Due to the dangers of physical cash transactions then, we saw how all varieties of businesses - restaurants, retail chains, mom-and-pop stores, and even sari-sari stores — adopted and thrived on digital payments and transactions. Even taho and fishball vendors got into the trend and used QR codes for payments. That's how popular Fintech became due to COVID-19.
But before the conveniences of today's financial landscape for consumers, there was a time when financial services weren't as accessible nor as speedy. For our Gen Z and Gen Alpha readers, here are some things that we Millennials and the older generation had to deal with for the sake of money.
Sending and receiving money
Today, if you are sending or receiving money for whatever purpose - allowances, purchases, or your share in the group's kaniyakaniyang bayad meal - and you aren't using cash, the same bank, or the same payment platform, then you can use Instapay or PESOnet for a minimal fee. It is so convenient not having to worry about carrying stacks of cash for a hefty purchase or having enough change to split the dinner bill.
These now-invaluable fund transfer services were established in 2017. However, before they were the norm, digital cash transactions were, in hindsight, quite inconvenient. I still remember having to go to a courier shop or a pawnshop to receive my allowances. This involved riding jeeps, queuing in line, manually filling up forms, and commuting back to my dorm, wary of thieves or hold-uppers who prey on newly cashed-up college students. Sometimes, if I was particularly unlucky, the shop would not have enough cash to cover the remittance, and I would have to try again the next day.
This story is from the February 2023 edition of Gadgets Philippines.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2023 edition of Gadgets Philippines.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
SM CARES, PLDT, AND SMART JOIN HANDS TO PROMOTE RESPONSIBLE E-WASTE DISPOSAL
To strengthen its efforts in promoting the responsible disposal of electronic waste, SM Cares, the corporate social responsibility arm of SM Supermalls, recently tapped PLDT Inc. and its wireless unit Smart Communications, Inc., two of the leading telecommunications providers in the country for a strategic partnership that will expand SM's Electronic Waste Collection (EWC) Program and drive further positive change in electronic waste management in the country.
OPTIMAL LIVER HEALTH
Did you know your liver is a multitasking champion? This largest organ in your body filters blood, absorbs nutrients, removes toxic substances from the body, makes protein building blocks for your cells, and acts as your body's vitamin and mineral bank.
AFFORDABLE HIGH-SPEED 5G MOBILE DATA BRIDGING THE DIGITAL DIVIDE
In today's rapidly evolving digital sphere, access to reliable highspeed internet has shifted from a convenience to a necessity.
HOW CAN MSMES BETTER MANAGE THEIR PAYROLL SYSTEMS?
Payroll can be a pain for budding Micro, Small, and Medium Enterprises (MSMEs) who are looking to grow their profits, scale their operations, and take their business to the next level.
CHASING NOTES TO CATCH A STAR
Back in the day, when we were just kids, we all dreamed big. Some of us wanted to be professional chefs; others imagined themselves joining the police force; a number considered entering the medical world.
Eivuden Chronicle HUNDRED HEROES
What is a spiritual successor? It could be summed up as an unrelated product or fictional work inspired by another product or fictional work.
YAMAHA FASTFEST UNLOCKS FILIPINO SPEED
Yamaha Motor Philippines just made the summer even hotter with the FastFest at SM by the Bay in the weekend of May 4 and 5. The event celebrates the brand's signature speed that is exclusively experienced with their machines.
NEW TOYOTA COROLLA CROSS 2024 MODEL NOW COMES IN AN ALL-HEV LINEUP
The new Corolla Cross all-HEV lineup expands Toyota Motor Philippines' range of affordable and reliable electrified vehicles, signifying its strong commitment to making the electrified lifestyle a mainstream choice for Filipinos.
ISUZU MU-X 3.0L 4X4 LS-E AT
The popularity of the Isuzu mu-X is no secret. It's a familiar sight, conquering both cityscapes and rugged terrain, revered for its unwavering reliability and off-road prowess. The 2024 update brings exciting changes, and we delve into the experience of the enhanced mu-X 3.0L 4x4 LS-E AT, a variant that blends luxury with capability.
SAMSUNG GALAXY FIT3
There's something about smart bands that resonate with me. Beyond being a fitness tracker, its small form factor makes it a joy to wear for everyday use. There's also the connectivity between your phone and the band to allow you to monitor your notifications and messages. But what really gets me is the number of health monitors fitted on such a small device. Samsung has done that and more in their latest smart band, the Samsung Galaxy Fit3.