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Digital payment grows in Philippines amid COVID-19 fears

Biggest provider GCash saw users surge 150% in one month

The COVID-19 pandemic has turned consumers to digital payments in the Philippines.

MANILA -- Digital payments are fast gaining currency in the Philippines as consumers ditch cash to avoid physical contact on worries over catching coronavirus.

Major wireless carrier Globe Telecom's GCash, the nation's largest provider of mobile money services, said the number of its registered users soared 150% in the month from mid-March. GCash and its main rival, PLDT's PayMaya, are in spirited marketing campaigns to position themselves to cash in on the "new normal" in the post-COVID-19 era.

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