The best payment solutions for freelancers and SMBs in the Philippines As global demand for Filipino talent, goods, and services continues to rise, the country’s growing community of SMBs and freelancers need to be able to send and receive money securely and eciently. But managing international payments can often be confusing and costly without the right tools in place. These small businesses are eagerly expanding into global markets. According to Payoneer’s second annual SMB Ambitions Barometer , half of Filipino SMBs say that reaching new customers is the biggest benefit of going global. They also highlight improved innovation (62%), access to higher quality supply chains (57%), and better financial performance (54%). All that international activity comes with an increase in cross-border payments. When looking for the best payment solutions for freelancers and SMBs in the P...

PayPal is a financial technology (FinTech) operating as an online payment system in the majority of the country, accepting payments online. PayPal is a payment method used by the majority of Filipino freelancers accepting payment from their clients in other countries. It is regulated by the Bangko Sentral ng Pilipinas as an operator of payment services in the Philippines under the National Payment Systems Act. G-Xchange, Inc. (GXI) and PayPal partnered to have smooth and fast withdrawal of funds from PayPal to GCash, which helps all freelancers with ease without hassle in withdrawal; there is no need to link a card to get cash from PayPal. However, what if you have no other way or method of payment for your purchases online or other transactions but only PayPal? How will you get funds (cash in) your PayPal account here in the Philippines? As of today, we have no other way to cash in your PayPal account by over-the-counter methods or bank transfer because this is an internat...

If you miss your due date once in a week, there is nothing to worry about regarding your account because there are no additional charges on your balance. However, your Account Officer (AO) will visit your home and ask for your payment as a follow-up reminder. Your AO will advise you to avoid missing due dates as much as possible and offer simple advice on managing your payments. For example, if you have savings that can cover your due or if offsetting is possible (using your locked savings to pay your loan), they will assist you in resolving the issue. An overdue payment creates a negative record on your account, which can affect future assessments. It may impact your next loan application. Your AO will evaluate your application possible based on  Your repayment history,  Your attitude toward payments, and  Your behavior during follow-up visits. As mentioned earlier, the...

The Philippines’ agriculture sector has long been a cornerstone of its economy, providing livelihoods for millions and ensuring food security for its growing population. However, the industry faces significant challenges, including climate change, limited modernization, and post-harvest losses. Over the next decade, the sector is poised for transformation through technological advancements, policy reforms, and sustainable practices. This article explores the potential trajectory of Philippine agriculture from 2024 to 2034.   Current State of Philippine Agriculture   As of 2024, agriculture contributes about 9-10% to the country’s GDP and employs nearly 25% of the workforce. Key crops include rice, corn, coconut, sugarcane, and bananas, while fisheries and livestock also play vital roles. Despite its importance, the sector struggles with:   Low productivity due to outdated farming techniques   Climate vulnerabilities (typhoons, droughts, El Niño/La...

The government will open Kadiwa stores in NHA housing sites. They will sell rice for ₱33 per kilo. This will start this month, General Manager Joeben Tai announced the plan on Monday. The stores will open from April to May 2025. They will be in Central Luzon and Region IV. Some locations include San Jose del Monte (Bulacan), Laguna, Naic, Bacoor (Cavite), and parts of Rizal.   The Kadiwa ng Pangulo program sells affordable rice, vegetables, meat, and fish to Filipinos. Each family can buy 3 to 50 kilos (1 sack) of rice. The program aims to help 1.2 million families in NHA housing.  Right now, the government is still buying rice. But they already have 80,000 sacks ready. The rice may arrive in housing sites this week or next week. The NHA and the Department of Agriculture (DA) signed an agreement last March to start this program. Source: GMA News Other related Articles: • Practical Farming Practice for Sustainable Agriculture: Balancing En...