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News and Events

Mirroring Giant Telcos: Is a Duopoly Emerging in Digital Payments Too?

A BSP study uncovers the electronic money issuers leading the race for consumer awareness

Only 1.3 percent of the country’s adult population, which translates to around 900,000 Filipino adults, have an electronic money (e-money) account, according to the Bangko Sentral ng Pilipinas (BSP).In its 2017 Financial Inclusion Survey, the BSP defines e-money accounts as “a transactional ...

by Lorenzo Kyle Subido  | July 13, 2018 01:00:00
News and Events

You Can Now Enjoy Cashless Bus Rides at the Araneta Center Bus Port

Making your trip all the more convenient

Provincial buses are a reliable way to reach an out of town destination, but it can get pretty uncomfortable carrying a wad of cash to pay for your fare at a crowded bus terminal. Thankfully, there is now a cashless way to ...

by Jeremiah Capacillo for Spot.ph  | June 28, 2018 12:00:00
News and Events

Did You Know Your Ordinary-Looking Beep Card Could Usher the Next Big Digital Trend?

Rather than a dramatic disruptor like Uber, new technologies will likely augment existing industries, says IDC

For digital disruption in the Philippines to have a wide and lasting impact, they must be “non-disruptive,” according to International Data Corp. (IDC), which unveiled its top information and communications technology (ICT) predictions for 2018 and beyond in a briefing on February ...

by Lorenzo Kyle Subido  | March 01, 2018 09:00:00
News and Events

PayMaya, GCash QR Code Tech Can Now be Used for Payments in The SM Store and Other Large Retailers

The two telco-powered mobile wallets are slowly working toward the BSP’s vision of a cashless Philippines

Last January 17, PLDT-backed mobile wallet operator PayMaya formally launched a partnership with The SM Store, the department store unit of mall operator SM Prime Holdings, allowing consumers to use the app’s scan-to-pay feature when buying from the retailer. Though PayMaya began ...

by Lorenzo Kyle Subido  | January 18, 2018 02:00:00
News and Events

Can PLDT Tempt Consumers to Sign Up for its PayMaya Mobile Wallet With McDonald’s Burgers and Fries?

Half of the fast-food’s delivery customers order using the web and mobile apps; they may be ready to pay digitally too

PLDT Chairman Manny Pangilinan and Golden Arches Development Corp founder Goerge Yang celebrate the partnership with Ronald McDonaldIt’s a well-known business maxim that you need a truly compelling use case to push customers to adopt new technologies on a massive scale. Without ...

by Elyssa Christine Lopez  | January 14, 2018 10:00:00
News and Events

How GCash and PayMaya are Trying to Wean Pinoys from Cash and Shift to Digital Payments

The two telco-backed e-wallet platforms turned to key partners to make big strides in 2017

“Philippines—I think you have the opportunity to make the world’s best fintech, because you have so many mobile phones, more than 7,000 islands. We should make Philippines a cashless society. When you have a cashless society, [there is] no corruption. Life is ...

by Lorenzo Kyle Subido  | January 02, 2018 09:00:00
News and Events

Jack Ma is Poised to Disrupt PH’s Trade and Payments System, and Why That’s a Good Thing

The Alibaba founder has stakes in the country’s biggest online store and leading fintech company

Jack Ma (second from left) walks with his Philippine partners Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala. Ma's Ant Financial has a stake in Mynt, Globe Telecom's fintech unit, its first investment in the Philippines.With more than 276,000 viewers ...

by Pauline Macaraeg and Lorenzo Kyle Subido  | October 27, 2017 05:00:00
News and Events

GCash, PayMaya Move Closer to Emulating Jack Ma's Cashless Payment System for PH

The two leading mobile wallets launched scan-to-pay features to ease payments for brick-and-mortar retailers

The country’s two leading telco-powered mobile wallets, Smart Communications’ PayMaya and Globe Telecom’s GCash, rolled out a new “scan to pay” feature that allows users to scan quick response (QR) codes with their smartphones in order to pay for products and services ...

by Lorenzo Kyle Subido  | October 25, 2017 03:00:00
News and Events

Which PH Tycoons Are Partnering with Their Potential Disruptors?

PwC’s 2017 Philippine Startup Survey says big businesses are tying up with innovative startups

Among the many roles worn by a startup is that of a disruptor. Many startups describe their technology, products and/or services as disruptive of incumbent industry players. They are changing the game by offering an innovative solution that is more efficient than ...

by Lorenzo Kyle Subido  | October 20, 2017 01:00:00
News and Events

How Do You Send Money Using Facebook Messenger?

And is it safe?

On September 22, Facebook Philippines, together with PayMaya and GCash, announced that Filipinos can now send money to friends, pay bills, and buy mobile load and data using Facebook messenger. These groups agree that this is a step towards financial inclusivity for financially ...

by Nicai de Guzman  | September 30, 2017 10:00:00
News and Events

You Can Now Send Money, Pay Bills and Buy Load Through Facebook Messenger

The social media giant partners with PayMaya and GCash to provide mobile financial services in the PH

Social media platform Facebook has partnered with Philippine mobile wallet platforms PayMaya and GCash to offer financial services via its communication app Messenger. Through PayMaya and GCash chatbots integrated with the app, Messenger users are now able to transfer money to their ...

by Lorenzo Kyle Subido  | September 22, 2017 05:00:00
News and Events

PH E-Money Transactions Soar Past Php1 Trillion in 2016

Electronic money use more than tripled from only Php348 Billion in 2013

If you are a regular user of mobile e-wallet apps such as PLDT’s Smart Money and Globe’s G-Cash to pay for goods and services, you’re part of the reason why the volume of electronic money transactions surged to Php1.1 trillion last year, ...

by Lorenzo Kyle Subido  | May 24, 2017 11:00:00
News and Events

PayMaya Reaches Out to Millennials, Eyes ASEAN Expansion to Scale Up

PLDT’s mobile money unit launches marketing campaign aimed at Filipinos aged 15 to 32

PayMaya's latest campaign is aimed at millennials, introducing new brand ambassadors from the generation. From left: Alyssa Valdez, Jappy Agoncillo, Ava Te-Zabat, Louis Faure and Wiji LacsamanaPayMaya Philippines, which runs the country’s first and largest mobile money and payments service, has launched ...

by Lorenzo Kyle Subido  | May 03, 2017 03:00:00
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