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ADB Loan To Boost Financial Inclusion in the Philippines

"COVID-19 has underscored how important digital systems and contactless transactions are for economic resilience."

News

COVID-19 Impact: Digital Payments Soar in Philippines

Payment platform GCash witnessed a sharp increase in the number of registered users since mid-March.

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Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking

While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.

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Coronavirus: How Cash-Mad Philippines Learned to Love Digital Money Thanks to COVID-19

Online payments have been slow to take off in the Philippines, where cash has long been king.

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Bangko Sentral ng Pilipinas Encourages Shift to E-payments Amid Quarantine

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno championed the use of e-payments amid the Luzon-wide, enhanced community quarantine (ECQ) to minimize face-to-face transactions and prevent the spread of COVID-19.