REP. BERNADETTE "BH" HERRERA
Bagong Henerasyon Party-list
Secretary-General, The Party-list Coalition Foundation, Inc.
Deputy Majority Leader | Governor, Rotary Philippines RID3780
0917-729-2437 Twitter: @BHherrerady
RANKING SOLON SLAMS GCASH, PAYMAYA FOR NOT HOLDING OFF E-PAYMENTS CHARGES TO UNTIL DEC. 31, 2020
I object to the decision of GCash and PayMaya to start charging their customers fees for use of PESONet and InstaPay e-payments mechanisms starting October 31.
These companies should rethink their decisions. During this pandemic crisis, especially in the areas still under MECQ and GCQ, every peso counts.
The other financial institutions opted to waive e-payment charges until December 31 this year. They made the prudent and compassionate decision.
P50.00, the maximum charge per transaction, can buy one kilo of rice and ingredients for one vegetable meal or about seven eggs.
For the poor, who have been using e-payments for the first time during this pandemic, the fees would be yet another disincentive to use e-payments. They would go back to have little or no
access to financial services. They will go back to being unbanked.
It is not yet too late for GCash and PayMaya to change their minds. (END)
Bagong Henerasyon Party-list
Secretary-General, The Party-list Coalition Foundation, Inc.
Deputy Majority Leader | Governor, Rotary Philippines RID3780
0917-729-2437 Twitter: @BHherrerady
RANKING SOLON SLAMS GCASH, PAYMAYA FOR NOT HOLDING OFF E-PAYMENTS CHARGES TO UNTIL DEC. 31, 2020
I object to the decision of GCash and PayMaya to start charging their customers fees for use of PESONet and InstaPay e-payments mechanisms starting October 31.
These companies should rethink their decisions. During this pandemic crisis, especially in the areas still under MECQ and GCQ, every peso counts.
The other financial institutions opted to waive e-payment charges until December 31 this year. They made the prudent and compassionate decision.
P50.00, the maximum charge per transaction, can buy one kilo of rice and ingredients for one vegetable meal or about seven eggs.
For the poor, who have been using e-payments for the first time during this pandemic, the fees would be yet another disincentive to use e-payments. They would go back to have little or no
access to financial services. They will go back to being unbanked.
It is not yet too late for GCash and PayMaya to change their minds. (END)
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