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Study reveals decline in cash payments in PH amid rise in cashless transactions

According to Visa’s latest Consumer Payment Attitudes Study, cash usage in the Philippines saw a notable decline in cash usage to 87% in 2023 from 96% in 2022.

Pinoys split between cashless, cash payments — report

The company said amid reports that cash is still king when it comes to the preferred payment method for online shopping, it is seeing a more neck-and-neck comparison among its customers.

Cashless payments in PH surging, says new Visa report

Although cash remains a commonly used payment method, the study highlights that a substantial 82% of Filipinos attempted to embrace cashless transactions in 2022.

Study reveals cashless payments of Pinoys increasing

In 2021, the pandemic continued to be the main driver of online shopping growth, especially digital purchases made via e-commerce apps.

Study: Pinoys starting to embrace cashless payment, digital shopping

The study from Visa showed that 7 out of 10 Filipinos were shopping more on social media channels compared to websites and apps. In addition, it showed that 61 percent of Filipinos have actually been patronizing online, home-based businesses compared to the 53 percent that shop in large online marketplaces.

Digital payments overtake cash in online shopping in 2020, says PayMaya

Cashless modes of payment have most likely reached a tipping point in 2020.

Tollways to go 100% cashless by Jan. 11 as SMC completes 156 RFID sticker stations

SMC said it converted all but one of its 66 dedicated “onsite” or toll plaza stations into 24/7 stickering stations.

SMC eyes 156 Autosweep RFID stations by year-end

SMC reported opening a total of 42 new stations in the last two weeks, in addition to the 53 stations it had as of November, bringing the current total to 95 stations.

Senate adopts resolution calling for DOTr to suspend RFID implementation

The Senate adopted on Monday, Dec. 14, Senate Resolution 596 asking the Department of Transportation (DOTr) to immediately suspend the implementation of cashless transactions on tollways.

Velasco asks DOTR to extend RFID deadline to March 2021

House speaker Lord Allan Velasco estimated that it would take more than two years for all vehicles using the tollways to be provided with the RFID stickers.
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