#digital payments Philippines

The central bank has been encouraging banks to promote wider use of digital payments and improve financial inclusion. The proposed measure aims to create a nationwide digital payments system for transactions with the government and between private groups. The bill seeks to expand the use of digital payments in the country. Tinio said the bill does not clearly state who can access transaction data once digital payments become more common. The company said QR Ph and e-wallets combined represented 76% of total payment volume and 9 in 10 transactions on its platform, pointing to continued growth in mobile-first digital payments among Philippine businesses. PayMongo said the figures reflect broader momentum in digital commerce in the Philippines, as more businesses adopt digital payment channels across online and physical retail. Western Digital Philippines is also a sponsor in our recent WD TV Live Christmas Giveaway. GCash Vice President and Head of Innovation Ferdie Perez said the cashback offer gives commuters added value while introducing them to digital fare payments. Read more in our articles including "BDO Pay offers Free Transfers, Bills Payment, and QR Transactions" and "BPI to remove InstaPay, PESONet transfer fees starting July 1".