Published: August 14, 2020 | Updated: September 15, 2020 | Posted by: Ricky Publico | Personal Finance
Remember when your wallet was the most important item in your arsenal of everyday items? It’s the portable pocket where you place money, notes, and even pictures of your loved ones. But since the invention of the digital wallet, you probably stopped caring about what your physical wallet looks like.
Because of the global pandemic forcing everyone to stay at home, owning a mobile wallet has become the norm. Going cashless online is now the logical way of doing things, so it’s best if you check out your options. Here are some of the country’s prominent online wallets and their key features.
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“Will I still need a digital wallet after the pandemic?” you might ask. Pandemic or not, we were all heading to a cashless future anyway. If anything, the pandemic just helped speed up the process. If you need a refresher, here are the benefits of using the online payment apps for your transactions.
Ideal for: people looking for an all-in-one wallet
If you’re opening a mobile wallet for the first time, GCash is a good place to start. Currently, it is the most versatile online wallet app out there. From paying bills to investing money, you can do most of your online transactions in just one app. And just to be clear, you don’t need a Globe number to open an account. Registration is open to all networks.
Want to try out GCash? Go ahead! It may be the right online payment app for you. GCash is available for both Android and iOS devices. You may download the app via the links below:
Ideal for: people who loves cash rebates
PayMaya is an equally capable digital wallet app that rivals GCash in terms of features and popularity. Successfully opening an account gives you access to a virtual card that can be powered by either Visa or Mastercard. This makes online shopping a lot more convenient. Plus, you get to receive cash rebates and rewards when you use PayMaya on a regular basis.
Ideal for: people looking to dabble with bitcoin
Interested in dealing with bitcoin? Get a head start by downloading the Coins.ph app. It is the only mobile wallet in the Philippines that is powered by blockchain technology. Aside from that, Coins.ph can do basic online transactions you would expect a mobile wallet can. You can also reload your Beep card and EasyTrip account in just a few clicks.
Ideal for: people who use Grab services a lot
If you enjoy using Grab services on a regular basis, then you should upgrade to their GrabPay payment option. Aside from booking Grab rides and other Grab services easily, your Grab digital wallet can also be used to pay for online and in-store purchases, monthly bills, and prepaid load, among others. Enjoy frequent Grab rewards and promos as well.
Read more: Your Ultimate Guide to Using GrabPay
Ideal for: people who are regularly transacting with government agencies
Looking for a new way to pay government dues or receive money from abroad? Check out the Moneygment app. Aside from the usual digital wallet functions, Moneygment offers an alternative way to pay taxes, loan payments, government contributions, and others. It also has a friendly UI so even the less tech-savvy people can start managing their finances better.
Ideal for: people who constantly shop at 7-Eleven
Is shopping at the nearest 7-Eleven store part of your daily routine? Then you should have the 7-Eleven CLIQQ Rewards app installed in your phone already. Earn points for every purchase by presenting your QR code and score discounts, free meals, and other freebies. Plus, the satisfaction of having the cashier scan your QR code is something everyone should feel.
Ideal for: people mostly dealing with overseas transactions
There’s a reason why PayPal has always been a freelancing essential. For one, it is not just a recognized mobile payment app in the Philippines but also globally, making it easier to receive payments from clients abroad. You can also use it to send and receive money to your loved ones abroad. More importantly, it makes paying for international purchases and subscriptions more convenient.
Ideal for: people who constantly shop at Lazada
Even Lazada online shoppers can now have their own e-Wallet. Say goodbye to finding some spare change when your delivery arrives. Just order, pay using your Lazada Wallet, and receive your package with the least amount of contact possible. Plus, activating your Lazada Wallet gives you access to Lazada Loans so you can shop now and pay later.
Going cashless is more than just a trend: it’s a preview of what the future will be. Give it a few more years and eventually, more digital wallets will emerge. Better get used to the new normal by choosing the best e-Wallet that suits your needs.
Ricky is the zaniest Senior Content Writer at Moneymax, with over five years of writing experience in the digital marketing industry. He is a huge fan of pro wrestling, smartphones, and binge-watching. Follow Ricky on LinkedIn.