online-payment | ABS-CBN News

What does BSP chief Medalla think of e-wallets?

Jekki Pascual, ABS-CBN News
Posted at Nov 22 03:46 PM

There’s still room for improvement in the convenience of e-wallets, according to the head of the Bangko Sentral ng Pilipinas. Read more »

Bangko Sentral partners with SM for cashless push

Jekki Pascual, ABS-CBN News
Posted at Oct 18 06:02 PM

The Bangko Sentral ng Pilipinas on Tuesday said it has partnered with mall operator SM to push its cashless payments program. Read more »

GCash now allows users to shop for houses, condos

ABS-CBN News
Posted at Oct 03 04:56 PM

The Ayala-led fintech said Ayala properties can be browsed on the app's GLife feature including the brands Ayala Land Premier, Alveo, Avida and Amaia. Read more »

PESONet, InstaPay transactions reach P5.37-T in first 7 months

ABS-CBN News
Posted at Sep 15 02:28 PM

The combined value of electronic transfers PESONet and InstaPay reached over P5.37 trillion in the first seven months of the year, BSP data showed. Read more »

GCash says 300k sari-sari stores, vendors, drivers on platform

ABS-CBN News
Posted at Jun 02 12:53 PM

The Ayala-led fintech said over 240,000 sari-sari store owners now have access to its services,. Read more »

GCash says platform now has over 60 million users

ABS-CBN News
Posted at May 24 01:45 PM

GCash has reached a milestone with over 60 million registered users nationwide, or 83 percent of adult Filipinos, the Ayala-led fintech said on Tuesday. Read more »

Duterte EO on gov't digital payments to cut corruption: BSP

ABS-CBN News
Posted at May 17 05:19 PM

Among the benefits of utilizing digital payments in government transactions is reducing the risk of corrupt practices, the Bangko Sentral ng Pilipinas said Tuesday. Read more »

PayMaya eyes test launch of Maya Bank late this month

Jessica Fenol, ABS-CBN News
Updated as of Mar 03 07:08 PM

PayMaya's digital bank Maya Bank will begin its test launch later this month, less than 6 months after it secured a digital banking license from the central bank, its president Shailesh Baidwan said Thursday. Read more »

What to do when online fund transfers go missing

Aneth Ng-Lim
Posted at Jan 24 04:37 PM

There’s nothing like missing funds to make people go to great lengths to recover their hard-earned money. Read more »

GCash says app, services restored after 4-hour outage

ABS-CBN News
Updated as of Jan 11 10:08 PM

The GCash app and its services have been restored after a four-hour outage. Read more »

Amazon to end Visa card payments in UK over high fees

Agence France-Presse
Posted at Nov 19 08:38 AM

Online retail giant Amazon said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees. 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 »

Crypto gains traction in porn amid OnlyFans drama

Agence France-Presse
Posted at Aug 30 10:40 AM

Porn stars, sex workers were taking a closer look at cryptocurrency payments in the wake of a series of troubles with the mainstream financial system. Read more »

GCash in no hurry for IPO, eyes more growth

Art Fuentes and Bruce Rodriguez, ABS-CBN News
Updated as of Aug 10 02:46 AM

Mynt, the operator of GCash, has no problems with fundraising and doesn’t “need to go public right now,” said the head of its parent firm. Read more »

Shopee says online payments surged 4x due to pandemic

ABS-CBN News
Updated as of Jul 15 03:18 PM

The pandemic-induced shift in consumer behavior in the Philippines resulted in e-commerce growth as well as a surge in online payments, Shopee Philippines Director Martin Yu said Thursday. Read more »

Nearly 100 percent of ITRs filed online this year- DOF

ABS-CBN News
Posted at Jun 03 03:09 PM

At least 1.43 million or nearly 100 percent of the total number of annual income tax returns (ITRs) for 2020 were filed online as the government beefs up its digitalization efforts, the Finance Department said Thursday. Read more »

EU set to unveil plans for bloc-wide digital wallet: Financial Times

Reuters
Posted at Jun 01 04:39 PM

The European Union (EU) is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services online, the Financial Times reported. Read more »

Viber raising group video call capacity to 30 participants

ABS-CBN News
Posted at Apr 26 08:53 PM

Messaging app Rakuten Viber has expanded its group video call capacity to up to 30 participants from 20 previously, the company said on Monday. Read more »

PayPal allows US shoppers to make cryptocurrency purchases

Agence France-Presse
Posted at Mar 31 07:08 AM

PayPal on Tuesday began allowing people in the United States to use cryptocurrency to make purchases from millions of merchants that use the financial platform for online transactions. Read more »