Paypal still uses our 90s money

Some pretty earthshaking news for people like me who work in the field we’re in: Paypal now allows funds withdrawal from Philippine Bank Accounts.

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Where you sign up your bank details at your Paypal account, and they charge you P50.00 for every withdrawal less than P7,000.00.

Sign of a stronger peso? Sign for remittance services to shape up? One thing for sure: It’s a sign Paypal needs to update itself on newer Philippine currency because we haven’t used that green P5.00 Andres Bonifacio bill in like, 10 years (?) already.

I think it’s an Asian wide thing too, as the screenshots on the FAQ show an Indonesian account.

Anyway, just saw a G-Cash ad at PDI yesterday where they’re offering a remittance service, where someone sending money from abroad just sends a text with a reference number to a local beneficiary which can then be cashed at (I presume) gcash partners. How will this affect them?

Ok this is turning out to be a rant, but Globe can’t even maintain a website long enough to help people figure Gcash out. I had to make my own FAQ because as of today, here’s where it leads you when you Google ‘gcash’ and you click the first resulting URL : http://www.myglobe.com.ph/gcash/

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