As reported by Inquirer.net, digital wallet services Apple Pay and Google Pay may arrive in the country. The entry of both services in the Philippines could reshape the payments landscape headed by companies like GCash and Maya. However, this could also bring forth positives like innovation among service providers, improved services, and better integration for international payments. As per the BSP, digital payments account for 52.8% of retail transactions. Introducing Apple Pay and Google Pay will cement the importance of growing the digital aspect of the financial sector nationwide. PalawanPay has added Google Wallet support for its Visa Card, allowing eligible Android users to make contactless payments using their smartphones instead of a physical card. The new feature lets users link their PalawanPay Visa Virtual Card to Google Wallet and pay at stores that accept contactless payments through Google Pay's Tap to Pay feature. To use the feature, users need to open the PalawanPay app, go to the Cards section, tap the Tap to Pay GPay button, then select Add to Google Wallet. Read more in our articles including "Apple Pay and Google Pay PH registration is in the works" and "PalawanPay Visa Card now works with Google Wallet".
As reported by Inquirer.net, digital wallet services Apple Pay and Google Pay may arrive in the country. The entry of both services in the Philippines could reshape the payments landscape headed by companies like GCash and Maya.
However, this could also bring forth positives like innovation among service providers, improved services, and better integration for international payments. As per the BSP, digital payments account for 52.8% of retail transactions. Introducing Apple Pay and Google Pay will cement the importance of growing the digital aspect of the financial sector nationwide.
Our coverage of Apple Pay and Google Pay BSP includes: "Apple Pay and Google Pay PH registration is in the works"; "PalawanPay Visa Card now works with Google Wallet"; "Banks, e-wallets face new BSP rules on digital payment fees". Each article provides unique insights and information.