A must-have for studying in the Philippines: Coin Pay, unlocking a new electronic payment experience

Under the influence of COVID-19, contactless payment has become a new trend, and electronic payment systems are rapidly gaining popularity around the world, including the Philippines. For students who are about to go to the Philippines for study tours, it is particularly important to understand and be familiar with the local electronic payment system. This article will give you a detailed introduction to the electronic payment system in the Philippines, especially the related services of Bifu Pay, to help you easily deal with payment problems in a foreign country.

Table of Contents

Overview of the Philippine Electronic Payment System

GCash (Bifu gcash)

Paymaya

GrabPay (Bifu Philippines Collection and Payment)

Bifu Pay's position in Philippine electronic payment

Bifu Pay detailed function introduction and usage tutorial

Practical suggestions for using electronic payment in the Philippines

Overview of the Philippine Electronic Payment System

In the Philippines, the most common electronic payment systems are GCash, Paymaya and GrabPay. These systems are widely used in daily consumption, mobile phone recharge, bill payment and transfer scenarios.

GCash: Operated by Mynt, with the support of Globe, the largest telecommunications company in the Philippines, it has a very high penetration rate.

Paymaya: A subsidiary of Voyager Innovations, it has a high penetration rate and is used in a similar way to GCash.

GrabPay: It started with Grab, the leader in Southeast Asia’s taxi-hailing industry. In addition to paying fares, it can also be used in a variety of payment scenarios.

The status of Bifu Pay in Philippine electronic payments

Bifu Pay, as an important participant in the field of electronic payments in the Philippines, provides a series of convenient services including Bifu gcash, Bifu Philippines collection, and Bifu Philippines payment, which has brought great convenience to local users and foreign students studying abroad. Through Bifu Pay, users can easily realize cross-border payments, bill management, and local consumption, which greatly improves the payment experience.

Bifu Pay detailed function introduction and usage tutorial

The core functions of Bifu Pay include:

E-wallet recharge: supports a variety of recharge methods, including cash recharge in physical stores and bank transfers.

QR code payment: Scan the QR code to complete the payment, which is convenient and fast.

Mobile recharge and bill payment: supports mobile recharge and local bill payment of major telecom operators.

Transfer service: users can easily realize local transfer and cross-border transfer.

Steps to use BifuPay:

Registered users: You only need a Philippine SIM card to register with your phone number.

Identity verification: Complete basic or advanced user verification to enjoy more features.

Recharge: Recharge your e-wallet through physical stores or bank transfers.

Practical suggestions for using electronic payments in the Philippines

Although electronic payments are becoming more and more popular in the Philippines, students still need to pay attention to the following points:

Small consumption suggestions: It is more convenient to recharge directly with cash in physical stores.

Personal information security: If you have doubts about your personal information, you can choose not to perform advanced user verification.

Reasonable recharge: Do not recharge too much money at one time, otherwise you will not be able to continue using it after returning home.

Philippines study abroad agency-Jia International Education Study Abroad Center

For more information about studying abroad in the Philippines, please contact Jia International Education Study Abroad Center. We provide a full range of study abroad services in the Philippines to help you start a wonderful study abroad trip!

Choose Jia to make your study abroad trip in the Philippines easier and more convenient! Contact us now to start your new chapter of study abroad!