A cashless society is one where cash is not the primary mode for financial transactions. Instead, transactions are settled electronically using credit or debit cards, mobile or online payment apps and even QR codes. The Bangko Sentral ng Pilipinas (BSP) considers cashless payments not only as an alternative to banking transactions, but also as a…
Carmen’s Best is riding the digitization wave and going into cyberspace. The premium Filipino ice cream has harnessed digital technology to turn its website, www.carmensbest.com, into a full-fledged electronic store (e-store). Founder and chief executive officer Francisco Magsaysay said, like most businesses, the 10-year-old artisanal ice cream business faced major challenges when the COVID-19 pandemic…
Unknown to many, , adding it to applications for cellular phones. Angelito Villanueva, chair and founder of FinTech Alliance.ph, executive vice president and chief innovation officer at Rizal Commercial Banking Corp. and chief digital transformation officer for the Yuchengco Group of Companies, said Filipinos were introduced to e-money or e-cash as early as 2001. Orlando…