Tag page - Digital payment

Electronic wallets are now a multi- trillion peso business for players PayMaya and GCash, thanks to the pandemic which forced Filipinos to go cashless. All of a sudden, in the last two years, digital payments and e-commerce boomed as previously unbanked Filipinos became e-wallet users for...

Payments infrastructure startup Xendit has become a Southeast Asian unicorn, securing $150 million Series C funding, after its Philippines launch last year. XENDIT-LOGOArtboard-1@2x Tiger Global Management led the round and existing investors - Accel, Amasia, and Justin Kan’s Goat Capital, also...

Mobile wallet app GCash and Airasia Philippines have partnered to allow travelers to pay digitally for flight, hotel bookings and travel retail items. Customers can pay for their Airasia plane fare and accommodation in partner hotels using the GCash apps on their mobile phones. They can also opt...

The volume of digital payments in the country rose to 17 percent of all payment transactions as of mid-2020, and closer to the 50 percent cash-lite target of the Bangko Sentral ng Pilipinas (BSP) by 2023. The share of monthly digital payments in terms of volume has been steadily increasing from...