#cashless transactions

This means they can enable transactions without directly handling funds. BSP data shows that digital payments made up 57.4% of retail transactions in 2024, exceeding government targets, while 97.2% of government payments are now processed electronically. Visa Country Manager Jeffrey Navarro said Google Pay could also help reduce payment delays for travelers and foreign tourists, making transactions faster and more convenient. Both companies said the collaboration is geared toward strengthening secure, seamless, and inclusive payment systems in emerging markets where digital transactions continue to rise. With this expansion, VYBE continues to make digital financial transactions simpler, more inclusive, and widely available, reinforcing its commitment to empowering Filipinos through innovative and user-friendly financial solutions. Watch the video now and see how this app can transform your daily transactions into rewarding moments! This is a significant move since e-wallets and other payment platforms charge fees as high as 2% for the use of their cashless transaction services such as QR-based and card payments. GCash's commitment to making this service free will help micro-entrepreneurs earn a little extra for their families through safe cashless transactions. Read more in our articles including "Apple Pay may launch to the Philippines next year" and "Google Pay now available in the Philippines!".