Why cashless ecosystems are critical as Philippines speeds up digital push
Given this COVID-19 pandemic that we are all facing right now, providing a complete and inclusive way for Filipinos to transact with the government online through ‘cashless’ ecosystems is CRITICAL. This, as the government accelerates its digital push, an executive from digital financial services PayMaya said recently.
“Everything is going online, including government services, but we have to ensure that every Filipino is able to continue transacting with government and receive much-needed aid through cashless ecosystems that are pervasive and at the same time inclusive,” said Orlando B. Vea, Founder and CEO of PayMaya, during the BusinessWorld Insights Forum which discussed digital payments acceptance for LGUs held on Tuesday.
Vea said this means enabling the government to acc...