Saturday, April 27, 2024
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digital payments

E-payment transaction value in PH reached 20% in 2018

E-payment usage has also significantly gone up, rising from just 1 percent in 2013 to 10 percent in 2018.

BSP increases target in e-payments transactions to 30% by 2020

The BSP and several payments industry players also launched a program called QR PH, which is eyed not only to increase e-payments, but also to secure payment transactions.

BSP eager to make digital payments pervasive in PH

BSP governor Benjamin Diokno said the use of QR codes is safer than bringing cash since people are less vulnerable to theft and counterfeit money.

Infographic | Five tips to secure your online payments

Cybercriminals are growing in sophistication, and they are constantly finding new ways to victimize consumers and breach enterprises.

BSP says rise of digital payments in PH ‘very encouraging’

While satisfied with the growth of digital payments in the country, the BSP said it is targeting for the Philippines to become a "cash-lite” society -- and not "cashless" -- for now.
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