Online transactions are on the rise in Philippines after the central bank urged Filipinos to refrain from cash payment in the context of complicated development of COVID-19.
Digital payments are growing in the Philippines as consumers avoid cash to avoid catching coronavirus (Photo: NikkeiAsia)
Hanoi (VNA) - Online transactions are on the rise in Philippines after thecentral bank urged Filipinos to refrain from cash payment inthe context of complicated development of COVID-19.
On June 1, the Philippines’ central bank BSP said in April only, the trading volume through two platforms – the PESOnet andInstapay, surged 276 percent compared to the same period in 2020. The tradingvalue also saw an increase of 127 percent.
For P2P transaction (Peer-to-peer), thevolume and value of transactions rose by 23 percent and 38 percent respectivelycompared to just a month ago.
By the end of April 2021, the PESOnet payment platform had 82financial institutions and Instapay 52. The BSP Central Bank said this is “encouraging”data showing that cashless transactions are growing in the Philippines./.
Online shopping has increased significantly in Vietnam, especially by young consumers, according to the High Quality Vietnamese Product Business Association.
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The Indonesian Health Ministry said on May 31 that foreigners from India, Pakistan and the Philippines must undergo compulsory 14-day quarantine in designated hotels.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Digital payments are growing in the Philippines as consumers avoid cash to avoid catching coronavirus (Photo: NikkeiAsia) 
