Visa and Unionbank team up to bring in a new payment system in the Philippines in the form of Visa B2B Connect. The new system will make use of blockchain technology, the same technology that cryptocurrencies such as BitCoin use, to speed-up fund transfer processes.
According to UnionBank chairman Justo Ortiz, Visa B2B Connect will allow fund transfers to be accomplished in real time or within 24 hours compared to the usual 3-5 day timeframe. Apart from that, transaction fee’s are also projected to decrease once the platform goes into full release. Head of business-to-business partnership at Visa Asia Pacific, Viktam Kshettry said that they will be using 23 fiat currencies and 4 partner banks to be able to offer the payment platform.
The new service is set to come out by the 4th quarter of 2018.
source: ABS-CBN News
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
How to transfer, withdraw money from PayPal to GCash
Prices of Starlink satellite in the Philippines
Install Google GBox to Huawei smartphones
Pag-IBIG MP2 online application
How to check PhilHealth contributions online
How to find your SIM card serial number
Globe, PLDT, Converge, Sky: Unli fiber internet plans compared
10 biggest games in the Google Play Store
LTO periodic medical exam for 10-year licenses
Netflix codes to unlock hidden TV shows, movies
Apple, Asus, Cherry Mobile, Huawei, LG, Nokia, Oppo, Samsung, Sony, Vivo, Xiaomi, Lenovo, Infinix Mobile, Pocophone, Honor, iPhone, OnePlus, Tecno, Realme, HTC, Gionee, Kata, IQ00, Redmi, Razer, CloudFone, Motorola, Panasonic, TCL, Wiko
Best Android smartphones between PHP 20,000 - 25,000
Smartphones under PHP 10,000 in the Philippines
Smartphones under PHP 12K Philippines
Best smartphones for kids under PHP 7,000
Smartphones under PHP 15,000 in the Philippines
Best Android smartphones between PHP 15,000 - 20,000
Smartphones under PHP 20,000 in the Philippines
Most affordable 5G phones in the Philippines under PHP 20K
5G smartphones in the Philippines under PHP 16K
Smartphone pricelist Philippines 2024
Smartphone pricelist Philippines 2023
Smartphone pricelist Philippines 2022
Smartphone pricelist Philippines 2021
Smartphone pricelist Philippines 2020
