RPConnect's Philippine Project will See Its Own Digital Cash
November 21, 2021 - Manila, Philippines - Dubbed San Guillermo for “San Guillermo Project, is a series of development projects in the Philippines that is trending with its own Digital eCash. The project is marketed for Filipinos working abroad, popularly known as OFW (Overseas Filipino Workers) which has an estimated 2.2 million OFW worldwide to the Philippine Statistics Authority.
The rising mobile payment activity worldwide comes from the rise of digital money. Duane Gentozada, CEO of Prime Fenris together with RPConnect, the eWallet has been included in the program which covers Filipinos living abroad.
Digital cash is based on a central platform that allows the users to pay any retailer that is compatible with the platform, using any compatible payment method – like Visa, Mastercard, Union Pay. etc.
Digital cash also has the potential to reduce fraud as they are more difficult to steal and use than a physical card or cash. It is an attractive feature in a pandemic-driven market in the Philippines. Many increasingly favor contactless payments.
As more and more businesses use cashless payment options in daily transactions, San Guillermo executives have also announced its adoption in the new normal. It is planned to go cashless even if the project fronts have not yet been inaugurated.
Digital Payment is projected to prop up muscle the muscle of marketing.
The digital money initiative is meant to help cash-paying people shift towards cashless payment. And because once it is activated, users can enjoy the other benefits — like deals, promotions, and utilities. These can even help commuters embrace cashless payment, and unlock the many benefits that await them.
The world is already “racing ahead” with the development of a digital currency. Digital currency evangelists scoff that this seems most likely to happen soon, if ever, given the stodgy nature of the effects of being contactless skyrocketed by the COVID-19-scare.
Whether you love or hate the digital money, its explosion has reminded us all that the physical presence of money matters deeply if you want to live in a past pandemic — and not just memes. One big appeal, after all, is precisely how it acts as a safer solution for handling currency.