Try GOLD - Free
Visa pushes mobile payments to boost financial inclusion
The Freeman
|September 25, 2025
Digital payment firm Visa, is stepping up efforts to accelerate the use of mobile payment platforms such as Google Pay, Apple Pay and Samsung Pay in the Philippines, aiming to deepen financial inclusion and expand the country's fast-growing digital payments sector.
At an enablement workshop, the global payments firm convened regional partners including Google Southeast Asia, Vietcombank and Starbucks Vietnam to share insights on how local banks can integrate and scale mobile wallet services for Filipino consumers.
The Bangko Sentral ng Pilipinas (BSP) recently clarified that such platforms are considered technology service providers rather than operators of payment systems, meaning they cannot hold funds directly and must be linked to a user's credit, debit or e-money account.
Once a Visa card is added to a digital wallet, it can be used for contactless transactions in stores, online and in apps.
This story is from the September 25, 2025 edition of The Freeman.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Freeman
The Freeman
DSWD extends P200M cash assistance to quake victims in north
The Department of Social Welfare and Development (DSWD) has released P200 million in cash assistance under the Emergency Cash Transfer (ECT) program for families affected by the 6.9-magnitude earthquake that struck northern Cebu as part of the agency's ongoing recovery support operations.
1 min
November 19, 2025
The Freeman
Phl among world's largest ecommerce markets – NIQ
The Philippines is emerging as one of the world's fastest-growing e-commerce markets, helping drive Southeast Asia's rapid expansion in online spending, according to new data from consumer intelligence firm NielsenIQ (NIQ).
1 min
November 19, 2025
The Freeman
NK: Sub deal will trigger 'nuclear domino' effect
North Korea denounced an agreement between Seoul and Washington to build nuclear-powered submarines, saying in a state media commentary on Tuesday that the deal would cause a “nuclear domino” effect.
2 mins
November 19, 2025
The Freeman
Marcos will not resign
President Ferdinand Marcos Jr. will not step down, said Malacañang on Tuesday, November 18.
1 mins
November 19, 2025
The Freeman
Province now on high alert against rising leptospirosis
The Cebu Provincial Government has ordered all district and provincial hospitals to intensify their monitoring for early detection and preparedness following a spike in leptospirosis cases in the aftermath of Typhoon Tino.
2 mins
November 19, 2025
The Freeman
'Sins of the Father' ends with strong note on scam awareness
Aralar and Marissa Kalaw, creative head Dindo Perez, head writer Cenon Palomares, and writers Jann Mendoza and Shania Vonzel.
1 min
November 19, 2025
The Freeman
Filipino athletes conquer Dubai T100 Triathlon
Three Filipino triathletes led by Jonathan Pagaura made their fellow countrymen proud on the global stage.
1 min
November 19, 2025
The Freeman
Philippines, Palestine sign landmark deal
The Philippines and Palestine took a major step in their decades-old ties on Tuesday, November 18, signing a memorandum of understanding to hold regular political consultations and launching talks on a visa waiver for diplomats.
2 mins
November 19, 2025
The Freeman
Cebu water crisis worsens as power outages persist
Cebu Electricity Rights Advocates (CERA) warned that Cebu Province is facing an intensifying water shortage as prolonged and uneven power restoration continues to cripple pumping stations outside Metro Cebu.
1 mins
November 19, 2025
The Freeman
Only one way to find out
Accusations that President Ferdinand Marcos Jr. is using drugs are nothing new, but they have always come from his detractors and opponents.
1 mins
November 19, 2025
Listen
Translate
Change font size