From Abby Ongyanco-Lim’s blog, local payment systems/services don’t seem to get much penetration. I hardly know half of them.
She posted a list of Online Payment Solutions as presented from the recent 4th National E-commerce Congress:
YESPayments – VISA/MASTERCARD/JCB ThePort by Unionbank – VISA/AMEX/DINERS/E-ON/UBP ATM/MEGALINK ATM PAYplus+ by Yehey – BANCNET and MEGALINK Bancnet – BANCNET, MEGALINK, EXPRESSNET PayEasy by Mozcom – VISA/MASTERCARD/AMEX/DISCOVER by Paypal & G-Cash Wi-Max Business Innovation – BDO ATM, G-Cash, Smart-Money, Wi-max Wallets G-Cash by Globe – Mobile Micro Payments SmartMoney by SMART – Mobile Micro Payments
Of the lot, I only have experience with Yehey’s PayPlus service thru local merchants. SmartMoney, though an award-winning mobile service, faded because of slow adoption. G-Cash is more promising but we need more consumer education on how to use it. Mozcom’s PayEasy has Paypal? How’d that happen? (US subsidiary maybe?)
We go back to the basic problem, internet penetration and credit card holders. So far, G-Cash has the potential to really make it big.