Filipinos Struggle to Go Cashless, Study Finds

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 8 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 86%

Finance News

Filipinos,Cashless Society,Payments

One in three Filipinos believes the Philippines can become a cashless society by 2030, but many still rely on physical cash for payments.

In 2023, the average Filipino still can’t last for two weeks without using physical cash to pay. Among Filipinos who actually tried to go cashless in 2023, the average number of days that they successfully managed not to use cash was 10 days.

According to the study, 82% of Filipinos believe they can go cashless for a day, but that number drops to 68% for three days, and just 52% for a week.

Filipinos Cashless Society Payments Physical Cash Study

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Resilient Finances in Turbulent Times: How Filipinos Adapt amid Economic UncertaintyACCORDING to the Asian Development Bank, the Philippine economy is expected to pick up in 2024. The forecast for the 2024 gross domestic product (GDP) is maintained at 6.2 percent with household consumption and public spending on infrastructure and social services contributing to the country’s economic expansion.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Filipinos urged to invest in retail treasury bonds for cheap investment opportunitiesFinance Secretary Ralph Recto is urging Filipinos to invest in the 30th tranche of the Bureau of the Treasury’s Retail Treasury Bonds (RTB 30) in a bid to promote cheap investment opportunities and help the government fund its priority projects.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Filipinos Dissatisfied with Government's Performance in Managing Inflation and Reducing PovertyFilipinos express dissatisfaction with the government's efforts in managing inflation and reducing poverty, according to a recent survey. However, they are satisfied with other state services such as infrastructure development and disaster response.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

PBBM stands firm on ICC stance despite poll showing most Filipinos support drug war probeDespite more Filipinos backing the government's cooperation with the International Criminal Court (ICC) on its probe on the previous administration's bloody drug war, President Ferdinand R. Marcos, Jr. said the country will continue to block any attempt by the judicial body to intervene in the country.
Source: BusinessMirror - 🏆 19. / 59 Read more »

SWS: Many Filipinos bothered by climate changeDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

SWS: Many Filipinos bothered by climate changeDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »