product Head Gundeep Singh.
JP Morgan Payments Forum participants
JP Morgan Philippines Senior Country Officer and Banking Head Carlos Mendoza gave the welcome remarks, while JP Morgan Philippines Global Corporate Bank Head Richard Lee concluded the session by delivering the closing remarks and thanking the participants.
