E-money payments in Southeast Asia, excluding the Philippines, grew to $26 billion in 2019 from $15 billion in 2018, according to S&P Global Market Intelligence’s latest Southeast Asia E-Money Market Report.
Tag: digital payments
One of the proposed measures is House Bill 6646, which creates a Bangko Sentral Digital Peso (BSDP) as a medium of exchange or as money for use on all digital and means.
Digital installment payment platform BillEase has announced its partnership with e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring “Buy Now, Pay Later” to online retailers in the Philippines.
Indonesia-headquartered digital payment firm Xendit has officially launched its operations in the Philippines in an attempt to take advantage of the booming market for electronic transactions in the country and the rest of Southeast Asia.
BSP governor Benjamin Diokno said that if the multiple daily clearing of PesoNet transactions works smoothly, then the central bank will allow clearing for these transactions on weekends and holidays.
Digital bank ING Philippines announced on Tuesday, Nov. 24, the launch of its payment account “ING Pay” that is designed to make digital payments more convenient and secure.
Current indicators show that the Philippines is ready to shift to digital payments and other financial technology (fintech) innovations. The Philippine government, particularly the Bangko
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.