A study released last week by leading credit card company Visa showing that more Filipinos are using digital modes for their transactions is proof that the country is moving toward the cashless society envisioned by the Bangko Sentral ng Pilipinas (BSP).Its Consumer Payment Attitudes Study found that for every 10 purchases, cash payments were down to 6.4 last year compared to 7.8 in 2021. As for the most preferred cashless payment options, 89 percent used
In early May, as the sixth anniversary of the Marawi siege approached, I resolved to visit this historic Islamic city by the lake. I’ve been to the remotest parts of Mindanao but never to Marawi, the seat of Meranaw culture, and an important site of resistance in the colonial conquest of the country. I almost canceled the visit. The day before my departure, more than 200 families in Marogong, Lanao del Sur, evacuated to neighboring towns, fearing an attack by the armed group Dawlah Islamiyah. Elements of Task Force Marawi, an interagency peacekeeping force, had earlier arrested four young members of
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