Moving towards a Cashless Society

E-commerce surged largely out of necessity but research shows that there is no going back and contributing to this growth are innovations in digital payments to be a solution to online consumer preferences. According to Joel Henckel, SVP, US Market Acceptance of MasterCard, the transaction volume of card-not-present surpassed card-present last March 2020 and has not gone back down since.

Make The Switch: Online Payments

Consumers now prefer the ease of everything and anything online. A majority of Filipinos own a smartphone where they use to communicate, take photos, work, and even pay.

Online payments offer a hassle-free experience to consumers and the benefit of saving lots of time. It provides small to medium businesses operational efficiency to meet the needs of modern consumer expectations when purchasing products or availing a service.

LGU’S Go All-Out Digital!

Hey there, want to know today’s latest trend in the Philippine digital market economy? The Philippine Local Government Units aim to implement digital transactions that will promote efficient service delivery, accelerate transactions, and boost income to help entrepreneurs like you.…

Payment Methods: How It Started vs How It’s Going

In early history, payments were done through bartering, an exchange of goods, which were later done through a token that held economic value. These modes of payment also had its own challenges: from trying to transport goods from one place to another as well as trying to avoid meeting thieves and robbers on the way to work.

Reasons Why Cash is No Longer King

While the whole world was put on a sudden pause, the new normal introduced a different routine as people worked around safety guidelines implemented by the government and health sectors all over the world. One thing we noticed is the transition to cashless payments. In the recent PayPal 2020 PH Consumer Survey Results, 93% of the consumers surveyed preferred digital platforms over cash and 87% of those surveyed increased their usage of online payments during the pandemic.