Infographic: Mobile payment systems in the Philippines

MoneyMax.ph

Posted at Dec 21 2014 11:09 AM | Updated as of Dec 21 2014 07:11 PM

(Editor's note: This article was written by MoneyMax, the Philippines’ foremost online platform for comparing financial and telecom products and services, for ABS-CBNnews.com. Find out more at MoneyMax.ph)

MANILA, Philippines - Our means of payment have come a long way ever since people started trading goods and services.

Bartering was one of the first payment systems and that evolved to cash payments. Now, cash is being supplemented by credit cards and other electronic payment methods.

Mobile payments can be the next step in payment evolution and this technology uses your smartphone in place of your wallet.

Check out these mobile payment systems that hope to revolutionize the way Filipinos do financial transactions.