E-wallets in the Philippines
Queuing to pay for our purchases or bills using cash can be quite a hassle, consuming time that could have been spent on other tasks. But, thankfully, as more e-wallets have now been introduced in the Philippines, we don’t always have to pay using cash any more.
Through e-wallets, we can now buy from online shops anywhere in the world or even pay our bills without going outside our homes. To help you decide which e-wallets fit your lifestyle, here are 10 e-wallets in the Philippines you can download on your phone, from G-Cash to Moneygment.
1. G-Cash – all-in-one e-wallet, from buying mobile load to paying bills
Image adapted from GCash
G-Cash has all the basics of your transactions covered. Through the e-wallet, that’s open to all mobile networks, you can top-up your load, send and receive money instantly, and pay house bills to over 400+ billers. You can also use it to pay at some physical stores, as long as they’re partnered with G-Cash, by scanning their in-store QR codes.
Aside from these features, there are other functions in the e-wallet you can maximize. You can shop internationally through GCash’s American Express Virtual Pay function, or even start a small investment online for as low as P50.
Not all services of the app come free, however. Do note that cashing-in via G-Cash outlets and sending remittances have corresponding charges. Cashing in over-the-counter also has a service fee of 2% once you reach the monthly cap of P8,000.
2. GrabPay – for avid users of Grab services
Image adapted from Grab
If you’re an avid user of Grab services for your daily commutes or lunches, loading your GrabPay e-wallet will come in handy. GrabPay functions as an e-wallet you can use to pay for all your GrabCar, GrabFood, and GrabExpress fees.
Aside from making transport and meal delivery more convenient, the e-wallet can also be used for paying in physical stores, such as Starbucks and SM Store, and on shopping websites such as Zalora. There’s also an option for paying bills.
Once you’ve earned enough Grab rewards, you’ll be entitled to exchange them for ride discounts or various perks, such as 3 months of Spotify Premium for free.
3. Lazada Wallet – access discounts on Lazada
Image adapted from Lazada Philippines
For those of us whose second nature is to add to cart, Lazada Wallet is a built-in e-wallet on the Lazada app that you can use to pay for your Lazada purchases. It’s easy to pay using it – you just have to select “Lazada Wallet” as your payment method when checking out.
Once you’ve earned enough rewards, you’ll get to access various deals such as vouchers for free shipping and discounts. You can also buy your mobile load, pay your bills, apply for loans, and shop using the Lazada Credit Card.
4. Moneygment – for self-employed workers and small-to-medium enterprises
Image adapted from Moneygment
For freelancers or owners of small and medium enterprises, making sure your Social Security System (SSS), PhilHealth, Pag-IBIG, and Bureau of Internal Revenue (BIR) contributions and payments are all done properly and on time can be quite a chore. This is where Moneygment comes in – it helps you manage your government insurance and tax payments.
You can send money, pay for your bills, utilities, insurance, and investments with Moneygment as well, but do note the convenience fees and expensive app fees that come with using the wallet’s services.
5. PayPal – universally-accepted e-wallet for shopping, sending, and receiving money
Image adapted from PayPal
Titos and titas who shop from various international brands and subscribe to international streaming services will find convenience in using PayPal. The e-wallet is universally accepted, and partnered with over 10 million online stores across the world. It’s also popular with freelancers, as it can be used to sending and receiving money from anywhere.
Aside from its universality, it’s known for its security. It comes equipped with encryption, a feature that hides payment details. It’s easy to start with PayPal as well – just link your account to your credit or debit card from an affiliated bank in the Philippines.
But note that its services don’t come all free. There are service fees in some transactions, such as when receiving payment domestically and from abroad. Also, Paypal currency exchange rates are not as good as compared to other inter-currency money transfer services, so do shop around for the best deal when using Paypal to remit cash or pay for items from abroad.
6. Coins.ph – buy cryptocurrency, game credits, and reload your beep card
Image adapted from Coins.ph
If you’ve always been curious about dabbling with bitcoin, you can begin via Coins.PH. By using this e-wallet, you can buy and sell bitcoin and convert your cryptocurrencies from bitcoin to PHP and vice versa. However, you can only make these transactions within the Philippines.
Gamers would also find it useful as you can buy game credits to use in popular games such as League of Legends and Minecraft. If you regularly ride the MRT and LRT, you can reload your beep card using the e-wallet.
Aside from offering these unique features, it comes with services similar to other e-wallets – you can cash-in and out to and from your bank, buy mobile load, send or receive remittances, and pay bills on it too.
7. Dragonpay Credits – for flight bookings, gaming products, and more
Image adapted from Dragonpay
Airline seat sale-snagging ninjas might want to check out Dragonpay Credits. You can use it to pay for airfare, including AirAsia’s seat sales, and it often gives you GetGo points – a reward program under Cebu Pacific – when you use it for your online shopping transactions.
When shopping for your new PS4 games and accessories, you can also make your payment using Dragonpay as it’s supported by gaming shops such as Datablitz.
Download Dragonpay on Google Play.
8. 7-11 CLIQQ Pay – cashless payments in 7-11 stores
Image adapted from CLIQQ
For folks who live near or regularly visit 7-11 stores, CLIQQ Pay will come in handy as it comes with an e-wallet that you can use to purchase items from 7-11 stores by presenting a barcode to the cashier. You’ll earn points for every purchase, which you can redeem through the deals in your Rewards Catalog.
Deals often include siopaos, Gulp drinks, Big Bite Jumbo Classic Hotdogs, and the classic 7-11 ulam packs. You can also share points with friends, or even give or receive rewards as gifts.
Download CLIQQ on Apple or Google Play.
9. Denarii Cash – send money home from UAE and Saudi Arabia with zero transaction fees
Image adapted from Denarii Cash
OFWs based in Saudi Arabia and the UAE can ditch the long queues at remittance centers and use the Denarii Cash e-wallet instead. Through the app, you can send money home without transaction fees.
Aside from its money transfer services, Denarii Cash also provides features which allow OFWs to pay for their kids’ tuition fees at home, bills, government insurance fees in the Philippines, and credit card and insurance bills. The verification process before you can send money might take some time, though, as the app will ask to confirm your ID and address first.
Download Denarii Cash on Apple or Google Play.
10. Maya (formerly PayMaya) – virtual and physical prepaid cards that you can link to one e-wallet
Image adapted from PayMaya
Maya comes with the features of an all-in-one e-wallet – you can use it to purchase mobile load, send money, make bank transfers, and pay bills, among others. But unlike other e-wallets, it gives you access to more transactions as it also comes with virtual and physical prepaid cards.
The built-in virtual card powered by VISA or Mastercard is designed for shopping online, booking flights, and availing other digital services. The physical card, equipped with an EMV chip and which you can also link to the app, can be used to pay for purchase in brick-and-mortar stores that accept credit or debit cards.
E-wallets in the Philippines for hassle-free payments
Gone are the days when making our payments feels like a chore. With various e-wallets now available in the Philippines, we can now pay with just a few taps of our fingers and even receive money from anywhere in the world.
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