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As of May 2023, GCash claims to have 81 million active users and 2.5 million sellers and merchants across the Philippines. [2] [3] Since GCash does not have bank status, the ₱500,000 protection of funds deposited in a bank by the Philippine Deposit Insurance Corporation is not available for e-money issuers.
A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
The Beep payment system is implemented and operated by AF Payments Incorporated, which is a joint venture of Ayala Corporation and Metro Pacific Investments Corporation. [2] The system makes use of a reloadable contactless smart card of the same name. Each card can store a value of up to ₱10,000.
At the time e-tickets were first implemented in the 1990s, this simple data structure was not a major problem because most airlines still practiced product bundling. That is, it was simply expected in most major markets that the price of a ticket included many other ancillary services like (1) checking up to two regular-sized bags and (2) one ...
Departure tax is in the form of an Airport Improvement Fee [AIF] and is added to the cost of the ticket. Ranges from $0–40 depending on the Canadian airport that you depart from. [4] Cambodia: US$25 Included in airline tickets as of 2011 China: CN¥ 90 (US$ 13.95) Charged to all visitors leaving by air. Fees are included in airline tickets ...
GCash, a Philippine fintech firm, has hired banks, including Citi, Jefferies and UBS, to work on an up to $1.5 billion domestic initial public offering, three sources with knowledge of the matter ...
Philippine Airlines (PAL) is the flag carrier of the Philippines. [11] Headquartered at the PNB Financial Center in Pasay City , the airline was founded in 1941 and is the oldest operating commercial airline in Asia .
Maya Bank was among the 415 banks that Forbes ranked in 2023 based on a global survey of 48,000 customers. The criteria included digital and customer services, financial advice, and user trust. Nine other Filipino banks made it to the list, including CIMB Bank Philippines, Philippine National Bank, and Bank of the Philippine Islands. [27]