Revenge spending in the Philippines is still ongoing as online transactions among Filipinos remain robust, according to CIMB Bank Philippines. Know more:
REVENGE spending in the Philippines is still ongoing as online transactions among Filipinos remain robust, according to CIMB Bank Philippines.
[people were salivating] to kind of treat themselves to something nice for the ‘trauma’ that people experienced during the lockdown. So totoo talaga yung revenge spending,” Aguilar said. [Revenge spending is real.]“The other thing is that on top of the revenge spending—one good thing that the pandemic brought us—was people kind of got comfortable with anything online, including online transactions,” Aguilar said.
The online-only commercial bank also said its VD card contributes to the “Digital Payments Transformation Roadmap 2020-2023” of the Bangko Sentral ng Pilipinas . The BSP aims to transform half of the volume of payments in the country into digital form and to bring 70 percent of Filipinos into the formal financial system in 2023 under its DPT roadmap.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Filo Swifties express disappointment in wittiest ways after Taylor Swift's 'Eras Tour' skips the PhilippinesTaylor Swift has announced added shows for her Eras Tour, but it left Filo Swifties not feeling all too well after there is no Philippine show included.
Read more »
Beyond thirst traps: What it's really like to be an OnlyFans creator in the PhilippinesFrom planning photo shoots, to interacting with subscribers, to dealing with body shaming – it's no walk in the park for OnlyFans creator Tabitha Rice.
Read more »
5 highlights of Bruno Mars' first night back in the PhilippinesBruno Mars has finally returned to the Philippines to serenade the Hooligans with his collection of nostalgic songs!
Read more »
Park Eun-bin shows fans some love in fan meet in the PhilippinesPark Eun-bin won the hearts of her Filipino Bingo's during her recent fan meeting in the Philippines. The Baeksang Arts Awards Daesang (grand prize) recipient met her fans on June 24 at the new Frontier Theater for a fan meeting under Aromagicare. During the fan meeting, Park Eun-bin sang song covers, played games with fans, and had a meet-and-greet after the event. She also mentioned during her press event, which happened before the fan meeting, 'Last year, I was here for my first Asia Tour. This time, I was invited by Aromagicare and I hope we can all share memorable moments.' 'I've been to
Read more »
Philippines logs 521 new COVID-19 cases, active tally at 53-day lowThe Philippines reported 521 new COVID-19 cases on Sunday, June 25, but the country’s active cases declined to the lowest level in 53 days, data released by the Department of Health (DOH) revealed.
Read more »
Philippines finishes seventh in AVC Challenge CupThe Philippine women’s volleyball team slipped past Uzbekistan, 25-14, 13-25, 25-18, 25-18, to finish in the seventh place of the 2023 AVC Challenge Cup in East Java, Indonesia Sunday, June 25. | ManilaBulletin
Read more »