E-commerce dominated over other businesses during the entire pandemic period that began in March 2020, a top executive in the credit card industry said.
Although the pandemic has paved the way for the rise of electronic payments, the lockdowns imposed by the government are taking a big toll on the local credit card industry.
As country manager, Simon Calasanz will focus on accelerating acceptance and usage of digital payments, especially for smaller merchants and businesses, while also expanding on Mastercard’s ongoing digital and financial inclusion initiatives in the country.
Ride-hailing app Grab has launched GrabPay Card in the Philippines, a digital-first prepaid card powered by Mastercard that brings the convenience of cashless payments to more Filipinos.
