Smart Padala by PayMaya, one of the leading financial service providers in the Philippines, and Western Union, a global leader in cross-border, cross-currency money movement and payments, have come together to offer Western Union money transfer services at select Smart Padala agents across the...
The Anti-Red Tape Authority (ARTA) has expressed support for Senate Bill (SB) 1764 or the proposed Use of Digital Payments Act that allows the digital collection of taxes and fees, payments, and other disbursements. File photo SB 1764 mandates the use of digital payment in the collection of taxes,...
BETTER DAYS Senator Sonny Angara By the time this column comes out, two of the country’s biggest e-commerce platforms — Lazada and Shopee — would be wrapping up their respective “9.9” (September 9) online sales, where customers can purchase almost anything at either discounted rates or...
The national government plans to spend more than P1 trillion to settle some of its liabilities next year, but at the same time borrow over P2 trillion, data from the Department of Budget and Management (DBM) revealed. Under the proposed budget plan for 2022 submitted to Congress, the national...
The local government units (LGUs) may conduct digital payment or tap financial service providers (FSPs) to distribute the financial assistance to residents affected by the implementation of the enhanced community quarantine (ECQ) from August 6 to 20, the Department of Social Welfare and Development...
A Department of Labor and Employment (DOLE) official has asked for the understanding of quarantine hotels that have been waiting on the Overseas Workers Welfare Administration’s (OWWA) payments in connection with the services they rendered to repatriated overseas Filipino workers (OFWs) amid the...
The national government’s debt payments increased by half in May this year as both interest expense and amortization jumped by double-digits, data from the Bureau of the Treasury showed. Debt servicing of the Duterte administration accelerated by 53 percent during the month to P37.8 billion from...
The Duterte administration’s debt payments went up by more than half in the first three-months of the year owing to higher amortization, data from the Bureau of the Treasury revealed over the weekend. Based on the Treasury report, the total debt service of the national government reached P521.5...
Senator Sherwin Gatchalian said there is a necessity for Filipinos to own their own bank account or become a virtual wallet holder so more people can engage in cashless transactions. Since digital payments have been the norm since the coronavirus (COVID-19) pandemic started last year, Gatchalian...
ShopeePay, an integrated mobile wallet that offers users easy access to digital payment services, now provides Filipino shoppers a more convenient way to top-up their mobile wallets. They can do so at TouchPay automated payment machines (APM) located in over 600 locations nationwide. As more...
A look at Mastercard’s extensive digital payment authentication process Mastercard leverages the new EMV 3-D Secure standards to provide safe and secure digital transactions. When the Bangko Sentral ng Pilipinas announced its goal to reach at least 50 percent of payments in the Philippines done...
As the ongoing pandemic continues to propel digital e-commerce and financial transactions, online payments are fast gaining acceptance and trust from Filipinos. This is a key trend observed by the newly rebranded Bayad, the country’s biggest and widest multi-channel payment platform. ...
