Techsplainer: Can the Philippines go cashless?

Techsplainer: Can the Philippines go cashless?
As the pandemic forces us to restructure entire industries, it is perhaps time to reinvent the country's cash-heavy economy

For businesses and consumers alike, we’re all asking the question, “Will cash still be king after COVID?” Despite being one of the first Asian countries to adopt mobile money, the Philippines was only at 10% in terms of digital transactions at the start of 2020.

Now with the pandemic before us, going cashless or cash-lite seems to be all the more necessary for ensuring safer transactions and solving the country’s longtime financial exclusivity problem. This week’s Techsplainer delves into the challenges and implications of going for a cashless economy.

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