By TED CORDERO, GMA News
Published May 25, 2021 6:48pm The national government’s fiscal balance yielded a narrower deficit in April as state revenues increased due to payment of income taxes during the period as well as the decline in public spending, Bureau of the Treasury (BTr) said Tuesday. Data released by the Treasury showed the budget deficit last month stood at P44.4 billion, down 83.78% from P273.9 billion in April 2020. The narrower fiscal shortfall “was driven by the 55.46% growth in revenue performance due to the payment of income taxes, vis-a-vis a 27.14% decline in expenditures from the substantial COVID-19 spending at the height of the imposition of the enhanced community quarantines last year.”
Published January 11, 2021, 1:02 PM
As the Philippine economy re-opens on its way to recovery, cashless payments in stores and online have become part of merchants’ and consumers’ arsenal to protect themselves and mitigate the spread of the virus causing COVID-19. PayMaya is leading the way toward massive adoption of cashless payments through its end-to-end digital financial services that are enabling consumers, merchants, enterprises, and government units nationwide.
With over 28 million customers across its platforms and over 200,000 touchpoints nationwide, leading digital financial services firm PayMaya is building the digital payments backbone of the country to make ‘Cashless Philippines’ a reality for all Filipinos nationwide.
Published January 4, 2021, 5:00 AM
Digital payments platform provider, PayMaya, ends pandemic year 2020 with over 28 million customers transacting in its over 200,000 touchpoints nationwide.
However, in a country with a population of 107 million, it still has a long way to go.
Nevertheless, “This radical shift to cashless for the Philippines will only continue accelerating in 2021,” Shailesh Baidwan, PayMaya President predicted.
Consumers, businesses, communities, and government agencies now use the PayMaya app and wallet.
The platform also powers all kinds of enterprises for eCommerce and everyday transactions.
Already, its Smart Padala Network has expanded to 33,000 agent touchpoints nationwide, enabling Filipinos to conduct transactions, from remittances, bills payments, mobile prepaid loading to QR payments.