A new Visa research report said remittance users in the Philippines and Singapore have overwhelmingly adopted app-based digital payments, with more than half of surveyed users citing ease of use and security as key reasons for going digital.
The approximately two million Filipinos living and working in the US will now be able to use MoneyGram to send money via Visa Direct either on MoneyGram’s website or mobile app, to any PayMaya account holder in the Philippines using their 16-digit Visa physical or virtual card number.
The launch by PayPal of Xoom, its international money transfer service, in Canada has enabled Filipinos living in that country to use Xoom to send money, pay bills, and reload phones for loved ones living in the Philippines.
A city legislator has urged all local banks to allow persons with disabilities (PWD) to open an account after it was reported that a group of visually-impaired persons were unable to remit their government contributions through a small lender.
Online shopping platform Shopee said 2016 was its banner year, thanks to remittances which boosted personal consumption spending and revenues from the business process outsourcing sector.
