In an effort to support Micro, Small, and Medium Enterprises (MSMEs), the local government of Baguio City has partnered with Visa and business school Thames International to enhance digitalization and improve the tourist experience.
Digital payment firm Visa has released its annual digital remittances adoption report, which revealed that the bulk of remittances to the Philippines was sent and received through digital platforms.
Global Money Week is an annual global initiative raising awareness about the importance of financial literacy and inclusion for young people and adults.
Although cash remains a commonly used payment method, the study highlights that a substantial 82% of Filipinos attempted to embrace cashless transactions in 2022.
The 2023 program will focus on developing solutions in the following areas: Web 3.0, global money movement, embedded finance, merchant and small business enablers, and open banking solutions.
Digital payments firm Visa announced on Monday, Sept. 2, the appointment of Jeff Navarro as its new country manager for the Philippines and Guam, succeeding Dan Wolbert, who has moved to a new role in Visa’s North American operations.
The program simplifies the onboarding process and will enable SMEs to sign up with PayMongo and start accepting digital payments within three to five working days.