Choose a region: Philippines The coronavirus pandemic prompted a noticeable shift to digital payments in the Philippines. Even after restrictions were lifted, cashless transactions are here to stay, as Filipino consumers continue to opt for mobile wallets and card-based payments to complete their onlin...
I’m pretty much there since the start when Amor put together the whole movement. It is all really about an advocacy to push the Philippines to go digital,” Chiang told CoinGeek Backstage. Being one of the pioneers in providing alternative payments in the Philippines, C...
The Bangko Sentral ng Pilipinas (BSP) is launching its new digital payments in the Philippines with its new Request to Pay (RTP) and Direct Debit services. BSP Deputy Governor Mamerto Tangonan announced the RTP Cash-In Service will launch in the second half of this year. This service lets ...
The rise in digital payments in the Philippines was also highlighted in Philippine President Ferdinand Marcos Jr.’s latestState of the Nation Address(SONA). “More and more systems are now digital and cashless, assimilating individuals, MSMEs, and even agricultural workers. These have expedited tra...
MANILA, July 6 (Xinhua) -- The share of digital payments to total retail payments volume in the Philippines increased from 20.1 percent in 2020 to 30.3 percent in 2021, according to the data released by the Philippine central bank on Wednesday. ...
Shopee outlines three observations on digital payments in the Philippines: Increased adoption of digital payments among older users: 70% of the total number of purchases made using digital payments were by users between the ages of 18 to 34. However, older users are also starting to adopt digita...
Seamless transactions (bill payments, fund transfers) Loan options for personal and business purposes Virtual and physical debit cards Human-centric customer support UnionDigital Bank Joint venture between Union Bank of the Philippines and tech companies like Tencent and Explore. Launched in 2021. Hassle...
This month, Go-Pay announced it would soon be able to be used for merchant transactions outside of Go-Jek’s own services similar to how Alipay and WeChat Pay can be used in China,” he added. The growth of digital payments in the Philippines. Credit: Statista While competing with ...
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Digital start-ups are proliferating; traditional banks are investing in their digital offerings; and foreign banks and fintech service providers are expanding their presence in the Philippines. Two domestic payments services, GCash and Maya, are operating at scale, and global ...