The volume of GCredit transactions during the during the first half of the year rose by 26 percent to over 2 million transactions from 1.7 million transactions the previous 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.
GCash said among the transactions used by its subscribers were fund transfers, which included InstaPay, and online payments to Google, Apple, Lazada, and various other merchants.
GCash said it coordinated with NBI that led to arrest of three individuals in Quezon City after they swindled money from victims, whose identities were also stolen.
Saying that cash should get into the hands of the poor at once, Sen. Francis Pangilinan made a pitch to use telecommunication companies for mobile money transfers in distributing assistance amid the Covid-19 crisis.
With most Filipinos staying at home because of the enhanced community quarantine, many are turning to online donations as a way of helping those severely affected by the Covid-19 outbreak.
Sending allowance for children and family members is the top reason for money transfers, and e-wallets are seen to become increasingly relevant and attractive as it provides more functions and benefits.
