PayMaya recently rolled out a dedicated app for MSMEs and entrepreneurs that will help them to adopt cashless payment and continue transactions amidst pandemic. The central bank also emphasized that digital payment fees are expected to be lower than charges for manual or over-the-counter transactions because electronic channels are generally more efficient and cost-effective to operate. The BSP said the updated rules aim to create a more sustainable pricing environment for digital payments while ensuring consumers continue to have access to fast, secure, convenient, and affordable electronic fund transfer services. Read more in our articles including "PayMaya Negosyo launched for MSMEs and entrepreneurs" and "Banks, e-wallets face new BSP rules on digital payment fees".
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Aug 30, 2019PayMaya recently rolled out a dedicated app for MSMEs and entrepreneurs that will help them to adopt cashless payment and continue transactions amidst pandemic. The central bank also emphasized that digital payment fees are expected to be lower than charges for manual or over-the-counter transactions because electronic channels are generally more efficient and cost-effective to operate.
The BSP said the updated rules aim to create a more sustainable pricing environment for digital payments while ensuring consumers continue to have access to fast, secure, convenient, and affordable electronic fund transfer services.
Our coverage of digital payment app for MSMEs includes: "PayMaya Negosyo launched for MSMEs and entrepreneurs"; "Banks, e-wallets face new BSP rules on digital payment fees"; "Apple iPhone 12, 12 mini in Purple now official". Each article provides unique insights and information.