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Making cash payments on product delivery or in return for items is a relic from the past. Plastic cards have gradually replaced cash, allowing the economy to become cashless and making life easier for those who do not have to carry their money or bags with them.

Moreover, the emergence of cashless apps has made it even easier as consumers can now use their devices to make all payments. With the advent of eCommerce and the need to make payments contactless in the wake of the global pandemic, various digital payment companies and cashless smartphone apps have sprung up.  So, what are the numerous types of cashless apps accessible in the Philippines, and how do they differ from one another? Let’s get started.

1.     COINS.PH


Even if you don’t have a bank account, allows you to buy prepaid loads, pay bills to 95+ businesses, send money, and receive remittances from over 200 nations and territories. Coins is a Philippine-based company founded in 2014 and licensed by the Bangko Sentral ng Pilipinas (BSP), promotes cash transfers using the Bitcoin Blockchain technology.

You can use this for business as well because you earn savings every time you buy a prepaid load. You also get refunds when you pay your bills on time. The main disadvantage of this app is that it is frequently updated, but it lacks some features that an Android app offers, or that Android users will have to wait a little longer for the same feature that we iPhone users will get.



PayMaya is a free cashless app that satisfies your need for safe and secure transactions. You can use the PayMaya app to buy things, make bank transfers, pay bills, send money, scan-to-pay, and pay using QR codes, and other things.

You can properly manage your savings, take advantage of fantastic deals, carefully filter your investments, and even get cashback when you buy with PayMaya. This is a fantastic deal. Changing your phone number, on the other hand, could be a pain. Furthermore, if you intend to register additional accounts under your name, you will be unable to do so. A valid ID, an email, and a written letter will be required, and the process will take 3-7 days.

3.     GRABPAY


GrabPay has scaled up its cashless solutions to allow fellow Filipinos accomplish more things from the comfort of their own homes, all with the convenience of a single digital wallet. Invest in your GrabPay Wallet, take Grab rides, and spend your points at GrabPay retailers are just a few of the things you can do with GrabPay. Because of its award-winning technology and partnerships with reputable e-payment businesses, it is a cashless app you can trust.

Money transfers only work for individuals who already have a Grab account, which is a minor error with this program.

4.     GCASH 


GCash is a mobile wallet program that allows you to send money in real time, pay bills and fees to over 40 billers, instantaneously transfer money to 40+ banks, buy loads, and receive remittances online, including PayPal payments.

You can also shop without a credit card, start a savings account with no initial deposit, invest money for as little as P50, use credit to stretch your budget, and use GCash Forest to help restore the Philippines forest. However, since May 17, 2021, convenience store chain 7-Eleven has charged a 1% convenience fee for GCash cash-in transactions which is a disadvantage of this program.

5.     PAYPAL


PayPal, a digital payments veteran, facilitates online money transactions and provides an electronic alternative to traditional paper methods. It charges a fee to act as a payment processor for auction sites, online sellers, and a variety of other commercial users.

This app is really safe and useful for simple money transfers, and it is also incredibly convenient despite the fees. However, some of its drawbacks include that there is no direct customer service available online, and the buyer-seller conflict is difficult to resolve.



Moneygment is a cashless app that offers a variety of financial services, including bill payments, money transfers, and tax filing. This cashless app makes transactions simple for small to medium size businesses, self-employed people, Filipinos having no bank accounts and OFWs as a one-stop-shop financial solution.

It’s simple to use, transactions are easy and quick, and customer support is top-notch especially when it comes to Moneygment account upgrades. Many users, however, have complained about payment processing delays, as well as an expensive app cost of PHP 50 per government payment of OFWs and PHP 150 per send money transaction  etc.



Dragonpay is the best solution for those people in the Philippines who do not have bank accounts or even credit cards. It supports payment via an online account and a mobile wallet, which is beneficial for e-commerce businesses in the country. With a fixed-price structure, this programme is user-friendly for both merchants and customers.

One of the most prevalent issues with this cashless app is that the DragonPay credits cannot be utilized at any stores, which is most likely due to system maintenance.



Banko is the outcome of a merger between two of the Philippine Islands’ specialized thrift bank units that is BPI Globe BanKo which is the Philippine’s first mobile savings bank, and the Direct Savings Bank is the Philippines’ first internet bank.

The cashless app makes it simple to find low-cost credit products to help self-employed micro entrepreneurs fund their operations or expand their businesses. However, according to user evaluations, Android users may have trouble enrolling for an account in the app because it does not appear to be highly compatible with Android devices.

9.     CLIQQ


This cashless app is beneficial to 7-Eleven loyal customers. CLiQQ is a mobile app developed by 7-Eleven that allows users to manage pay bills, rewards points, and connect to Wi-Fi. When you shop at 7-eleven stores across the country, you can earn rewards points that can be redeemed for merchandise from the rewards catalogue.

One of the benefits of the CLiQQ wallet is the ease with which it may be used to settle debts without having to visit a branch with long lines. It just produces barcodes for your transactions which you must fill out at a 7-Eleven cashier. Despite this, there is no way to withdraw because of the unavailability of prepaid cards.  Likewise, your points or funds from your wallet can’t be used to pay bills.



This cashless app is M Lhuiller’s official mobile application. Users can use their smartphones to pay bills, send money, and buy e-load. They can also withdraw up to PHP 40,000 per day from any of M Lhuiller’s 2,500 branches across the country.

This cashless app was created to act as a virtual bridge for Filipinos who don’t have access to banks or other financial institutions. The cumulative service fee scheme, on the other hand, is a setback. To accomplish its objective of making transactions easier and lighter, a fixed rate for fees would be better.

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