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BSP urges use of digital wallets in gift giving

ABS-CBN News
Posted at Nov 22 01:09 PM

The Bangko Sentral ng Pilipinas said Monday it is encouraging the public to use digital wallets when sending cash gifts this holiday season. Read more »

GCash not keen having own digital bank

Art Fuentes, ABS-CBN News
Posted at Nov 15 08:54 PM

GCash said it has no plans of applying for a digital banking license like its main competitor as it prefers to remain a platform for other financial institutions. Read more »

GCash eyes launching 'buy now, pay later' service

ABS-CBN News
Posted at Sep 22 08:51 PM

Buy Now, Pay Later is a short-term financing service that lets consumers buy items and pay for them at a future date, often interest-free. Read more »

Vendors in Farmers Market in Araneta City going cashless with GCash

ABS-CBN News
Posted at May 25 04:00 PM

Mobile wallet GCash said Tuesday it partnered with Araneta City to implement cashless transactions in Farmers Market in Quezon City. Read more »

PayMaya offers cashback for bills payments this May

ABS-CBN News
Posted at May 10 02:46 PM

PayMaya said users who settle two bills worth at least P1,500 each will automatically get a P50 cashback. Read more »

'One-time' P20,000 para sa EC pensioners ibibigay nitong Mayo: GSIS

ABS-CBN News
Updated as of May 08 06:20 PM

Makakakuha ng P20,000 ang mga EC pensioners, o ang mga pensioner nila na maaagang nagretiro sa serbisyo sa gobyerno dahil sa kanilang karamdaman.    Read more »

AirAsia Philippines taps GCash for flexible, cashless payment option

ABS-CBN News
Posted at Apr 19 11:29 AM

AirAsia Philippines said Monday it partnered with mobile wallet GCash to offer passengers with "flexible" and cashless payment option for flights and other add-ons when booking on its app or website. Read more »

Intramuros taps PayMaya for cashless payments as tourist sites reopen

ABS-CBN News
Posted at Feb 23 05:33 PM

PayMaya said tourists can use its app's QR scan feature to pay entrance and other fees in Intramuros' historic sites which reopened on a limited-capacity basis to the public.  Read more »

PayPal profit tops estimates as pandemic drives online spending to record levels

Noor Zainab Hussain, Reuters
Updated as of Feb 04 09:34 AM

PayPal Holdings Inc beat Wall Street estimates for quarterly profit on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions driving record levels of payment volumes for both the quarter and the year.   Read more »

Pagdinig ng Senado sa isyu ng RFID system, kasado na sa Huwebes

ABS-CBN News
Posted at Dec 16 03:52 PM

Kasado na ang pagdinig ng Senado sa Huwebes sa usaping RFID system sa North Luzon Expressway (NLEX).   Read more »

Gatchalian wants toll holiday on entire NLEX

ABS-CBN News
Posted at Dec 14 12:55 PM

Sen. Sherwin Gatchalian on Monday proposed implementing a toll holiday on the whole of the North Luzon Expressway while the RFID system is malfunctioning. Read more »

'System isn't ready': Senate panel to summon DOTr chief Tugade over RFID mess

Katrina Domingo, ABS-CBN News
Posted at Dec 10 07:07 PM

Sen. Grace Poe on Thursday said Department of Transportation (DOTr) Secretary Arthur Tugade would be summoned to the Senate to "answer for the lamentable experience of motorists" passing through toll booths using an "ill-studied" cashless transaction system. Read more »

Deadline sa mandatory cashless toll sa mga expressway walang extension

ABS-CBN News
Posted at Dec 02 07:25 PM

Hindi na magbibigay ng extension ang mga awtoridad sa pagpapatupad ng mandatory cashless transactions sa mga expressway.   Read more »

Pinoys increasingly preferring digital payments, says Paypal survey

ABS-CBN News
Posted at Nov 13 06:10 PM

The pandemic has sped up the adoption of digital payments in the Philippines, according to a recent survey by online payments service provider PayPal.  Read more »

RFID installation allowed beyond Nov 2 to pass through NLEX, SCTEX, other Metro Pacific tollways

ABS-CBN News
Posted at Oct 24 12:21 PM

MANILA— Vehicles passing through NLEX, SCTEX and other tollways operated by the Metro Pacific Tollways Corp may get RFIDs installed beyond the deadline on Nov. 2, as the toll gates shift fully to cashless payments as a measure against COVID-19.    Read more »

Bangko Sentral unveils digital payments roadmap

ABS-CBN News
Posted at Oct 12 10:32 PM

The Bangko Sentral ng Pilipinas on Monday said it wants to raise the share of digital payments to 50 percent of all retail transactions and expand financial inclusion to 70 percent of Filipino adults by 2023. Read more »

DOTr suspending mandatory use of Beep cards for EDSA buses starting Oct. 5

ABS-CBN News
Updated as of Oct 04 11:02 PM

The government on Sunday said it is suspending the mandatory use of beep cards for EDSA buses starting Monday Oct. 5 amid complaints over the cost of the cards. Read more »

Beep card operator 'working' with gov't to improve cashless payments, says P80 cards 'partially subsidized'

ABS-CBN News
Posted at Oct 02 05:52 PM

AF Payments Inc, the operator of stored value beep cards used by train lines and buses said Friday it was working with the government to improve the cashless system and that the cards at P80 each were selling "at zero-profit." Read more »

EDSA Busway to go cashless to prevent coronavirus spread

ABS-CBN News
Posted at Sep 29 10:13 AM

The EDSA Busway will go cashless beginning Thursday as it will implement a "no Beep card, no ride" policy, the Department of Transportation said. Read more »

Virus lockdowns drive 'exponential growth' in online banking: Security Bank

ABS-CBN News
Posted at Sep 11 01:50 PM

Security Bank said Friday it saw an "exponential" increase in online banking transactions in the last few months due to the lockdowns imposed to stem the spread of COVID-19. Read more »