Have you ever experienced buying something from a store and the cashier sighs and says, “Wala pong smaller bill? (is there no smaller bill?)” So you begin rummaging your pockets, purses for change and smaller bills but sadly, you only have your 500-peso bill.
It happens to all of us. Whether it’s on a taxi, fast-food joint, supermarket, or the convenience store down the road, the classic issue of “walang barya” never ends. (Read: 4 Best Apps to Make Your Life Easier While Working From Home)
But with the new normal, payments have now become automated and digital. Not only is it more convenient, but it’s also safer as it requires as little contact as possible. So here we explain the top four electronic and digital payments in the Philippines that you can consider.
Mobile Payment Apps: Globe GCash
GCash is one of the pioneers in the local digital payment industry. It is essentially a digital wallet that is offered both in card form and via the GCash smartphone app. The card can be used both online and offline like a typical credit card, while the app allows you to pay for services and receive money using QR codes through the scan to pay option. You can also link your bank accounts to GCash to cash in and make money transfers.
Mobile Payment Apps: PayMaya
PayMaya is a virtual prepaid card that can be used for online purchases, booking flights, and more. You either get a virtual Visa or Mastercard that you can use at establishments here and abroad. You just need to download the app to create an account. You can purchase an EMV card for P150. You can also link your bank accounts or load your PayMaya wallet in Robinson Department stores, 7-Eleven, among others. (Read: 3 Best-Selling Online Stores For Your Kitchen Needs)
Mobile Payment Apps: Grabpay Credits
Grabpay Credits is the ridesharing company’s way of offering its customers a cash-free method of paying for their rides. Meaning, you can directly pay for Grab rides and package and food deliveries using your Grabpay wallet. You can top-up your credits by linking your credit or debit card. Credits can also be purchased in select payment centers.
Mobile Payment Apps: Coins.PH
Coins.ph is a mobile wallet app that uses Blockchain technology to let you pay bills; buy, sell, send, and receive BitCoins; make payment requests; and withdraw cash via ATM. Once you have an account open, you can use the service via the website or through their mobile app. You can also load up your wallet through various ways such as bank transfer, SM Bills Payment Center, and 7-11 Kiosks. One con for this, however, is that it has higher fees outside Metro Manila.