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Sustainable finance crucial as climate crisis worsens, BSP says

Sustainable finance crucial as climate crisis worsens, BSP says
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Philippines: 1 trillion pesos in e-cash transactions

One e-wallet provider, Ant-driven GCash, clocked in $20 billion dollars worth of deals
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TRANSITION TO DIGITAL CASH: GCash, the top e-wallet in the Philippines, is quietly ushering in a transition towards digital payments. Even in rural areas, paying for groceries and medicines via GCash, or its main rival PayMaya, has increasingly become more common. With the pandemic, it has ushered in a spike in cashless, contactless and fast transactions to the tune of at least Php1 trillion ($20 billion) in 2020.
Image Credit: Jay Hilotin / Gulf News
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SPIKE IN CASH-LESS TRANSACTIONS: Despite the low credit card penetration rate, or perhaps because of it, digital payments are spiking in the Philippines, helped in some ways by the coronavirus pandemic. ....

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1 trillion pesos in Philippine e-cash transaction value in 2020

One e-wallet provider, Ant-driven GCash, posted $20 billion dollars worth of deals ....

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