The study from Visa showed that 7 out of 10 Filipinos were shopping more on social media channels compared to websites and apps. In addition, it showed that 61 percent of Filipinos have actually been patronizing online, home-based businesses compared to the 53 percent that shop in large online marketplaces.
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.
Visa has partnered with Shopee to help support local small businesses who are selling on e-commerce platform. The tech firms will be creating campaigns to enable Visa cardholders to avail discounts when they shop at local merchants in Shopee.
The Visa survey also showed 73 percent of Filipino consumers said they are most likely to increase or sustain their current online shopping, similar to global shoppers (72 percent).
Visa's targeted network of 700 contactless payment terminals across 16 locations around the country now includes Robinsons departments stores and supermarkets.