A recent online survey conducted by online payment firm PayPal revealed that 87% of Filipinos who were polled have increased their usage of digital payments during the pandemic, and 9 in 10 preferred to digital payments over cash during this time.
The Covid-19 pandemic has pushed digital payments to the forefront, but e-payment firm PayPal is warning that a host of financial crimes could soon spike as business transactions shift online.
The Phillipines will no doubt be a fascinating growth market for e-commerce and will leverage unique technological, business, and policy solutions to build and increase trust into the e-commerce ecosystem.
PayPal has now hired over 700 people for the new office, with the intention of enlisting 1,000 more employees by the end of 2020.
Cybercriminals are growing in sophistication, and they are constantly finding new ways to victimize consumers and breach enterprises.
More freelancers are turning into “solopreneurs”, seeing the need for a business plan and more business training as essential to their success as a freelancer.
The Philippines has one of the largest proportions of freelancers to total population in the world, with 2% of its economy made up of freelancers.