By Edielyn Mangol, Reporter The Philippines is preparing for another leap in its digital payments journey. Global payments giant Visa has announced a program to equip local banks with the infrastructure needed to fully support Apple Pay, Google Pay, and Samsung Pay, bringing the country closer to global standards in device-based, tokenized transactions. In a nation […]
According to Visa’s latest Consumer Payment Attitudes Study, the “cashless wave” continues to gain momentum in the Philippines as consumer spending habits shift away from cash dependence and move towards using cashless payments. IMAGE CREDIT: https://www.visa.com.ph/ The report found that one in three consumers, or 37 per cent of those surveyed, believes that the majority of Filipinos […]
In an effort to further promote financial inclusion in the country, global digital payments platform Visa and local finance super app GCash have recently formalized an agreement that would provide unbanked Filipinos with access to and the advantages of a payment card. According to Jeff Navarro, country manager for the Philippines and Guam at Visa, […]
Digital-only bank CIMB Bank Philippines announced recently that it has teamed up with Visa to accelerate the growth of its debit card program through the use of Visa’s virtual and real cards. According to CIMB, the partnership will allow Visa, the world leader in payments technology, to gain more exposure from a new group of […]
by Bhea Baarde, Correspondent Starting next year, financial institutions will be required to digitalize the majority of their payment options and financial services as part of the Bangko Sentral ng Pilipinas (BSP)’s Digital Transformation Roadmap, which aims to promote financial inclusion and digitalization of payments in the country. Of all the financial service providers here […]
