Cash Agad is a service that turns community-based shops and similar establishments into a neighborhood ATM. It has been operating in both far-flung and semi-urban communities for the past several years, allowing residents to make cash withdrawals, receive remittances and government cash subsidies,make balance inquiries, and get access to calamity funds and loan releases.
An Access-to-money Story From Mindanao
According to Elsa Pardo, a store owner from Lantapan, a municipality in Bukidnon Province, Mindanao, until today there’s just one single bank operating in their community.
When the bank’s ATM runs out of cash or is in need of repair, people will have to wait and endure a few days without cash. Those who can’t afford to wait would have to go to the nearest urban area which is some 14 kilometers away. Transport fares can get quite expensive.
According to Elsa, sometimes even these other ATMs also run out of cash or go offline. In such cases, people would have to return home and go back the following day.
How much more when quarantines were imposed due to COVID-19? Can you imagine how difficult their access to funds was?
“Mahirap dito noong nagka-quarantine. Hindi makalabas yung mga tao. Kaya sabi nila, it’s a good thing there’s Cash Agad. Kasi mas madali na sa kanila mag-withdraw ng pera. Kung pupunta pa sila sa malayo, madami pang aasikasuhing requirements. Kailangan pa ng quarantine pass. Travel pass. Very inconvenient. Pag dito sa Cash Agad, malapit lang tapos makukuha pa agad yung pera. Sandali lang ang queueing time,” Elsa explained.
Cash Agad is indeed one example of a bank’s faith in the resilience and resourcefulness of Filipinos in the countryside. Elsa’s story is just one of the pieces of proof that the unhindered access to cash provided by Cash Agad is crucial to people’s life whether or not there is a pandemic.
“Financial inclusion in far-flung communities is a driver for economic growth. Some places are too far away or located in terrain that make it difficult, logistically, to build a bank branch. Take for example some islands or mountainous regions. That’s why innovative services like Cash Agad are a way to bridge the gap. As more spending occurs in a community, the better for residents and businesses,” said Jim Nasol, Head of Agency Banking, BDO.
The service of Cash Agad affects wider than the household of the card holder. In a more expanded horizon, when you give the people in more communities ready access to cash, the spending and capital flow increase. Thus the local economy lives, grows.
*It was BDO Unibank Inc. that first originated the idea of the services offered by Cash Agad.
Banking and remittances are crucial to our survival, sanity, and happiness.
“Mahilig ang mga Pinoy sa drama eh. Pero pati comedy rin. Etong mga videos, parang pinagsama yan tapos may twist. Yung pangkalahatan na mensahe ng video ay kailangan natin ngayon: yung kasiyahan at pag-asa.” Piolo Pascual, Ex-OFW, Philippine Actor on the new BDO Remit video Ads.
*The videos are shown in BDO branches, on BDO’s YouTube channel and on BDO Kabayan Facebook page.
BDO Remit – through BDO Kabayan Savings – its special savings & remittance account for the overseas Filipino market – has become a lifeline for overseas Filipinos during the pandemic. BDO Remit has kept its services running to help Filipinos overseas and their families cope with the challenges of the pandemic.
CALL FOR BAYANIHAN
Piolo added that the new videos show precisely how to help. “In all the videos, mapapansin mo na kahit light and funny ang approach, malinaw ang mensahe: kapag ang kapwa Pinoy ay nasa alanganin, kapwa Pinoy ang tutulong. Hindi naman kailangan na solohin natin ang problema. Ang lakas ng Pilipino, nasa pagtutulungan, bayanihan. Especially during this pandemic, which is a huge, global problem, we need to call on the best in ourselves and help each other,” he said.
The new video commercials are light-hearted spin-offs or even slight spoofs of classic scenes in his movies “Milan” (with Claudine Barretto) and “Starting Over Again” (with Toni Gonzaga). As the videos’ release coincides with OFs’ present situation, they take on more significance and meaning in Piolo’s view.
Piolo has played several OF characters in various dramatic films–it’s a role that he also knows in real life because he used to be a security guard in Los Angeles, California before he achieved Philippine movie stardom.
“Ang drama natin ngayon, real life. Pandemic. Lost jobs. Quarantine. Sandaang araw na itong drama. Hindi kagaya ng drama sa pelikula, two hours lang. So we need relief, we need to feel lighter, to see that we can still smile. Ma-realize lang natin na, oo nga, okay pa rin tumawa, magsaya. Na meron pa ring pag-asa. May solusyon. We can always find ways,” said Piolo.
Funny videos help Overseas Filipinos (OF) bear the pandemic’s mental burden
Experts in the Philippines and other countries have been warning us: along with the wave of COVID-19 infections would be a wave of mental illness. There’s no avoiding that: people are anxious, afraid, and many have lost jobs and face an uncertain future. Add to that our collective isolation, loneliness, and dread. Overseas Filipinos (OFs) are particularly vulnerable.
Actor Piolo Pascual is among those calling for more support for OFs during the pandemic. He said that overseas Filipinos are already under a great amount of pressure as they face tough emotional, physical, and financial challenges. It’s not surprising then that some of them would have mental health issues.
“For decades, our economy benefited from billions of dollars in remittances. At this time, it’s our turn to give back and support OFs now that they are going through both a pandemic and an economic downturn,” said Piolo.
Reaching out, getting help
Piolo said that the most important thing that OFs need to remember is to reach out for help. “Marami kasi sa atin, may tendency to keep things to ourselves. Masyado tayong matiisin. Akala natin puntos para sa atin yung magdusa. No, it’s not. Kung malungkot ka, o masama ang loob, call a friend. Makipag-usap sa kapamilya. Wala namang award na ibibigay sa iyo kapag sinarili mo ang problema mo. Nagiging delikado lang lalo ang mental health mo,” he said.
He also reminded OFs not to hesitate getting professional help if needed. “There’s still a stigma over mental health. Sa panahon ngayon, hindi na dapat ikahiya ang mental illness. Tratuhin natin na tulad lang ng ibang sakit sa katawan.” He noted that there’s no shame in getting help in order to be better in our minds and emotions.’
Piolo added that people should be more empathetic and compassionate. “Pag may lumapit sa atin dahil nalulungkot, o may problema. Huwag balewalain. Sometimes, we say, ‘Kaya mo yan!’ pagkatapos iiwanan natin.. Hindi sapat yun. Huwag natin iwanan. Samahan natin tapos pakinggan natin.Hindi naman kailangan tayo ang mag-solve ng problema. Basta maiparamdam natin na hindi siya nag-iisa. Na nandon tayo to support him or her.”
All the new videos aren’t just fun and enjoyable to watch but also showcase how Filipinos, deep down, are ready to help someone in need. During this public health and economic crisis, all essential services–including banking and remittances–have become crucial to our survival, sanity, and happiness. The pandemic and economic crunch may last longer than expected. But as Piolo’s commercials show, in their own witty and hilarious way, we still have each other. And that’s worth the effort to keep on fighting and hoping.
Micro-, small- and medium-sized enterprises (MSMEs) can now add a payment option for online buyers.
To upkeep your business transactions despite of today’s global health situation,an entrepreneur has to adapt the new normal of the trade – Contactless (But safe and fast) payment option. Merchants can easily adapt to this without a need for an e-commerce website.
“As of May 2020, the Department of Labor and Employment (DOLE) have received temporary closure notice from over 50 micro, small, and medium enterprises (MSMEs) affecting almost 190,000 employees.”
The Philippines’ only end-to-end digital payments ecosystem enabler, PayMaya activates a mobile payment platform for micro-, small- and medium-sized enterprise (MSME) owners which enables them to accept up to PhP 250,000 worth of payment a month for free – The PayMaya Negosyo App.
How to Download PayMaya Negosyo App
It is PayMaya account for merchants. Compared with PayMaya consumer accounts that just have a P100,000 account limit for upgraded users, ‘Negosyo’ app users have a monthly limit of up to P250,000.)
Upload one valid government ID as well as a video selfie for liveliness check.
Wait 24 to 48 hours for the application to be reviewed and approved.
Start accepting digital payments right away whether from PayMaya users or account holders of other banks and e-wallet providers.
Once the payments are received in your merchant’s PayMaya Negosyo wallet, you can then transfer these amounts to your respective bank accounts via InstaPay.
“As more consumers begin to prefer shopping online and paying using contactless methods, PayMaya Negosyo will give our MSMEs the easiest and fastest way to accept digital payments from across a variety of sources–all they need now is their smartphone and a valid ID,” said Shailesh Baidwan, President of PayMaya.
Physical distancing and online purchases are already part of the norm for everyone. The silver lining of this pandemic in the context of business perhaps is, It encourages consumers to trust the convenience of cashless and contactless payment. With the the surge of online purchases, the “PayMaya Negosyo app” weans not just the consumers but also the merchants by making contactless transactions easily adaptable as a new normal.
PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that cuts across consumers, merchants, and government. Aside from providing the payments acceptance for the largest e-Commerce, food, retail and gas merchants in the Philippines, PayMaya is enabling national and social services agencies as well as local government units with digital payments and disbursement services.
Through its PayMaya app and wallet, it is providing millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined.
Its Smart Padala by PayMaya network of over 30,000 partner agents nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services.
From February 19 until April 18, 2020 whenever you scan to pay a minimum of P200 using PayMaya QR at participating Ministop branches nationwide, your PayMaya credits will be added with PhP 50.
Scan To Pay. Ask for the PayMaya QR code at the cashier. Scan the code to pay for your purchase smoothly and instantly. Ministop takes pride in its ready-to-eat offerings that suit the varied tastes and wants of Filipinos, such as the best-selling Uncle John’s Fried Chicken. Being the first convenience store in the country equipped with an in-store kitchen facility, Ministop’s food selections are served hot and fresh every day. Ministop Philippines has almost 500 stores in key areas of Metro Manila, South Luzon, and Visayas, with stores located in Cebu, Bacolod, Dumaguete, Roxas and Boracay. (https://www.ministop.com.ph/about-us)
3. Add money at the Ministop branch swiftly.
Deposit an amount to your PayMaya account in select branches through the Pay & Go kiosk. The add money machines will soon be enhanced to offer even more convenient add money options in the coming months.
“Whether it’s grabbing Ministop’s famous Uncle John’s Fried Chicken for a quick lunch or buying supplies for home, your payment experience just got more convenient and rewarding because of PayMaya QR. It’s the perfect marriage of convenience and rewards, which makes buying your items at Ministop with PayMaya even more exciting,” said Raymund Villanueva, Head of QR Ecosystems at PayMaya.
SCAN TO PAY AT KFC TOO!
HOW TO DOWNLOAD PAYMAYA APP:
1. Download the PayMaya App. Get it on Google Play or on the App Store.
2. Register with your personal details. Use our code, copy 1p374rland paste.
HOW TO UPGRADE FOR FREE:
1. Log in to the PayMaya app. For Android: Tap MENU. For iOS: tap MORE. Then tap UPGRADE FOR FREE.
2. Submit required information and upload photo of YOUR VALID ID (not your photo. Your ID). You need at least one (1) primary ID or two (2) secondary IDs. Make sure all IDs can be seen clearly in the photo.
3. Wait for a verification code sent through the app & SMS. Use this as reference during your face-to-face validation.
4. Tap START VIDEO CALL to talk to the UPGRADE OFFICER who will validate your application. Once application is approved, you may now enjoy the perks of an upgraded PayMaya account!
To know how you can maximize your PayMaya account, visit www.PayMaya.com/deals or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.
Piolo Pascual temporarily left showbiz at age 19 to join his mom and other siblings in California, USA. There, he juggled two jobs, working as a hospital staff during the day and as a security guard in downtown Los Angeles at night. He was working almost 16 hours a day, only to make ends meet. While very challenging, he said his life abroad was full of valuable lessons, which helped him achieve financial freedom.
Piolo Pascual as a doubly-worked Overseas Filipino
When I migrated to the US, I had to start from scratch. I had to work right away or else I wouldn’t have any food on the table,” he said of his early struggles.
“I had two jobs because my salary was not enough to pay for my insurance, my car, my rental, my food, and allowance,” Piolo added.
Two years after moving to the US, he decided to go back home. He wanted to give acting another try. While his years as an OF didn’t last long, he credits much of his success to the valuable lessons he learned while living and working abroad.
“I wouldn’t be what I am today if it weren’t for the hardships I went thru as an OF. I learned to work very hard to be able to pay for things but at the same time, I learned not to spend beyond my means. It really takes discipline to be practical and not buy things that you really do not need,” he emphasized.
More importantly, he learned that part of protecting your hard-earned money is choosing the right remittance partner, one that not only promises convenience but security as well.
Piolo Pascual as a then dependent of an Overseas Filipino
“My mom was already in the US when we were growing up. At that time, it was so hard for us to get money from her for our schooling. We would then go to an agency, which would charge us with all sorts of fees. BDO really changed the landscape of remittance. They made it easy for Filipinos overseas to send money to their loved ones,” he said.
BDO Remit is the global remittance service brand of BDO, the largest bank in the Philippines. BDO Remit’s flagship service—BDO Kabayan Savings—is the heart of bank’s service to the Overseas Filipinos and their families. Through this service, customers receive remittances in a fast, safe and convenient manner, and at the same time, are entitled to unique and long-term benefits that aim to protect their future such as free life and accident insurance.
By having an account, you build credit history with the bank, making it easier for you to apply for a car, home, or business loan in the Philippines.
Open a BDO Kabayan Savings account now at the nearest BDO branch. Requirements and steps below.
As a former OF, Piolo said he knows how much our kababayans abroad sacrifice just to be able to provide for their families back home and so he cautions OFs against sending money to just any remittance agency especially those they just happen to see online.
“You are entrusting your hard-earned money to others. Always go for someone who is trustworthy, who has a track record, and who has been there for a long time. The last thing that you want to happen is for your money not to reach your loved ones. That’s why I always choose BDO. With BDO, you are confident that your money will be safely remitted to your loved ones back home,” he said.
HOW TO OPEN A BDO KABAYAN SAVINGS ACCOUNT
Overseas Filipino and their beneficiaries may open a BDO Kabayan Savings Account at ANY BDO branch in the Philippines.
Only PHP100 (for PHP account) or US$100 (for USD account) initial deposit
Seafarers employed by POEA-accredited shipping companies may open a BDO Kabayan Shipping Dollar Account where they can directly credit their allotment. Only $10 initial deposit, one (1) valid ID with picture, one (1) 1×1 ID picture and a valid seaman’s book are needed to open an account.
One (1) valid ID and One (1) 1X1 photo
With passbook and ATM debit card
Zero maintaining balance with at least one (1) remittance within two (2) years. Your BDO Kabayan Savings will automatically convert to a regular ATM savings with a maintaining balance requirement of Php2,000 when there is no remittance within two (2) years.
Remitters may qualify for free life and accident insurance. Click here to register.
Earn BDO Rewards points too from your savings and remittances! Know more.
REMITTANCE OFFICE LOCATIONS
In Asia, BDO Remit has a total six (6) remittance offices located in Hong Kong, Macau and Japan; three (3) representative offices in Singapore, Taiwan and Korea; and a full branch in Hong Kong. In the Middle East, BDO Remit has one (1) representative office in the United Arab Emirates and three (3) remittance offices in North America, two (2) of which are located in California, USA and one (1) in Toronto, Canada. In Europe, BDO Remit has presence in the United Kingdom, France, Ireland, Italy, and Spain, with a total of nine (9) remittance offices in the said countries.
More than BDO Remit’s role to transmit remittances from Filipinos overseas to their beneficiaries in the Philippines, the brand strives to uplift the market through innovative product and service offerings, value added product features, loyalty rewards, special events, as well as partnerships with various institutions for greater customer reach both locally and abroad.
Through BDO Remit, BDO was named the 2017 “Commercial Bank that Generated the Largest Overseas Filipino Remittances” at the 2018 Bangko Sentral ng Pilipinas’ Stakeholders Awards. BDO Unibank has won the award from 2008 to 2010, and again from 2013 to 2016.”
About BDO Unibank, Inc.
BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services, and stock brokerage services.
BDO has one of the largest distribution networks, with more than 1,400 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 20 overseas remittance and representative offices in Asia, Europe, North America, and the Middle East.
BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of September 30, 2019. For more information, please visit www.bdo.com.ph.
KathNiel represents the exciting and energetic cashless lifestyle of the PayMaya users.
The most rewarding mobile wallet in the Philippines, PayMaya, launches its latest campaign “BalikBayad” with “Teen Royalities” Kathryn Bernardo and Daniel Padilla (KathNiel). The campaign video, described by viewers in the comment section as “cute and astig”, contains action-packed scenes showing the benefits when “You don’t pay cash. Paymaya!”.
Watch the video here: bit.ly/PayMayaKathNielVID
The #BalikBayad Campaign
The #BalikBayad campaign is a follow-up to PayMaya’s widely successful “Don’t Pay Cash. PayMaya!” campaign last year.
This campaign aims to highlight the monetary rewards in a form of cashback users get when they participate in PayMaya’s various promos for bills payment, buying load, paying for goods and services via QR, online shopping, and sending money, among many others. In fact, this February alone, PayMaya users can get as much as P6,000 from those cashless payment transactions.
PayMaya has also expanded the list of merchants and establishments under its PayMaya Preferred program, which gives additional cashback to users who scan to pay with PayMaya QR on top of the regular cashback that they usually receive. Some of these new partners include Landers Superstore, Mercury Drug, KFC, Robinson’s Department Store, Total Alabang and Valenzuela, and Toys ‘R Us, among many others.
“We’re very excited to have KathNiel representing the ‘BalikBayad’ campaign, because just as these two big celebrity icons have made a comeback for PayMaya this year, our users can also expect something to come back–in the form of cashback–every time they use PayMaya instead of cash,” said Mark Jason Dee, Head of Growth and Marketing of PayMaya.
The Campaign Video
Set as a typical ‘90’s action movie complete with guns, goons, and even the penultimate “Pinoy Kontrabida” in the form of Rez Cortez, the campaign video features the two young celebrities using the powers of PayMaya to tackle everyday transactions that are typically paid with cash, such as grocery shopping, paying bills, buying load, and online shopping, among many others. The PayMaya jingle which is set to the tune of the hit ‘90’s Eraserheads song “Ligaya,” was also featured in most of the scenes.
The #BalikBayad campaign video is KathNiel’s come-back project after more than a year of not being seen together on-screen.
“PayMaya is a young and fun brand and we’re definitely lucky to have collaborated with Kathryn and Daniel in this campaign, because they represent the exciting and energetic lifestyles of most of our users,” Dee added.
Get in on the most rewarding mobile wallet experience by downloading the PayMaya app on your iOS or Android devices. Use the code upon signing up: 1p374rl.
Complete steps on how to download the PayMaya App: bit.ly/NEWcardPAYMAYA
PayMaya Brings Back Time and Convenience
But aside from getting monetary rewards in the form of cashback every time you pay, you are also able to make more time and experience greater convenience when you use PayMaya.
With PayMaya’s virtual card, for example, users can instantly gain access to a payment card which you can easily use for online shopping and other digital payments for a faster, more efficient payment experience.
PayMaya also recently introduced the ability to transfer money from users’ PayMaya account to other bank accounts, eliminating the need to wait in line at bank branches in order to make a bank deposit.
“PayMaya users can definitely look forward to even more features and services that will give them more convenient ways to pay as well as awesome rewards in the months to come,” Dee added.
To know more about the BalikBayad campaign and how you can get all of these exciting perks from PayMaya, visit www.paymaya.com/balikbayad or follow @PayMayaOfficial on Facebook, Instagram and Twitter.
There is no quick way to get rich. There are useful and secured online channels to help you though.
Fifty Billion Pesos. That is the reported sum of allegedly scammed amount from the supposed 5 million “donors” of a get-rich-quick scheme that overwhelmed Mindanao from 2017 to 2019 (https://www.pna.gov.ph/articles/1072358)
Let us delve on the positive connotations of those numbers though. First, that Filipinos are actually inclined to investing. Second, there is money in the Filipinos. That our countrymen, whichever socioeconomic category they belong, are bent on allocating money for an instrument that grows their wealth. Thus, why not suggest a legitimate and easy-to-use platform that fuels the investing mood of these Pinoys?
CONNECT TO THE FUTURE OF INVESTING
Philippine Digital Asset Exchange (PDAX), is a digital asset exchange licensed by the Bangko Sentral ng Pilipinas (BSP).
By creating your own account at the PDAX official website (http://bit.ly/2ZFyXyF), you are connected to buy and sell cryptocurrencies like Bitcoin and other digital assets that have never been available in the Philippines before, at globally competitive market prices.
PDAX believes that digital assets and blockchain will even the playing field to give every Filipino, from all walks of life, the ability to grow their hard-earned wealth.
Investors may be just literally “donors” when we are not cautious in the amount we invest and in the instrument we use to invest. Thus, be connected to a BSP-licensed and user-friendly platform in growing your wealth. Be always reminded too, that learning about investing and growing your money from investing come from doing it largely with your own effort. There is no quick way to get rich. There are useful and secured online channels to help you though.
HOW TO CREATE A PDAX ACCOUNT FOR FREE
1. To create your account, go to http://bit.ly/2ZFyXyF. Make sure that you are visiting the official PDAX website.
2. Enter your email address, mobile number, and a strong password on the signup form and click Sign Up. Use an active email address and mobile number since you will be asked to verify both.
3. Click the verification link that will be sent to the email address you provided. For security purposes, this link will expire in 24 hours.
4. After you click the link and verified your email address, enter the same mobile number that you provided on the signup form and click Send Code.
5. Enter a 6-digit verification code that will be sent to your mobile number via SMS and click Verify.
6. That’s it – congratulations! You have successfully created your PDAX account. Cash in an amount as you are now ready to take on the world of crypto and digital assets. Steps on how to cash in are listed below.
HOW TO UPGRADE YOUR ACCOUNT
Log in to your PDAX account.
Click Upgrade Tier, which you can find below your name on the top left corner of the screen. You can also click Upgrade from the dropdown menu under My Account.
Take note of the requirements to upgrade to the next tier. Once you have these requirements on hand, click the Upgrade button. You can only upgrade to the tier level next to your current tier.
Complete the Personal Information form and follow the instructions that will be shown on the screen on how to proceed.
Once done, click Submit. The PDAX team will review your account upgrade request within 1 to 2 business days to ensure that all required IDs and/or documents are complied with. You will be informed of your account upgrade status through email.
HOW TO CASH IN MONEY
Log in to your PDAX account.
Click the drop down menu on the right corner area of your phone’s screen.
Choose which Cash in channel is convenient for you.
Follow the instructions displayed specific to your chosen cash in channel.
*CASH-OUT CHANNELS: Interbank Transfer, M Lhuillier, Cebuana Lhuiller.