Essentials for studying in the Philippines: In-depth understanding of the third-party payment system

Amid the impact of COVID-19, contactless payment methods have rapidly gained popularity across the world, and the Philippines is no exception. For those of us who are accustomed to using electronic payments in Taiwan, how should we deal with it in the Philippines? This article will introduce in detail the most popular electronic payment system in the Philippines, and especially recommend the "Bipay" brand to make your study tour in the Philippines more convenient!

Table of contents

Introduction to the three major electronic payment systems in the Philippines

GCash

Paymaya

GrabPay

Philippine Electronic Payment Systems Comparison

A detailed introduction to the most popular Gcash in the Philippines

"Bifu" brand introduction: Bifu pay, Bifu gcash, Bifu Philippines collection and payment

Tips and Reminders for Using Electronic Payment Systems in the Philippines

Introduction to the three major electronic payment systems in the Philippines

Since Taiwan's LINE PAY and street payment cannot be used in the Philippines, students who are about to travel to the Philippines need to study the local electronic payment system. The three most popular electronic payment systems in the Philippines are: GCash, Paymaya, and Grab Pay.

The main purpose:

Scan for daily consumption/pay by scanning QRCODE

Purchase mobile phone recharge and telephone network plans

Philippines local bill payment

Transfer money

Use group:

Filipino locals

Foreigners who live in the Philippines for long-term work or study

A small number of short-term traveling students

GCash

GCash is a subsidiary of Mynt. The shareholder behind it is Globe, the largest telecommunications company in the Philippines, and its group Ayala Corp. GCash is extremely popular in the Philippines, and almost all stores that provide electronic payments support GCash.

Paymaya

Paymaya is a subsidiary of Voyager Innovations. One of its major shareholders is PLDT and Smart, the second largest telecommunications company in the Philippines, and its subsidiary MVP Group. Paymaya's popularity in the Philippines is also quite high, and its usage is similar to GCash.

GrabPay

GrabPay originated from the Grab ride-hailing service in Southeast Asia and has since expanded to more areas, including express delivery, food delivery and financial services. It can be used in Southeast Asian countries. Grab Pay is built into the Grab APP and does not require additional installation. In addition to being able to pay for your own ride-hailing and delivery services, QRCODE payment methods are also available in many stores.

Philippine Electronic Payment Systems Comparison

GCash, Paymaya, and GrabPay can all be used for payment through QRcode. The difference is that only GrabPay can be registered using non-mobile phone numbers, and GCash has the highest local popularity.

"Bifu" brand introduction

In the Philippine electronic payment market, the "Bipay" brand stands out for its convenient and efficient services. Whether it is "Bifu pay", "Bifu gcash" or "Bifu Philippines collection and payment", we are committed to providing users with a safer and faster payment experience. Through "Coin Pay", you can easily realize cross-border payment, collection and payment services, etc., making your study tour in the Philippines more worry-free.

GCash detailed introduction

Since GCash is extremely popular in the Philippines, it will be introduced in detail. The first step to using GCash is to register as a user, which requires only a Philippine SIM card and a phone number to register. After verifying your identity, you can top up money into your GCash wallet and use GCash to pay in major supermarkets, stores, etc.

Tips and Reminders for Using Electronic Payment Systems in the Philippines

If it is only a small amount of consumption, it is more convenient to store value directly with cash in a physical store.

If you have any doubts about your qualifications, you don’t need to provide your passport or identity document to complete the advanced user authentication. You can also use QRCODE payment and mobile phone number bill & plan.

Don’t store too much money at once, as you won’t be able to use it again after returning to Taiwan!