The electronics sector, which accounts for over half of the country’s total merchandise exports, experienced a steep 18.8% decline in export value from January to May this year.
It is not business as usual yet in the information technology and business process management (IT-BPM) space, but the sector continues to open job opportunities amid the pandemic, industry group IBPAP said.
The BSP earlier said that volume of InstaPay transactions during the ECQ in Luzon from March 17 to May 12 rose by 84%, while PesoNet transactions grew by 24%.
PayMaya said Smart Padala agents in select areas around the country are now equipped with QR codes to encash funds for beneficiaries of the second tranche of the DSWD’s Social Amelioration Program (SAP).
The highly touted common tower policy of the government appears to be going nowhere as local operator Globe Telecom announced on Thursday, July 9, that it is putting up its own cell sites in different parts of the country this year.
GCash saw the value of transactions for payments to the BIR increased by 117 percent to P574.89 million in the first half of 2020 from P265.19 million the year prior.
The city government of Manila has launched around 90 of new vendor stalls that will be equipped with PayMaya QR as it prepares to restart the local economy following the continuing quarantine in the city.
BPI said online payments have become a more prominent part of business operations as it allows businesses to recover sales lost from physical stores by putting more focus on online sales channels.
BSP governor Benjamin Diokno said monetary authorities consider as a success the rise in e-payments during the ECQ because of the expansion in the volume and value of transactions.
