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Exploring virtual currency in the Philippines - BusinessWorld Online

Exploring virtual currency in the Philippines - BusinessWorld Online
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Digital payments growth seen to remain robust post-pandemic

MANILA - Growth of digital payments post-pandemic is expected to remain strong as more people realize the convenience it brings as well as the introduction of more innovative services. In a virtual briefing on Tuesday, Visa Country Manager for the Philippines and Guam Dan Wolbert said importance of cashless transactions and digital payments was appreciated during the pandemic, following the movement restrictions imposed to address the spread of coronavirus disease 2019 (Covid-19). Initially, people used it to buy necessities following the lockdowns but later on utilized it for convenience, he said during the launch of the 2021 Visa Consumer Payments Attitudes Study. "And so, we anticipate this trend to continue. And consumer behavior not only will continue but will accelerate as more and more services and capabilities will bring and will make this type of transactions simpler and easier and more functional," he said. Results of Visa's annual online Consumer Payments Attit ....

San Carlos , Negros Occidental , Camarines Norte , Cavite City , The Philippines , Bangko Sentral , Dan Wolbert , Visa Country Manager , Guam Dan Wolbert , Consumer Payments Attitudes , Consumer Payments Attitudes Study , Manila Growth Of Digital Payments Post Pandemic Is Expected To Remain Strong As More People Realize The Convenience It Brings Well Introduction Innovative Services Ina Virtual Briefing On Tuesday , Isa Country Manager For The Philippines And Guam Dan Wolbert Said Importance Of Cashless Transactions Digital Payments Was Appreciated During Pandemic , Ollowing The Movement Restrictions Imposed To Address Spread Of Coronavirus Disease 2019 Covid 19 Initially , Eople Used It To Buy Necessities Following The Lockdowns But Later On Utilized For Convenience , E Said During The Launch Of 2021 Visa Consumer Payments Attitudes Study Quot And So , E Anticipate This Trend To Continue And Consumer Behavior Not Only Will But Accelerate As More Services Capabilities Bring Make Type Of Transactions Simpler Easier Functional , Uot He Said Results Of Visa 39s Annual Online Consumer Payments Attitudes Study Last Year Showed That 60 Percent The 1 , 000 Respondents From Manila , Nd Bulacan , Arried Less Cash In Their Wallets And 84 Percent Tried Going Cashless Wolbert Said Respondents Prefer Using Mobile , 4 Percent Card Payment Online , 2 Percent Card Payment At Physical Merchants , 4 Percent And Quick Response Qr Payments , 1 Percent Quot While Cash Is Still Commonplace In The Philippines , He Preference For Cashless Payments Is Clearly Gaining Momentum Our Study Showed More Filipinos Are Confident To Get By Without Cash And Longer Periods Of Time With Than Half Feeling Fora Week Or ,

Share of consumers that tried cashless payments in 2021 rises to 84%, Visa says

Share of consumers that tried cashless payments in 2021 rises to 84%, Visa says
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