Eschewing Cash: The Challenges of Cashless Transactions in the Philippines
Over the last decade, the Philippine government and private sector have spearheaded several cashless initiatives in part to address the structural deficiencies of the country's economy, such as its poor financial inclusion levels and its heavy reliance on remittances. This paper will provide an...
Gespeichert in:
| Veröffentlicht in: | ASEAN economic bulletin 2016-12, Vol.33 (3), p.387-397 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 397 |
|---|---|
| container_issue | 3 |
| container_start_page | 387 |
| container_title | ASEAN economic bulletin |
| container_volume | 33 |
| creator | Nair, Vandana Prakash |
| description | Over the last decade, the Philippine government and private sector have spearheaded several cashless initiatives in part to address the structural deficiencies of the country's economy, such as its poor financial inclusion levels and its heavy reliance on remittances. This paper will provide an assessment of the non-cash payment industry in the Philippines. It will argue that while structural challenges have spurred the country's most cutting-edge cashless initiatives, they have simultaneously impeded the full integration of cashless transactions into Philippine society. The Philippines will only achieve its goal to transition to a "cash-lite" country if the central bank, Bangko Sentral ng Pilipinas (BSP), and the private sector are able to coordinate efforts to address the financial system's limitations. |
| doi_str_mv | 10.1355/ae33-3f |
| format | Article |
| fullrecord | <record><control><sourceid>gale_proqu</sourceid><recordid>TN_cdi_proquest_miscellaneous_1866657864</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A478141086</galeid><jstor_id>44132412</jstor_id><sourcerecordid>A478141086</sourcerecordid><originalsourceid>FETCH-LOGICAL-c523t-119fabaa7ae53c2639a9fcd54063827c80f410d094f0d8599fc5b0d276223ade3</originalsourceid><addsrcrecordid>eNpt0u9r1DAYB_AiCo5z-BcIBV-oYLf8aNLWd-OYujlw4Pk65NInbY5eeuZJUf97U89t3jgCTUg_z0NIvln2kpIzyoU418B5we2T7IRx3hSCEfn0bk0a8Tw7RdwQQiipGBXNSXZ9iaaHn853-VJj_yFf9ZAvez0M4DvAfLR_9wdAzFdBe9QmutFj7nweE73t3eB2O-cBX2TPrB4QTv_Ni-z7x8vV8nNx8_XT1fLipjCC8VhQ2li91rrSILhhkje6saYVJZG8ZpWpiS0paUlTWtLWokk_xZq0rJKMcd0CX2Rv9313YfwxAUa1dWhgGLSHcUJFaymlqGpZJvr6Ed2MU_DpdEmJSpKyqumD6vQAynk7xqDN3FRdzCAdp5ZJFUdUBx6CHkYP1qXtA392xKfRwtaZowXvDgqSifArdnpCVF9urw7t-__sesL5AdIHXddH3Jcc8Dd7bsKIGMCqXXBbHX4rStQcHDUHR3GbZHl_YxswcTshPFyaLCveCPVtDtScLSp5ClN61kX2al-2wTiG--5lSTkrKeN_APCNyd0</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1857604781</pqid></control><display><type>article</type><title>Eschewing Cash: The Challenges of Cashless Transactions in the Philippines</title><source>PAIS Index</source><source>EBSCOhost Business Source Complete</source><source>JSTOR Archive Collection A-Z Listing</source><creator>Nair, Vandana Prakash</creator><creatorcontrib>Nair, Vandana Prakash ; Research Officer at the ISEAS Yusof Ishak Institute, Singapore</creatorcontrib><description>Over the last decade, the Philippine government and private sector have spearheaded several cashless initiatives in part to address the structural deficiencies of the country's economy, such as its poor financial inclusion levels and its heavy reliance on remittances. This paper will provide an assessment of the non-cash payment industry in the Philippines. It will argue that while structural challenges have spurred the country's most cutting-edge cashless initiatives, they have simultaneously impeded the full integration of cashless transactions into Philippine society. The Philippines will only achieve its goal to transition to a "cash-lite" country if the central bank, Bangko Sentral ng Pilipinas (BSP), and the private sector are able to coordinate efforts to address the financial system's limitations.</description><identifier>ISSN: 2339-5095</identifier><identifier>EISSN: 2339-5206</identifier><identifier>DOI: 10.1355/ae33-3f</identifier><language>eng</language><publisher>Singapore: Institute of Southeast Asian Studies</publisher><subject>Analysis ; Banking industry ; Banks ; Branch banking ; Central banks ; Customer service ; Customer services ; Electronic banking ; Financial inclusion ; Financial institutions ; Financial services ; Informal economy ; International Bank for Reconstruction & Development ; International organizations ; Mobile commerce ; Philippines ; Private sector ; Public debt ; Public policy ; Remittances ; RESEARCH NOTES ; Ride sharing services ; Rural areas ; Studies ; Technological change ; Tourism ; Transaction systems (Computer systems) ; United States ; Vending machines ; World Bank</subject><ispartof>ASEAN economic bulletin, 2016-12, Vol.33 (3), p.387-397</ispartof><rights>2016 ISEAS</rights><rights>Copyright © The Institute of Southeast Asian Studies.</rights><rights>COPYRIGHT 2016 Institute of Southeast Asian Studies (ISEAS)</rights><rights>Copyright ISEAS - Yusof Ishak Institute Dec 2016</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c523t-119fabaa7ae53c2639a9fcd54063827c80f410d094f0d8599fc5b0d276223ade3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/44132412$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/44132412$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,27866,27924,27925,58017,58250</link.rule.ids></links><search><creatorcontrib>Nair, Vandana Prakash</creatorcontrib><creatorcontrib>Research Officer at the ISEAS Yusof Ishak Institute, Singapore</creatorcontrib><title>Eschewing Cash: The Challenges of Cashless Transactions in the Philippines</title><title>ASEAN economic bulletin</title><description>Over the last decade, the Philippine government and private sector have spearheaded several cashless initiatives in part to address the structural deficiencies of the country's economy, such as its poor financial inclusion levels and its heavy reliance on remittances. This paper will provide an assessment of the non-cash payment industry in the Philippines. It will argue that while structural challenges have spurred the country's most cutting-edge cashless initiatives, they have simultaneously impeded the full integration of cashless transactions into Philippine society. The Philippines will only achieve its goal to transition to a "cash-lite" country if the central bank, Bangko Sentral ng Pilipinas (BSP), and the private sector are able to coordinate efforts to address the financial system's limitations.</description><subject>Analysis</subject><subject>Banking industry</subject><subject>Banks</subject><subject>Branch banking</subject><subject>Central banks</subject><subject>Customer service</subject><subject>Customer services</subject><subject>Electronic banking</subject><subject>Financial inclusion</subject><subject>Financial institutions</subject><subject>Financial services</subject><subject>Informal economy</subject><subject>International Bank for Reconstruction & Development</subject><subject>International organizations</subject><subject>Mobile commerce</subject><subject>Philippines</subject><subject>Private sector</subject><subject>Public debt</subject><subject>Public policy</subject><subject>Remittances</subject><subject>RESEARCH NOTES</subject><subject>Ride sharing services</subject><subject>Rural areas</subject><subject>Studies</subject><subject>Technological change</subject><subject>Tourism</subject><subject>Transaction systems (Computer systems)</subject><subject>United States</subject><subject>Vending machines</subject><subject>World Bank</subject><issn>2339-5095</issn><issn>2339-5206</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2016</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><sourceid>KPI</sourceid><sourceid>7TQ</sourceid><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNpt0u9r1DAYB_AiCo5z-BcIBV-oYLf8aNLWd-OYujlw4Pk65NInbY5eeuZJUf97U89t3jgCTUg_z0NIvln2kpIzyoU418B5we2T7IRx3hSCEfn0bk0a8Tw7RdwQQiipGBXNSXZ9iaaHn853-VJj_yFf9ZAvez0M4DvAfLR_9wdAzFdBe9QmutFj7nweE73t3eB2O-cBX2TPrB4QTv_Ni-z7x8vV8nNx8_XT1fLipjCC8VhQ2li91rrSILhhkje6saYVJZG8ZpWpiS0paUlTWtLWokk_xZq0rJKMcd0CX2Rv9313YfwxAUa1dWhgGLSHcUJFaymlqGpZJvr6Ed2MU_DpdEmJSpKyqumD6vQAynk7xqDN3FRdzCAdp5ZJFUdUBx6CHkYP1qXtA392xKfRwtaZowXvDgqSifArdnpCVF9urw7t-__sesL5AdIHXddH3Jcc8Dd7bsKIGMCqXXBbHX4rStQcHDUHR3GbZHl_YxswcTshPFyaLCveCPVtDtScLSp5ClN61kX2al-2wTiG--5lSTkrKeN_APCNyd0</recordid><startdate>20161201</startdate><enddate>20161201</enddate><creator>Nair, Vandana Prakash</creator><general>Institute of Southeast Asian Studies</general><general>ISEAS–Yusof Ishak Institute</general><general>Institute of Southeast Asian Studies (ISEAS)</general><general>ISEAS - Yusof Ishak Institute</general><scope>AAYXX</scope><scope>CITATION</scope><scope>N95</scope><scope>XI7</scope><scope>KPI</scope><scope>0-V</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>7RO</scope><scope>7TQ</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AI</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ALSLI</scope><scope>AXJJW</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BVBZV</scope><scope>CCPQU</scope><scope>DHY</scope><scope>DON</scope><scope>DPSOV</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>KC-</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>M2L</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20161201</creationdate><title>Eschewing Cash: The Challenges of Cashless Transactions in the Philippines</title><author>Nair, Vandana Prakash</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c523t-119fabaa7ae53c2639a9fcd54063827c80f410d094f0d8599fc5b0d276223ade3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2016</creationdate><topic>Analysis</topic><topic>Banking industry</topic><topic>Banks</topic><topic>Branch banking</topic><topic>Central banks</topic><topic>Customer service</topic><topic>Customer services</topic><topic>Electronic banking</topic><topic>Financial inclusion</topic><topic>Financial institutions</topic><topic>Financial services</topic><topic>Informal economy</topic><topic>International Bank for Reconstruction & Development</topic><topic>International organizations</topic><topic>Mobile commerce</topic><topic>Philippines</topic><topic>Private sector</topic><topic>Public debt</topic><topic>Public policy</topic><topic>Remittances</topic><topic>RESEARCH NOTES</topic><topic>Ride sharing services</topic><topic>Rural areas</topic><topic>Studies</topic><topic>Technological change</topic><topic>Tourism</topic><topic>Transaction systems (Computer systems)</topic><topic>United States</topic><topic>Vending machines</topic><topic>World Bank</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Nair, Vandana Prakash</creatorcontrib><creatorcontrib>Research Officer at the ISEAS Yusof Ishak Institute, Singapore</creatorcontrib><collection>CrossRef</collection><collection>Gale Business: Insights</collection><collection>Business Insights: Essentials</collection><collection>Gale In Context: Global Issues</collection><collection>ProQuest Social Sciences Premium Collection</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>Asian Business Database</collection><collection>PAIS Index</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Asian Business Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Social Science Premium Collection</collection><collection>Asian & European Business Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>East & South Asia Database</collection><collection>ProQuest One Community College</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>Politics Collection</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Asian & European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ProQuest Politics Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>Political Science Database</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>ASEAN economic bulletin</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Nair, Vandana Prakash</au><aucorp>Research Officer at the ISEAS Yusof Ishak Institute, Singapore</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Eschewing Cash: The Challenges of Cashless Transactions in the Philippines</atitle><jtitle>ASEAN economic bulletin</jtitle><date>2016-12-01</date><risdate>2016</risdate><volume>33</volume><issue>3</issue><spage>387</spage><epage>397</epage><pages>387-397</pages><issn>2339-5095</issn><eissn>2339-5206</eissn><abstract>Over the last decade, the Philippine government and private sector have spearheaded several cashless initiatives in part to address the structural deficiencies of the country's economy, such as its poor financial inclusion levels and its heavy reliance on remittances. This paper will provide an assessment of the non-cash payment industry in the Philippines. It will argue that while structural challenges have spurred the country's most cutting-edge cashless initiatives, they have simultaneously impeded the full integration of cashless transactions into Philippine society. The Philippines will only achieve its goal to transition to a "cash-lite" country if the central bank, Bangko Sentral ng Pilipinas (BSP), and the private sector are able to coordinate efforts to address the financial system's limitations.</abstract><cop>Singapore</cop><pub>Institute of Southeast Asian Studies</pub><doi>10.1355/ae33-3f</doi><tpages>11</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 2339-5095 |
| ispartof | ASEAN economic bulletin, 2016-12, Vol.33 (3), p.387-397 |
| issn | 2339-5095 2339-5206 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1866657864 |
| source | PAIS Index; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Analysis Banking industry Banks Branch banking Central banks Customer service Customer services Electronic banking Financial inclusion Financial institutions Financial services Informal economy International Bank for Reconstruction & Development International organizations Mobile commerce Philippines Private sector Public debt Public policy Remittances RESEARCH NOTES Ride sharing services Rural areas Studies Technological change Tourism Transaction systems (Computer systems) United States Vending machines World Bank |
| title | Eschewing Cash: The Challenges of Cashless Transactions in the Philippines |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-04T08%3A00%3A41IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Eschewing%20Cash:%20The%20Challenges%20of%20Cashless%20Transactions%20in%20the%20Philippines&rft.jtitle=ASEAN%20economic%20bulletin&rft.au=Nair,%20Vandana%20Prakash&rft.aucorp=Research%20Officer%20at%20the%20ISEAS%20Yusof%20Ishak%20Institute,%20Singapore&rft.date=2016-12-01&rft.volume=33&rft.issue=3&rft.spage=387&rft.epage=397&rft.pages=387-397&rft.issn=2339-5095&rft.eissn=2339-5206&rft_id=info:doi/10.1355/ae33-3f&rft_dat=%3Cgale_proqu%3EA478141086%3C/gale_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1857604781&rft_id=info:pmid/&rft_galeid=A478141086&rft_jstor_id=44132412&rfr_iscdi=true |