TOP E-WALLETS: In the Philippines digital payments scene, the pole position belongs to GCash (of Globe Telecom) followed by PayMaya (mobile wallet entry of Globe's rival telco company, PLDT). Others include CoinsPH, GrabPay, PayPal, 7-Eleven CLIQQ Rewards, BanKO, and Moneygment. The ranking is based on downlaods for finance apps on the App Store and Google Play downloads. BSP, the country's central bank, has set a target of 30% increase in digital payments by 2020, by roping in more consumers, SMEs and government through simple, safe solutions. The Smart Padala agent network is also part of that ecosystem.
Jay Hilotin / Gulf News