Here’s 10 Best E-Wallets You Should Use
MOBILE E-WALLETS – Here are the top 10 mobile e-wallet apps in the Philippines where you can pay your bills, transmit money securely, and even expand your bank account.
Filipinos have recently embraced the ease and joy of online shopping. In reality, 85.16 million Filipinos who use the internet for shopping do so. The Philippines’ eCommerce growth, however, is not as quick as one might expect. This could be because Pinoys continue to hold the view that “Cash is king.”
Even though there are other payment options available, COD is still preferred by Filipino internet consumers. However, the number of Filipino internet users making digital payments in 2022 (47.43 million) has increased significantly. Less than one in fifty Filipinos1 (or 8.1% of the nation’s population) have credit cards, according to the World Bank.
The Top 10 E-Wallets for Convenient Bill Payment and Online Shopping
1.GCash
This mobile wallet app is certainly familiar to you because it is so commonly used in the Philippines. This digital wallet offers many intriguing functions, including the ability to transmit money, save money, use credit ratings, purchase prepaid packs, pay bills, make basic investments, and much more. Gcash is well known for being a standard smartphone digital wallet. It was one of the early, basic digital wallets that later developed into a feature-rich all-in-one app.
2. Maya
This mobile wallet app, formerly known as PayMaya, enables you to save money, receive payments, send money, make online payments, and buy mobile loads. As an alternative, you can pay your bills or transfer money from here to your bank account. Due to Maya’s affiliation with several other financial institutions, you can simply cash in and cash out as well as pay most of your bills. This account’s high-interest rate enables you to increase your money and even engage in cryptocurrency mining. Try it right now!
3. GrabPay
Grabpay has its own payment system in addition to being a subsidiary of a transportation business. One can use the Grab services app to make mobile and cashless payments. The program also allows you to instantly transfer and receive money between mobile wallets and online banks. Don’t forget to account for the service charge when doing this. There is no doubt that it is a legitimate business that is subject to Philippine Central Bank regulation. Therefore, you can relax knowing that the app you’re using for your online transactions is reliable.
4. 7-Eleven Cliqq Pay
Convenience store chain 7-Eleven is well-known all over the world. Unquestionably, it is one of the most practical locations for most of us to get food, hang out, and do secure transactions. Users using the app may make a ton of purchases, pay their bills, and even pay at the cash register for everything they buy in the store. A quick and easy way to pay monthly bills is to tap the “Pay Bills” button, look for the selected biller, and then simply show the cashier the barcode.
5. Dragonpay
This payment processor is mainly used by merchants who conduct their business online. As more people enter the market, more online vendors and online shoppers are using Dragonpay to take payments from their customers. Downloading, signing up, and using the app to pay bills are all options for those who want to utilize it for personal purposes.
6. BanKo
The Bank of the Philippine Islands (BPI) owns and manages this web-based Internet banking system. Users of the app can create a savings account. You can buy loads, pay your bills, and transmit money worldwide with this service.
As part of its goal, BanKo aims to help self-employed microentrepreneurs (SEMEs) launch or expand their enterprises by giving them access to simple, practical, and inexpensive loan solutions. By enhancing its clients’ financial capabilities and so contributing to the nation’s economic progress, BanKo seeks to improve the quality of life for all of its customers.
7. ShopeePay
Users can easily and securely carry out cashless purchases with ShopeePay. You can pay your bills, buy groceries, or go on guilt-free shopping sprees with only a few quick touches on your smartphone. This all-inclusive option simplifies the procedure and gets rid of the drawbacks of traditional payment methods.
8. CoinsPH
Coins PH enables trading in digital coins in addition to online payment alternatives. This is also a safe digital platform where you deposit your money electronically, and you may sell Bitcoin, Ethereum, or both using Coin PH. You can transfer money online and pay bills with Coins PH.
9. AllEasy
Filipinos are able to send money and pay bills digitally with ease using the AllEasy app. By choosing the Biller from the list of Billers in the AllEasy App and entering the desired payment amount, you can pay your bill. Once the amount has been entered, click “Submit.” A notice will show up on the AllEasy App once the transaction has been properly completed. You’ll get an SMS when the transaction is finished.
10. Moneygment
The primary customer for this app is Filipinos who work for themselves. You can use the system to pay your governmental debts like SSS, PhilHealth, and PAG-IBIG. You can also use this to pay payments and loans, as well as send money to friends and relatives. And you can be confident that this is a legitimate digital wallet because it was created to permit payments for government benefits.
There you have it. The top 10 digital wallet apps in the Philippines are listed here. With them, you may pay your bills, transmit money securely, and even expand your bank account. You can quickly and conveniently pay your bills using digital wallets.
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READ ALSO: 2 Scammers Earned P800k for Scamming Stores with E-Wallets
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