Mastercard virtual/physical cards
GCash have recently announced that they will be charging customers with NO TRANSACTIONS in 6 months for P50 per month. All inactive cards with Zero balance will be closed. This move will clean up unused reserved card numbers (virtual/physical) and return them to the allocation pool. This is a bold move but will potentially bring interest back to GCash which was left behind a lot by the Launch SmartMoney’s PayMaya.
Globe have released it’s own version of a Beep Chip embedded prepaid credit/debit card for dual use in the internet and for riding MRT and LRT lines. This card was released a day or two ahead of the PayMaya rival from Smart e-Money which was a Visa card and it packs it’s own advantage over it’s rival.