Filipinos' cashless payments increasing – Visa study

CASHLESS payments are on the rise in the Philippines with 60 percent of Filipinos carrying less cash in their wallets and 84 percent having tried going cashless in 2021, according to Visa's Consumer Payment Attitudes study.

"While cash is still commonplace in the Philippines, the preference for cashless payments is clearly gaining momentum. Our study showed more Filipinos are confident to get by without cash and for longer periods of time — with more than half feeling confident to get by for a week or longer as cashless payment options grow," Dan Wolbert, Visa country manager for the Philippines and Guam, said at the study's launch on Tuesday.