New Report Available: Financial Cards and Payments in the Philippines
ATM cards continued to be the most important type of financial card in the Philippines, as cash remained heavily used in day-to-day transactions due to the large unbanked population and low acceptance of financial cards in retail stores. Nonetheless, cashless payments further gained popularity due to banks', telecommunication companies' and card operators' aggressive advertising and marketing campaigns. As a result, financial cards recorded moderate growth in terms of the number of cards in...
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