Accelerating Digital Financial Services and Infrastructure

The ninth Policy Actions for COVID-19 Economic Recovery (PACER) Dialogue on “Accelerating Digital Financial Services and Infrastructure” discussed policies and measures that can help countries accelerate the growth of digital financial services anchored on strong digital infrastructure amidst COVID-19. Over 60 government officials and private sector representatives from Southeast Asia and the People’s Republic of China attended the event sharing country experiences and lessons on digital financial services and infrastructure policies and measures taken to mitigate the negative effects of the COVID-19 pandemic and accelerate recovery.

The ninth session of the PACER Dialogues aimed to:

  • promote improved understanding of policies that can better harness the potential and accelerate the growth of digital financial services anchored on strong digital infrastructure in the post COVID-19 new normal;
  • feature the experience of the Republic of Korea and lessons on effective use of digital financial services in mitigating impacts of COVID-19 and accelerating recovery; and,
  • provide a platform for policy makers and development planners to share knowledge and experience and collaboratively learn from each other.

Concept Note and Program

PAPER - Digital Financial Services and Infrastructure under COVID-19

POLICY BRIEF - Building the Infrastructure for Digital Finance during COVID-19 and Beyond


PACER Dialogues Main Page


Program and Learning Materials: 

Session/Activity Presentation Material/s Speaker(s)
9th PACER Dialogue – Overview and Objectives Alfredo Perdiguero, Director, Regional Cooperation and Operations Coordination Division, Southeast Asia Department, Asian Development Bank (ADB)
Presentation 1

Accelerating Digital Financial Services and Infrastructure amid COVID 19 and Beyond
Presentation on policies and measures that can better harness the potential and accelerate the growth of digital financial services anchored on strong digital infrastructure amid COVID-19 and beyond. Country-level, regional and global experience and lessons and global good-practice examples highlighted.

David Lee Kuo Chuen, Professor, Singapore University of Social Sciences
Presentation 2

Korea Financial Telecommunications and Clearings Institute's Centralized Digital Payment System
Presentation on unique centralized interoperable digital payment infrastructure which makes the Republic of Korea one of the advanced countries in the digital finance sector and its open-banking platform allowing fintech companies to access and utilize information that traditional financial institutions have. Good practices, lessons and insights on effective use of digital financial services in mitigating the impact of COVID-19, accelerating recovery and thriving in the post-COVID-19 new normal featured.

Hae-Rok Ko, General Manager, Center for International Cooperation, Korea Financial Telecommunications and Clearings Institute
Open Discussion and Questions Junkyu Lee, Chief, Finance Sector Group, Sustainable Development and Climate Change Department (SDCC), ADB (Moderator)
Synthesis and Summary Junkyu Lee, Chief, Finance Sector Group, SDCC, ADB