Tag Archives: online

CEBU, Philippines —  Mobile wallet GCash posted P16 billion transactions on popular online shopping portals during pandemic and enabled over 600,000 Filipinos opening up businesses on the internet.

“Aside from regular financial transactions such as money transfer and bills payments, we’ve noticed shifting behaviors on how money and digital money is being used, namely on entertainment, savings, donations, and online shopping,” said Martha Sazon, President and CEO of GCash.

In 2020, Filipinos spent over P16 billion on popular online shopping sites such as Lazada and Shopee.

Meanwhile, more than 600,000 merchants and social online sellers opened up shop during the pandemic with GCash as the primary mode of payment.

The outlook of fintech indeed is bright in the country, especially now that the new normal is here.

The Bangko Sentral ng Pilipinas (BSP) last year, announced their Digital Transformation

The COVID-19 pandemic has dealt a difficult blow to the shops in the Pueblo Mall, but merchants are starting to see signs of improvement.

“The last year has been an incredibly difficult time for brick and mortar retail and while most businesses are rebounding, there are unfortunately those that elected to close their doors including Victoria’s Secret, Verizon and Children’s Place,” said Cara Fitzgerald of Centennial which oversees the Pueblo Mall. “On the bright side, we were happy to welcome Osaka Poke & Ramen in December and they are being well received by our shoppers.”

Osaka Poke & Ramen owner Ray Zhu agreed that opening a business during a pandemic “is kind of a risk,” but said, “it’s going pretty good. Good in December but January and February, slow,” he said.

“The most favorite thing is the Japanese traditional ramen served with broth, that’s very popular. The Tonkotsu of spicy

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