As regulators encourage new players to enter the digital banking sector in the Philippines, banks that take the initiative can gain an early advantage.
In Asia, credit cards still have a stranglehold in developed economies like Japan (57%), South Korea (56%) and Singapore (42%). However, developing countries like Indonesia (40%), the Philippines (34%) and Vietnam (36%) prefer digital wallets to other modes of payment. "Many of t...
Tech Pilipinas is the Philippines' digital lifestyle and technology magazine, helping millions of Filipinos keep up with the challenges of the fast-paced, ever-changing world of technology.
In the foreseeable future, digital wallets will be more widespread than physical ones — if it’s not already the case in some regions. No business can ignore this novel payment method, and the tourism sector is no exception. This article explores how digital wallets function and what value ...
Value of digital payment transactions in Vietnam Value of domestic credit transfer transactions in Vietnam Most used online payment method among consumers in Vietnam Get more insights Report on the topic Top Seller Explore this report Related topics E-wallets in Vietnam Fintech in Viet...
Martha Sazon:In the Philippines, internet adoption was fast because of smartphone ownership. We circumvented the computer and went straight to mobile. A similar thing is happening with e-wallets: their role has evolved from being just for payments. People have become very creative ...
Digital payments in the Philippines hit 52.8% in 2023, up from 42.1% in 2022, indicating strong momentum towards a cash-lite economy.
Web3Auth is simple, non-custodial auth infrastructure that enables Web3 wallets and applications to provide seamless user logins to both mainstream and native Web3 users. Casper Labs As the lead investor & #1 holder during launch, our BUIDL Team & Advisory Team: ...
Access to mobile banking, digital wallets, and microfinance has allowed low-income entrepreneurs to secure capital for starting and growing businesses (He and Li 2019; Li et al. 2022; Wang and Fu 2021). Along with more favourable financing and lower transaction costs, digital finance reduces ...
In April 2020, Mastercard announced that it witnessed a 40% jump in contactless payments, including tap-to-pay and mobile pay. This shift accelerated the adoption of digital payments, favoring contactless methods like mobile wallets and cards. This trend bolstered the digital payment market, ...