Cashless Orders News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Published February 2, 2021, 3:09 PM Cashless payments have now overtaken cash as the preferred mode of payment of Filipinos when it comes to shopping online. In 2020 alone, digital financial services leader PayMaya processed over P95 billion worth of transactions in online shopping across all of its platforms. This exponential growth fueled by the COVID-19 pandemic is expected to be turbo-charged with the launch of the Department of Trade and Industry’s updated e-Commerce roadmap for 2022. (Chezka Garrido) Digital payments have now overtaken cash as the preferred mode of payment of Fi...

Digital payments overtake cash in online shopping in 2020, says PayMaya Share on email Digital payments have overtaken cash as the preferred mode of payment of Filipinos for online shopping, digital payment firm PayMaya said recently. Speaking during the launch of the updated DTI e-commerce roadmap for 2022, PayMaya founder and CEO Orlando Vea revealed that cashless modes of payment — which include e-wallets such as PayMaya, cards, and bank transfers — have most likely reached a tipping point in 2020 where over 50% of online shopping transaction value in the country are now paid via cashl...